XML 22 R8.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:    
Net income (loss) $ 902 $ (14,570)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 1,820 2,314
Stock-based compensation 3,748 6,203
Deferred income tax 813 (3,413)
Impairment of intangible asset and goodwill 0 2,920
Gain on notes payable settlement 0 (1,500)
Gain on sale of long-lived assets 0 (385)
Loss on equity investment in WeGo 0 474
Gain on sale of equity investment in WeGo 0 (468)
Gain on PPP notes payable forgiveness (3,588) 0
Net foreign currency effect (373) (685)
Provision for loss on accounts receivable and refund reserve 425 5,375
Changes in operating assets and liabilities:    
Accounts receivable (9,735) 6,196
Prepaid income taxes (2,458) 75
Prepaid expenses and other (8,092) 1,183
Accounts payable (3,311) (748)
Merchant payables 12,179 44,136
Accrued expenses and other 321 (2,112)
Income tax payable (138) (540)
Other liabilities (596) 2,564
Net cash provided by (used in) operating activities (8,083) 47,019
Cash flows from investing activities:    
Acquisition of business, net of cash acquired 0 (679)
Increase in note receivable 0 (430)
Proceeds from repayment of note receivable 133 0
Proceeds from sale of equity investment in WeGo 0 2,607
Purchases of property and equipment (29) (253)
Proceeds from sale of long-lived assets 0 822
Net cash provided by investing activities 104 2,067
Cash flows from financing activities:    
Repurchase of common stock (5,488) (1,205)
Payment of promissory notes (110) (9,500)
Proceeds from PPP notes payable 0 3,663
Proceeds from exercise of stock options, net of taxes paid for net share settlement of equity awards (5,560) 60
Net cash used in financing activities (11,158) (6,982)
Effect of exchange rate changes on cash and cash equivalents (259) 1,571
Net increase (decrease) in cash, cash equivalents and restricted cash (19,396) 43,675
Cash, cash equivalents and restricted cash at beginning of year 64,385 20,710
Cash, cash equivalents and restricted cash at end of year 44,989 64,385
Supplemental Cash Flow Information [Abstract]    
Cash paid for income taxes, net 3,115 1,954
Cash paid for interest 4 142
Right-of-use assets obtained in exchange for lease obligations—operating leases 1,777 3,207
Cash paid for amounts included in the measurement of lease liabilities 4,304 4,701
Non-cash investing and financing activities:    
Issuance of promissory notes to the sellers of Jack's Flight Club $ 0 $ 11,000