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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Operating activities      
Income from continuing and discontinued operations $ 1,919 $ 286  
less: Income (loss) from discontinued operations, net of tax 2,477 1,053  
Income (loss) from continuing operations, net of tax (558) (767)  
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 5,238 5,831  
Profit on sale of property, plant and equipment (1) (19)  
Additions during the period 196 (56)  
Amortization of debt issuance costs (including loss on extinguishment of debt) 40 146  
Amortization of call option premium 0 360  
Mark to market gain on derivative instrument (87) 0  
Share-based compensation expense 380 428  
Deferred income taxes (209) (80)  
Share of income (loss) of equity accounted investee 0 8  
Changes in operating assets and liabilities:      
Trade accounts receivables (including unbilled revenue) (3,634) 5,533  
Prepaid expenses and other assets (3,553) (3,815)  
Trade accounts payable 3,333 (1,004)  
Income taxes, net (342) (917)  
Accrued expenses and other liabilities 1,710 (5,727)  
Net cash generated from/used in by operating activities from continuing operations 2,513 (77)  
Net cash generated from/used in operating activities from discontinued operations (6,425) 1,586  
Net cash generated from operating activities (3,912) 1,509  
Investing activities      
Purchase of property, plant and equipment and intangible assets, net (2,525) (1,576)  
Net cash generated from/used in investing activities from continuing operations (2,525) (1,576)  
Net cash generated from/used in investing activities from discontinued operations (3,518) (1,271)  
Net cash generated from/used in investing activities (6,043) (2,847)  
Financing activities      
Proceeds from the issuance of common stock 17 140  
Payments of long term debt (45,466) 0  
Proceeds from a line of credit, net 594 0  
Payments of other borrowings, net (418) (558)  
Common stock repurchases 0 (1,271)  
Net cash generated from/used in financing activities from continuing operations (45,273) (1,689)  
Net cash generated from/used in financing activities from discontinued operations (132) (84)  
Net cash generated from/used in financing activities (45,405) (1,773)  
Net increase in cash and cash equivalents (55,360) (3,111)  
Effect of exchange rate changes on cash and cash equivalents and restricted cash (272) (37)  
Cash and cash equivalents and restricted cash at beginning of period 115,146 55,396 $ 55,396
Cash and cash equivalents and restricted cash at end of period 59,514 52,248 115,146
Less: Cash and cash equivalents from discontinued operations (34,572) (23,368)  
Cash and cash equivalents and restricted cash of continuing operations at end of period 24,942 28,880  
Components of cash and cash equivalents and restricted cash      
Balances with banks 15,770 25,834 $ 22,457
Restricted cash 9,172 3,046  
Total cash and cash equivalents and restricted cash 24,942 28,880  
Supplemental disclosure of cash flow information      
Cash paid for interest and other finance cost 3,759 2,313  
Cash paid for income taxes 1,103 1,675  
Supplemental disclosure of non-cash activities      
Non-cash share-based compensation expenses $ 380 $ 428