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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income $ 2,675,000 $ 1,787,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 854,000 1,052,000
Bad debt expense 236,000 242,000
Deferred income taxes (14,000) (27,000)
Non-cash interest expense 0 19,000
Stock-based compensation expense 232,000 201,000
Changes in operating assets and liabilities:    
Decrease (increase) in accounts receivable (767,000) (634,000)
Decrease (increase) in other assets (273,000) 191,000
Increase (decrease) in accounts payable 365,000 89,000
Increase (decrease) in accrued expenses (489,000) 195,000
Increase (decrease) in deferred revenue 500,000 285,000
Net cash provided by operating activities 3,319,000 3,400,000
Cash flows from investing activities:    
Capitalized software (215,000) 0
Purchase of fixed assets (49,000) (15,000)
Net cash used in investing activities (264,000) (15,000)
Cash flows from financing activities:    
Exercise of stock options 274,000 66,000
Payment for stock repurchase and retirement (452,000) (785,000)
Net cash used in financing activities (178,000) (719,000)
Net change in cash and cash equivalents 2,877,000 2,666,000
Cash - beginning 19,556,000 15,766,000
Currency translation adjustment (18,000) (3,000)
Cash and cash equivalents - ending 22,415,000 18,429,000
Supplemental disclosures:    
Cash paid for income taxes $ 893,000 $ 323,000