XML 16 R6.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income $ 1,777 $ 1,454
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation and amortization 532 510
Amortization of operating lease right-of-use assets 133 241
Bad debt expense, net of recoveries (35) 34
Deferred income tax (benefit) (129) 0
Share-based compensation expense 173 150
Majority stockholders change in control agreement 0 (420)
Changes in operating assets and liabilities:    
Accounts receivable, net 607 (5,780)
Prepaid expenses and other current assets 1,301 (1,716)
Accounts payable (325) (145)
Operating lease liabilities (133) (242)
Accrued expenses, other current liabilities, due to affiliates and customer incentives and deposits (965) 2,916
Net cash provided by (used in) operating activities 2,936 (2,998)
Cash flows from investing activities    
Purchases of property and equipment (343) (478)
Net cash used in investing activities (343) (478)
Cash flows from financing activities    
Borrowings under line of credit 26,659 19,271
Repayments under line of credit (26,577) (14,446)
Payments on capital lease obligations (5) 0
Dividend on noncontrolling interest (304) 0
Net cash provided by (used in) financing activities (628) 4,825
Effect of foreign exchange rate changes on cash (57) (761)
Net change in cash, cash equivalents and restricted cash 1,908 588
Cash, cash equivalents at beginning of period 9,345 13,473
Cash, cash equivalents at end of period 11,253 14,061
Supplemental disclosure of cash flows information:    
Cash paid for interest 425 162
Cash paid for income taxes 476 611
Supplemental disclosure of non-cash investing and financing activities:    
Non-cash majority stockholders change in control agreement charges 0 3,270
Term Debt [Member]    
Cash flows from financing activities    
Proceeds from notes payable 445 0
Payments on notes payable (124) 0
Seller Notes [Member]    
Cash flows from financing activities    
Payments on notes payable $ (722)