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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net income $ 12,468 $ 6,629
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 1,893 2,189
Stock-based compensation 1,568 1,805
Deferred income tax 48 774
Impairment of intangible assets and goodwill 0 200
Loss on sale of long-lived assets 10 47
Gain on sale of equity investment in WeGo 0 (196)
Net foreign currency effect (62) 232
Net recoveries of accounts receivable and refund reserves (1,016) (4,367)
Changes in operating assets and liabilities:    
Accounts receivable 1,086 1,317
Prepaid income taxes 1,189 1,452
Prepaid expenses and other 3,835 1,627
Accounts payable (523) 902
Merchant payables (12,095) (35,228)
Accrued expenses and other (876) (496)
Income tax payable 749 (162)
Other liabilities 2,401 154
Net cash provided by (used in) operating activities 10,675 (23,121)
Cash flows from investing activities:    
Purchases of intangible assets 0 (1,049)
Proceeds from repayment of note receivable 216 0
Proceeds from sale of equity investment in WeGo 0 196
Purchases of property and equipment (255) (462)
Net cash used in investing activities (39) (1,315)
Cash flows from financing activities:    
Repurchase of common stock (16,781) (1,642)
Proceeds from issuance of common stock 3,000 0
Proceeds from short swing settlement 0 46
Proceeds from issuance of common stock 0 1,006
Proceeds from exercise of stock options, net of taxes paid for net share settlement of equity awards (369) 1,872
Net cash provided by (used in) financing activities (14,150) 1,282
Effect of exchange rate changes on cash and cash equivalents 525 (2,457)
Net decrease in cash, cash equivalents and restricted cash (2,989) (25,611)
Cash, cash equivalents and restricted cash at beginning of year 19,378 44,989
Cash, cash equivalents and restricted cash at end of year 16,389 19,378
Supplemental disclosure of cash flow information:    
Cash paid (refund) for income taxes, net (1) 1,147
Right-of-use assets obtained in exchange for lease obligations—operating leases 602 1,652
Cash paid for amounts included in the measurement of lease liabilities 3,235 3,224
Non-cash investing and financing activities:    
Accrued excise tax for share repurchases 152 0
Non-cash consideration for purchase of intangible asset 0 1,150
Common stock issued for Metaverse Travel Experience, Inc. assets 0 63
Common stock issued for note receivable from shareholder 0 4,753
Common stock issued for tax indemnification $ 0 $ 9,537