XML 17 R6.htm IDEA: XBRL DOCUMENT v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net income $ 1,064 $ 1,799
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of deferred issuance costs and fees, net (13) 3
Earnings of equity method investments (44) (787)
Noncash credit loss recovery (4) (2)
Amortization of right-of-use assets 167 162
Depreciation and amortization 118 141
Deferred taxes 285 478
Stock-based compensation expense 280 228
Changes in operating assets and liabilities:    
Accounts receivable (101) 347
Inventory - equipment 267 339
Other current assets 515 (39)
Accounts payable and accrued liabilities (901) (2,674)
Payables to sellers 1,151 1,841
Lease liabilities (167) (160)
Net cash provided by operating activities 2,617 1,676
Cash flows from investing activities:    
Investment in notes receivable (1,348) (2,256)
Payments received on notes receivable 1,609 2,520
Investment in participating interest (1,575) 0
Investment in equity method investments (1,575) (193)
Return of investment in equity method investments 776 1,283
Cash distributions from equity method investments 44 787
Purchase of property and equipment (7,408) (22)
Net cash (used in) provided by investing activities (9,477) 2,119
Cash flows from financing activities:    
Proceeds from debt payable to third parties 4,100 0
Repayment of debt payable to third parties (130) (422)
Proceeds from secured borrowing 1,050 0
Payments of tax withholdings related to issuance of restricted common stock and stock option awards (79) (75)
Repurchase of common stock (1,042) 0
Net cash provided by (used in) financing activities 3,899 (497)
Net change in cash and cash equivalents (2,961) 3,298
Cash and cash equivalents as of beginning of period 21,749 12,279
Cash and cash equivalents as of end of period 18,788 15,577
Supplemental cash flow information:    
Cash paid for taxes (9) (1)
Cash paid for interest 51 92
Noncash purchase of property and equipment $ 49 $ 0