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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 3,421 $ 1,363
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 1,118 960
Stock-based compensation 1,131 1,817
Deferred income tax 550 1,140
Loss on long-lived assets 38 0
Gain on PPP notes payable forgiveness 0 (429)
Gain on equity investment in WeGo (196) 0
Net foreign currency effect 214 (255)
Reversal of loss on accounts receivable, refund reserve and other (2,246) (871)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (131) (4,781)
Prepaid income taxes 670 (713)
Prepaid expenses and other (138) (2,775)
Accounts payable (2,056) 1,415
Merchant payables (19,784) 25,185
Accrued expenses and other 172 (320)
Income tax payable (186) (228)
Other liabilities 433 442
Net cash provided by (used in) operating activities (16,990) 21,950
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 (175) (84)
Net cash used in investing activities (1,028) (84)
Cash flows from financing activities:    
Repurchase of common stock 0 (1,583)
Payment of notes payables 0 (110)
Exercise of stock options, net of taxes paid for net share settlement 1,885 (3,067)
Net cash used in financing activities 1,885 (4,760)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (2,176) 697
Net increase (decrease) in cash, cash equivalents and restricted cash (18,309) 17,803
Cash, cash equivalents and restricted cash at beginning of period 44,989 64,385
Cash, cash equivalents and restricted cash at end of period 26,680 82,188
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net 771 1,443
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 1,715 2,281
Non-cash consideration for purchase of intangible asset $ 1,150 $ 0