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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income $ 545,000 $ 226,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 285,000 374,000
Bad debt expense 28,000 93,000
Deferred income taxes (15,000) (42,000)
Non-cash interest expense 0 6,000
Stock-based compensation expense 63,000 45,000
Changes in operating assets and liabilities:    
Decrease (increase) in accounts receivable (484,000) (219,000)
Decrease (increase) in other assets (16,000) 32,000
Increase (decrease) in accounts payable 287,000 118,000
Increase (decrease) in accrued expenses 398,000 (105,000)
Increase (decrease) in deferred revenue 178,000 74,000
Net cash provided by operating activities 1,269,000 602,000
Cash flows from investing activities:    
Purchase of fixed assets (16,000) 0
Net cash used in investing activities (16,000) 0
Cash flows from financing activities:    
Exercise of stock options 199,000 0
Payment for stock repurchase and retirement (452,000) (203,000)
Net cash used in financing activities (253,000) (203,000)
Net change in cash and cash equivalents 1,000,000 399,000
Cash - beginning 19,556,000 15,766,000
Currency translation adjustment (8,000) 32,000
Cash and cash equivalents - ending 20,548,000 16,197,000
Supplemental disclosures:    
Cash paid for income taxes $ 0 $ 10,000