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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities    
Net income $ 686 $ 837
Adjustments to reconcile net income to net cash provided by operating activities:    
Bad debt expense 753 359
Depreciation and amortization 1,667 1,397
Deferred income taxes (528) (336)
Non-cash interest expense 25 25
Stock-based compensation expense 523 629
Changes in operating assets and liabilities:    
Decrease (increase) in accounts receivable (1,210) (645)
Decrease (increase) in deposits and prepaid assets 362 743
Increase (decrease) in accounts payable (117) (322)
Increase (decrease) in deferred revenue 559 296
Increase (decrease) in accrued expenses 144 (114)
Net cash provided by operating activities 2,864 2,869
Cash flows from investing activities    
Purchase of acquired business, net of cash received (See Note 4) (2,788) (1,123)
Purchase of fixed assets (420) (51)
Capitalized software (20) (21)
Net cash used in investing activities (3,228) (1,195)
Cash flows from financing activities    
Payment for stock repurchase and retirement (see Note 7) (773) (2,635)
Payment on notes payable (See Note 4) (320) (288)
Proceeds from secondary stock offering (see Note 7) 0 13,323
Proceeds from exercise of stock options, net of income taxes 0 747
Payment of dividend 0 (460)
Net cash provided by (used in) financing activities (1,093) 10,687
Net change in cash (1,457) 12,361
Cash - beginning 17,222 4,917
Currency translation adjustment 1 (56)
Cash - ending 15,766 17,222
Supplemental disclosures:    
Cash paid for income taxes 340 66
Non-cash activities:    
Right-of-use assets obtained in exchange for lease liabilities $ 2,856 $ 0