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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income $ 4,218 $ 4,194
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 1,652 1,408
Stock-based compensation 1,456 2,788
Deferred income tax 701 1,073
Loss on long-lived assets 38 0
Gain on PPP notes payable forgiveness 0 (3,588)
Gain on equity investment in WeGo (196) 0
Net foreign currency effect 34 (300)
Reversal of loss on accounts receivable, refund reserve and other (3,402) (1,725)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable 2,540 (3,848)
Prepaid income taxes 354 (2,007)
Prepaid expenses and other 41 (9,473)
Accounts payable 401 5,024
Merchant payables (28,894) 16,486
Accrued expenses and other 153 (452)
Income tax payable (185) (263)
Other liabilities 240 (34)
Net cash provided by (used in) operating activities (20,849) 9,283
Cash flows from investing activities:    
Purchases of intangible assets (1,049) 0
Proceeds from sale of equity investment in WeGo 196 0
Purchases of property and equipment (236) (24)
Net cash used in investing activities (1,089) (24)
Cash flows from financing activities:    
Repurchase of common stock (1,170) (1,583)
Payment of notes payables 0 (110)
Proceeds from short swing settlement 46 0
Exercise of stock options, net of taxes paid for net share settlement 1,885 (5,424)
Net cash provided by (used in) financing activities 761 (7,117)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (3,267) (126)
Net increase (decrease) in cash, cash equivalents and restricted cash (24,444) 2,016
Cash, cash equivalents and restricted cash at beginning of period 44,989 64,385
Cash, cash equivalents and restricted cash at end of period 20,545 66,401
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net 1,234 2,978
Right-of-use assets obtained in exchange for lease obligations—operating leases 0 1,777
Cash paid for amounts included in the measurement of lease liabilities 2,405 3,291
Non-cash consideration for purchase of intangible asset $ 1,150 $ 0