XML 18 R7.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
CONSOLIDATED STATEMENTS OF CASH FLOWS - (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,180 $ 604
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 416 387
Operating Right Of Use Lease Liabilities Net 402 415
Provision for inventory losses 32 73
Provision for (reversal of) allowance for credit losses (75) 112
Charge related to stock-based compensation 212 234
Deferred income taxes 6 437
Changes in operating assets and liabilities:    
Accounts receivable (154) (27)
Income tax receivable 15 (26)
Inventories 824 (667)
Prepaid expenses and other current assets (909) (504)
Deferred commissions 294 (49)
Deferred Freight (158) (123)
Other assets 872 1,302
Accounts payable (1,085) (701)
Increase (Decrease) in Other Operating Liabilities (408) (451)
Taxes payable 401 (1,301)
Commissions and incentives payable 244 992
Deferred revenue (551) 398
Net cash provided by operating activities 1,874 1,351
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of property and equipment (61) (104)
Net cash used in investing activities (61) (104)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment of cash dividends 0 (375)
Repayment of finance lease obligations and other long-term liabilities (250) (194)
Net cash used in financing activities (250) (558)
Effect of currency exchange rate changes on cash and cash equivalents (1,408) (795)
Net increase (decrease) in cash, cash equivalents, and restricted cash 155 (106)
Cash, cash equivalents, and restricted cash at the beginning of the period 9,387 15,197
Cash, cash equivalents, and restricted cash at the end of the period 9,542 15,091
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability 205 181
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability 0 1,181
Interest Paid, Excluding Capitalized Interest, Operating Activities 23 6
Income Taxes Paid, Net 73 1,895
Capital Expenditures Incurred but Not yet Paid 446 497
Proceeds from Stock Options Exercised $ 0 $ 11