XML 20 R7.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income $ 417 $ 686
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 831 680
Bad debt expense 555 93
Deferred income taxes 6 (17)
Non-cash interest expense (See Note 3) 13 13
Stock-based compensation expense 268 286
Changes in operating assets and liabilities:    
Decrease (increase) in accounts receivable (1,384) (467)
Decrease (increase) in other assets (266) 194
Increase (decrease) in accounts payable 67 (304)
Increase (decrease) in accrued expenses and other liabilities (87) 31
Increase (decrease) in deferred revenue 375 394
Net cash provided by operating activities 795 1,589
Cash flows from investing activities:    
Purchase of VisualWebcaster Platform (2,788) 0
Capitalized software (20) 0
Purchase of fixed assets (6) (39)
Net cash used in investing activities (2,814) (39)
Cash flows from financing activities:    
Proceeds from exercise of stock options, net of income taxes 0 709
Payment of dividends 0 (305)
Net cash provided by (used in) financing activities 0 404
Net change in cash (2,019) 1,954
Cash - beginning 17,222 4,917
Currency translation adjustment (7) (37)
Cash - ending 15,196 6,834
Supplemental disclosures:    
Cash paid for income taxes 128 31
Non-cash activities:    
Right-of-use assets obtained in exchange for lease liabilities $ 260 $ 0