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CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows from Operating Activities:    
Net (loss) income $ (4,960) $ 3,964
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation of premises and equipment 60 48
Amortization of developed software 2,990 2,944
Amortization of other intangible assets 80 80
Amortization of leased assets 0 178
Provision for bad debt 23 (46)
Share-based compensation expense 635 2,919
Gain on fair value of private warrant liability (1,421) (2,644)
Changes in operating assets and liabilities:    
Accounts receivable (4,709) (959)
Prepaid expenses and other current assets (1,389) (490)
Other assets 72 (96)
Accounts payable and accrued liabilities 6,244 1,825
Taxes payable 0 1,330
Operating lease liabilities 0 (180)
Deferred revenue (3,994) 317
Net Cash (used in) provided by Operating Activities (6,369) 9,190
Cash Flows from Investing Activities:    
Development of internal use software (1,297) (2,020)
Purchases of premises and equipment (82) (118)
Net Cash used in Investing Activities (1,379) (2,138)
Cash Flows from Financing Activities:    
Repurchase of private warrants 0 (1,977)
Payments related to net settlement of share-based compensation awards (2,429) (225)
Net Cash used in Financing Activities (2,429) (2,202)
Net (Decrease) Increase in Cash and Cash Equivalents (10,177) 4,850
Cash and Cash Equivalents – Beginning 21,108 25,704
Cash and Cash Equivalents – Ending 10,931 30,554
Supplementary Cash Flow Information:    
Income taxes paid, net of refunds 7 0
Noncash Operating, Investing, and Financing Activities:    
Conversion of private warrants to public warrants $ 20 $ 725