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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income $ 1,651,000 $ 998,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 565,000 727,000
Bad debt expense 163,000 182,000
Deferred income taxes (10,000) (51,000)
Non-cash interest expense 0 13,000
Stock-based compensation expense 132,000 129,000
Changes in operating assets and liabilities:    
Decrease (increase) in accounts receivable (1,262,000) (730,000)
Decrease (increase) in other assets (43,000) 77,000
Increase (decrease) in accounts payable 454,000 164,000
Increase (decrease) in accrued expenses (87,000) 367,000
Increase (decrease) in deferred revenue 518,000 203,000
Net cash provided by operating activities 2,081,000 2,079,000
Cash flows from investing activities:    
Capitalized software (161) 0
Purchase of fixed assets (40,000) (4,000)
Net cash used in investing activities (201,000) (4,000)
Cash flows from financing activities:    
Exercise of stock options 219,000 0
Payment for stock repurchase and retirement (452,000) (785,000)
Net cash used in financing activities (233,000) (785,000)
Net change in cash and cash equivalents 1,647,000 1,290,000
Cash - beginning 19,556,000 15,766,000
Currency translation adjustment (44,000) 41,000
Cash and cash equivalents - ending 21,159,000 17,097,000
Supplemental disclosures:    
Cash paid for income taxes $ 664,000 $ 12,000