XML 20 R7.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income $ 998 $ 417
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 727 831
Bad debt expense 182 555
Deferred income taxes (51) 6
Non-cash interest expense 13 13
Stock-based compensation expense 129 268
Changes in operating assets and liabilities:    
Decrease (increase) in accounts receivable (730) (1,384)
Decrease (increase) in other assets 77 (266)
Increase (decrease) in accounts payable 164 67
Increase (decrease) in accrued expenses and other liabilities 367 (87)
Increase (decrease) in deferred revenue 203 375
Net cash provided by operating activities 2,079 795
Cash flows from investing activities:    
Purchase of VisualWebcaster Platform 0 (2,788)
Capitalized software 0 (20)
Purchase of fixed assets (4) (6)
Net cash used in investing activities (4) (2,814)
Cash flows from financing activities:    
Payment for stock repurchase and retirement (785) 0
Net cash used in financing activities (785) 0
Net change in cash 1,290 (2,019)
Cash - beginning 15,766 17,222
Currency translation adjustment 41 (7)
Cash - ending 17,097 15,196
Supplemental disclosures:    
Cash paid for income taxes 12 128
Non-cash activities:    
Right-of-use assets obtained in exchange for lease liabilities $ 0 $ 260