XML 17 R7.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
OPERATING ACTIVITIES:    
Net income (loss) $ (1,912) $ 4,768
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:    
Depreciation and amortization 2,026 2,128
Interest amortization of deferred financing costs 37 36
Stock-based compensation expense 1,677 1,278
Deferred income taxes, net (439) 551
Employment-related claim liability, net of recoveries 3,100 0
Operating lease assets and liabilities, net 22 (223)
Loss on disposition of fixed assets 1 0
Long term accrued income taxes (36) 0
Working capital items:    
Accounts receivable and unbilled receivables 9,605 (7,815)
Prepaid and other current assets (952) 788
Accounts payable (97) 1,770
Accrued payroll and related costs (449) (990)
Other accrued liabilities 292 (279)
Deferred revenue 232 (75)
Net cash flows provided by operating activities 13,107 1,937
INVESTING ACTIVITIES:    
Recovery of (payment for) non-current deposits 70 104
Capital expenditures (112) (797)
Net cash flows (used in) investing activities (42) (693)
FINANCING ACTIVITIES:    
(Repayments) on term loan facility (1,100) (2,200)
Proceeds from the issuance of common shares 150 199
Purchase of treasury stock (572) 0
Proceeds from the exercise of stock options 0 1,323
Net cash flows (used in) financing activities (1,522) (678)
Effect of exchange rate changes on cash and cash equivalents 14 (466)
Net change in cash and cash equivalents 11,557 100
Cash and cash equivalents, beginning of period 7,057 6,622
Cash and cash equivalents, end of period $ 18,614 $ 6,722