XML 19 R6.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities    
Net income $ 5,052 $ 4,672
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation and amortization 1,573 1,609
Non-cash lease expense 786 2,308
Bad debt expense, net of recoveries 100 256
Share-based compensation 503 112
Changes in operating assets and liabilities, net of acquisition effects:    
Accounts receivable (12,341) 1,758
Prepaid expenses and other assets (1,997) (2,240)
Accounts payable 2,308 (798)
Operating lease liabilities (786) (2,308)
Accrued expenses, other current liabilities and customer incentives and deposits 5,921 1,854
Net cash provided by operating activities 1,119 7,223
Investing activities    
Purchases of property and equipment and capitalized software (1,432) (1,248)
Acquisition of a business, net of cash acquired (1,000) 0
Net cash used in investing activities (2,432) (1,248)
Financing activities    
Net borrowings on lines of credit 4,535 3,209
Payments from stock options exercised (121) (2)
Distribution to non-controlling investors (40)
Net cash provided by financing activities 4,374 3,207
Effect of foreign exchange rate changes on cash (3,733) (3,890)
Net change in cash and cash equivalents (672) 5,292
Cash and cash equivalents at beginning of period 15,972 10,458
Cash and cash equivalents at end of period 15,300 15,750
Supplemental disclosure of cash flows information:    
Interest paid 493 509
Income taxes paid $ 275 $ 554