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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
OPERATING ACTIVITIES:    
Net income $ 10,969 $ 6,244
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,012 614
Stock-based compensation expense 191 62
Gain on sale of investment (34)
Provision (benefit) for deferred income taxes 555 (280)
Non-cash investment expense 363
Non-cash interest income (49) (59)
Equity in loss of affiliate company 332 25
Changes in operating assets and liabilities:    
Accounts receivable, net (5,028) (2,523)
Other current assets 224 1,171
Other long-term assets 61 (18)
Accounts payable 131 (49)
Accrued payroll 1,358 550
Deferred revenue, current portion (92) (72)
Accrued expenses 82 (27)
Other current liabilities 961 595
Deferred revenue, net of current portion (88) 60
Other long-term liabilities
Net cash provided by operating activities 10,585 6,656
INVESTING ACTIVITIES:    
Purchases of property and equipment (1,676) (865)
Advances on note and interest receivable (2,000) (1,035)
Proceeds from sale of investments 379
Net cash used for investing activities (3,297) (1,900)
FINANCING ACTIVITIES:    
Sale of capital stock pursuant to exercise of option 210 111
Net cash provided by financing activities 210 111
Effects of exchange rate changes on cash (2) 28
Net increase in cash 7,496 4,895
Cash at beginning of year 18,919 14,024
Cash at end of year 26,415 18,919
Supplemental disclosure of cash flow information:    
Cash paid for income taxes $ 1,159