XML 17 R7.htm IDEA: XBRL DOCUMENT v3.23.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
OPERATING ACTIVITIES:    
Net income $ 261 $ 2,332
Adjustments to reconcile net income to cash provided by (used in) operating activities:    
Depreciation and amortization 1,014 1,020
Interest amortization of deferred financing costs 18 18
Stock-based compensation expense 835 526
Deferred income taxes, net (245) 623
Operating lease assets and liabilities, net 12 (76)
Loss on disposition of fixed assets 1 0
Working capital items:    
Accounts receivable and unbilled receivables 245 (3,445)
Prepaid and other current assets 452 699
Accounts payable 210 1,288
Accrued payroll and related costs 385 (873)
Other accrued liabilities (262) (448)
Deferred revenue 205 (101)
Net cash flows provided by operating activities 3,131 1,563
INVESTING ACTIVITIES:    
Recovery of (payment for) non-current deposits 90 84
Capital expenditures (97) (730)
Net cash flows (used in) investing activities (7) (646)
FINANCING ACTIVITIES:    
(Repayments) on term loan facility (1,100) (1,100)
Proceeds from exercise of stock options 0 893
Net cash flows (used in) financing activities (1,100) (207)
Effect of exchange rate changes on cash and cash equivalents 16 (147)
Net change in cash and cash equivalents 2,040 563
Cash and cash equivalents, beginning of period 7,057 6,622
Cash and cash equivalents, end of period $ 9,097 $ 7,185