XML 14 R5.htm IDEA: XBRL DOCUMENT v3.23.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net loss $ (4,220) $ (2,567)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 298 446
Stock-based compensation 738 808
Interest on note receivable (62) (38)
Bad debt recovery (33)  
Non-cash lease expense 195  
Changes in assets and liabilities:    
Accounts receivable (699) (432)
Unbilled receivables 141 (343)
Prepaid expenses and other current assets (107) (379)
Tax receivable (136)  
Accounts payable (44) 273
Accrued expenses (396) (119)
Deferred revenue 626 (207)
Net cash used in operating activities (3,699) (2,558)
Cash flows from investing activities:    
Purchases of property and equipment (16) (11)
Purchase of marketable securities (7,917)  
Sale of marketable securities 3,500  
Investment in note receivable   (2,500)
Net cash used in investing activities (4,433) (2,511)
Cash flows from financing activities:    
Proceeds from issuance of common stock 52 93
Payments made for taxes of employees who surrendered shares related to unrestricted stock (15)  
Repurchase of common stock (341) (3)
Net cash (used in) provided by financing activities (304) 90
Decrease in cash and cash equivalents (8,436) (4,979)
Cash and cash equivalents, beginning of period 11,749 29,963
Cash and cash equivalents, end of period 3,313 $ 24,984
Supplemental disclosure: Cash paid for income taxes $ 136