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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating activities    
Net income $ 2,913 $ 2,227
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 1,064 1,079
Non-cash lease expense 782 1,562
Bad debt expense, net of recoveries 139 64
Share-based compensation 282 95
Changes in operating assets and liabilities:    
Accounts receivable (10,377) 6,404
Prepaid expenses and other assets (867) 619
Accounts payable 3,269 (2,334)
Operating lease liabilities (782) (1,562)
Accrued expenses, other current liabilities and customer incentives and deposits 4,586 618
Net cash provided by operating activities 1,009 8,772
Investing activities    
Purchases of property and equipment and capitalized software (890) (786)
Partners' Investment in Subsidiary 4 0
Net cash used in investing activities (886) (786)
Financing activities    
Net borrowings on lines of credit 2,093 (792)
Payments related to stock options exercised (68) 0
Net cash provided by (used in) financing activities 2,025 (792)
Effect of foreign exchange rate changes on cash (1,419) (3,976)
Net change in cash and cash equivalents 729 3,218
Cash and cash equivalents at beginning of period 15,972 10,458
Cash and cash equivalents at end of period 16,701 13,676
Supplemental disclosure of cash flows information:    
Interest paid 327 413
Income taxes paid $ 238 $ 36