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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income $ 6,344 $ 3,421
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 945 1,118
Stock-based compensation 828 1,131
Deferred income tax (38) 550
Loss on long-lived assets 10 38
Gain on equity investment in WeGo 0 (196)
Net foreign currency effect (33) 214
Reversal of loss on accounts receivable, refund reserve and other (829) (2,246)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable 3,888 (131)
Prepaid income taxes 1,017 670
Prepaid expenses and other 2,485 (138)
Accounts payable (2,393) (2,056)
Merchant payables (8,604) (19,784)
Accrued expenses and other 377 172
Income tax payable 234 (186)
Other liabilities, net 1,419 433
Net cash provided by (used in) operating activities 5,650 (16,990)
Cash flows from investing activities:    
Proceeds from repayment of note receivable 113 0
Purchases of intangible assets 0 (1,049)
Proceeds from sale of equity investment in WeGo 0 196
Purchases of property and equipment (157) (175)
Net cash used in investing activities (44) (1,028)
Cash flows from financing activities:    
Repurchase of common stock (4,870) 0
Exercise of stock options, net of taxes paid for net share settlement (299) 1,885
Net cash provided by (used in) financing activities (5,169) 1,885
Effect of exchange rate changes on cash, cash equivalents and restricted cash 382 (2,176)
Net increase (decrease) in cash, cash equivalents and restricted cash 819 (18,309)
Cash, cash equivalents and restricted cash at beginning of period 19,378 44,989
Cash, cash equivalents and restricted cash at end of period 20,197 26,680
Supplemental disclosure of cash flow information:    
Cash paid (refund) for income taxes, net (494) 771
Cash paid for amounts included in the measurement of lease liabilities 1,725 1,715
Non-cash consideration for purchase of intangible asset $ 0 $ 1,150