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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income $ 1,787 $ 617
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,052 1,261
Bad debt expense 242 700
Deferred income taxes (27) (46)
Non-cash interest expense 19 19
Stock-based compensation expense 201 396
Changes in operating assets and liabilities:    
Decrease (increase) in accounts receivable (634) (1,166)
Decrease (increase) in other assets 191 (117)
Increase (decrease) in accounts payable 89 26
Increase (decrease) in accrued expenses and other liabilities 195 (56)
Increase (decrease) in deferred revenue 285 321
Net cash provided by operating activities 3,400 1,955
Cash flows from investing activities:    
Purchase of VisualWebcaster Platform 0 (2,788)
Capitalized software 0 (20)
Purchase of fixed assets (15) (302)
Net cash used in investing activities (15) (3,110)
Cash flows from financing activities:    
Proceeds from exercise of stock options, net of income taxes 66 0
Payment for stock repurchase and retirement (785) (236)
Net cash used in financing activities (719) (236)
Net change in cash 2,666 (1,391)
Cash - beginning 15,766 17,222
Currency translation adjustment (3) (24)
Cash - ending 18,429 15,807
Supplemental disclosures:    
Cash paid for income taxes 323 218
Non-cash activities:    
Right-of-use assets obtained in exchange for lease liabilities $ 0 $ 260