XML 17 R7.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income (loss) $ (1,048) $ 190
Adjustments to reconcile net income (loss) to net cash (used in) operating activities:    
Depreciation and amortization 455 189
Stock-based compensation expense 5 0
Adjustment to reconcile operating lease expense to cash paid 21 5
Deferred income taxes (86) 0
Changes in operating assets and liabilities:    
Accounts receivable 684 (273)
Inventories (102) (189)
Prepaid expenses and other assets 56 74
Accounts payable (125) 85
Accrued liabilities (38) (198)
Accrued income taxes 102 (128)
Net cash (used in) operating activities (76) (245)
Cash flows from investing activities:    
Acquisition of Calman Technology Limited, net of cash acquired 0 (4,278)
Purchases of property, plant and equipment (20) (32)
Net cash (used in) investing activities (20) (4,310)
Cash flows from financing activities:    
Payment of dividends on preferred stock (200) (200)
Repurchases of common stock 0 (177)
Net cash (used in) financing activities (200) (377)
Effect of exchange rate changes on cash (48) (53)
Net (decrease) in cash and cash equivalents (344) (4,985)
Cash and cash equivalents, beginning of period 4,304 10,091
Cash and cash equivalents, end of period 3,960 5,106
Supplemental disclosure of cash flow information:    
Income taxes paid, net 14 327
Interest paid 0 0
Supplemental disclosure of non-cash investing and financing activities:    
Lease liabilities arising from obtaining right-of-use assets $ 795 $ 55