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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income $ 1,378 $ 814
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 120 166
Gain on disposal of fixed assets (10) 0
Provision for credit losses 222 21
Change in fair value of contingent consideration (8) 265
Changes in operating assets and liabilities:    
Accounts receivable (1,844) (3,718)
Contract assets (3,679) 889
Prepaid and other current assets 788 (232)
Other assets (274) 0
Accounts payable 877 513
Accrued expenses (670) (1,248)
Accrued income taxes 574 242
Deferred revenue (21) 2,888
Other current liabilities (49) 146
Other long-term liabilities 24 (245)
Net cash (used in) provided by operating activities (2,572) 501
Cash flows from investing activities:    
Purchases of property and equipment (10) (177)
Net cash used in investing activities (10) (177)
Cash flows from financing activities:    
Proceeds from loan facility 4,250 0
Contingent consideration (13) (582)
Deferred transaction costs (364) 0
Net cash provided by (used in) financing activities 3,873 (582)
Effect of exchange rate fluctuations on cash 27 75
Net increase (decrease) in cash 1,318 (183)
Cash, beginning of period 4,421 5,478
Cash, end of period $ 5,739 $ 5,295