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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net loss $ (3,239) $ (3,075)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 421 437
Stock-based compensation 627 1,097
Interest on note receivable   (93)
Allowance for credit losses 53  
Non-cash lease expense 53 218
Change in fair value of contingent acquisition payment   (812)
Changes in assets and liabilities:    
Accounts receivable (1,637) (3,432)
Unbilled receivables (7) 1,387
Prepaid expenses and other current assets (118) (459)
Tax receivable   1,355
Accounts payable 750 (408)
Accrued expenses (616) 363
Deferred revenue (131) 2,180
Net cash used in operating activities (3,844) (1,242)
Cash flows from investing activities:    
Purchases of property and equipment (45) (16)
Purchase of marketable securities (5,139) (9,128)
Sale of marketable securities 10,224 4,750
Net cash provided by (used in) investing activities 5,040 (4,394)
Cash flows from financing activities:    
Proceeds from issuance of common stock 37 52
Payments made for taxes of employees who surrendered shares related to unrestricted stock (12) (15)
Repurchase of common stock   (467)
Net cash provided by (used in) financing activities 25 (430)
Increase (decrease) in cash and cash equivalents 1,221 (6,066)
Cash and cash equivalents, beginning of period 10,002 11,749
Cash and cash equivalents, end of period 11,223 5,683
Supplemental disclosure: Cash paid for income taxes $ 98 $ 136