XML 17 R7.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
OPERATING ACTIVITIES:    
Net income $ 3,845 $ 3,247
Depreciation and amortization 1,769 691
Stock-based compensation expense 255 123
Non-cash investment expense 0 1,009
Non-cash interest income (55) (55)
Equity in loss of affiliate company 267 176
Changes in operating assets and liabilities:    
Accounts receivable, net (3,778) 623
Other current assets (114) (153)
Other long-term assets (37) (9)
Accounts payable 552 28
Accrued payroll 467 (854)
Deferred revenue, current portion (282) 4,112
Accrued expenses 33 85
Other current liabilities (2,605) 705
Deferred revenue, net of current portion 88 (14)
Net cash provided by operating activities 405 9,714
INVESTING ACTIVITIES:    
Purchases of property and equipment (2,612) (2,767)
Advances on notes and interest receivable (550) (1,000)
Proceeds from payments on notes receivable 55 0
Purchase of intangible assets (400) 0
Purchase of long-term investment (1,000) 0
Net cash used for investing activities (4,507) (3,767)
FINANCING ACTIVITIES:    
Sale of capital stock pursuant to exercise of option 107 0
Repurchases of common stock (7,759) 0
Net cash used for financing activities (7,652) 0
Effects of exchange rate changes on cash 8 (46)
Net (decrease) increase in cash (11,746) 5,901
Cash at beginning of period 37,956 26,415
Cash at end of period 26,210 32,316
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid during the period for income taxes $ 1,754 $ 0