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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating Activities:    
Net income (loss) $ (2,590) $ 4,169
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 164 136
Stock-based compensation 174 24
Penalties on dividends 0 6
Noncash lease costs 186 364
Changes in operating assets and liabilities:    
Accounts receivable 536 (737)
Prepaid expenses and other assets (514) (45)
Accounts payable and accrued expenses 134 (621)
Deferred revenue (457) (361)
Net cash provided by (used in) operating activities (2,367) 2,935
Investing Activities:    
Purchases of property and equipment (153) (183)
Net cash used for investing activities (153) (183)
Financing Activities:    
Proceeds from PPP loan payable 629 0
Payments on loan from officer 0 (1,815)
Proceeds from stock options exercised 193 236
Payments of dividends (99) (667)
Reduction of finance lease liability (32) (47)
Net cash provided by (used in) financing activities 691 (2,293)
Net increase (decrease) in cash and cash equivalents (1,829) 459
Cash and cash equivalents at beginning of period 3,334 1,652
Cash and cash equivalents at end of period 1,505 2,111
SUPPLEMENTAL DISCLOSURE OF NON CASH FINANCING ACTIVITIES:    
Preferred stock dividends accrued 79 103
Conversion of preferred stock to common $ 1,843 $ 0