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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income (loss) $ 4,810 $ (6,196)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Share-based compensation expense 611 868
Depreciation and amortization 1,103 984
Deferred income taxes 746 (2,387)
Unrealized foreign currency transaction losses 22 165
Changes in operating assets and liabilities:    
Accounts receivable 1,786 (6,343)
Employee retention credit receivable 1,500 0
Inventories (5,584) (3,551)
Prepaid income taxes (178) (51)
Other current and long-term assets (344) (137)
Accounts payable (1,152) 1,926
Accrued liabilities and other liabilities 1,271 508
Net cash provided by (used in) operating activities 4,591 (14,214)
Cash flows from investing activities:    
Capital expenditures (788) (955)
Net cash used in investing activities (788) (955)
Cash flows from financing activities:    
Proceeds from bank borrowings 0 2,250
Withholding taxes paid on stock issuances (86) (119)
Payment of bank financing costs 0 (69)
Net cash (used in) provided by financing activities (86) 2,062
Effect of exchange rate changes on cash and cash equivalents (58) 14
Increase (decrease) in cash and cash equivalents 3,659 (13,093)
Cash and cash equivalents, beginning of period 7,946 19,457
Cash and cash equivalents, end of period 11,605 6,364
Supplemental schedule of non-cash investing activities:    
Non-cash capital expenditure items $ 36 $ 19