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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities    
Net income $ 3,291,000 $ 2,106,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Bad debt expense 257,000 304,000
Depreciation and amortization 1,143,000 1,348,000
Deferred income taxes (106,000) 312,000
Non-cash interest expense 0 19,000
Stock-based compensation expense 333,000 273,000
Gain on extinguishment of debt 0 (80,000)
Changes in operating assets and liabilities:    
Decrease (increase) in accounts receivable (1,042,000) (761,000)
Decrease (increase) in other assets (160,000) 177,000
Increase (decrease) in accounts payable 393,000 37,000
Increase (decrease) in deferred revenue 887,000 391,000
Increase (decrease) in accrued expenses and other liabilities (265,000) 260,000
Net cash provided by operating activities 4,731,000 4,386,000
Cash flows from investing activities    
Purchase of fixed assets (62,000) (27,000)
Capitalized software (215,000) 0
Net cash used in investing activities (277,000) (27,000)
Cash flows from financing activities    
Payment for stock repurchase and retirement (see Note 7) (453,000) (785,000)
Payment on notes payable 0 (240,000)
Proceeds from exercise of stock options, net of income taxes 307,000 451,000
Net cash used in financing activities (146,000) (574,000)
Net change in cash 4,308,000 3,785,000
Cash- beginning 19,556,000 15,766,000
Currency translation adjustment (12,000) 5,000
Cash and cash equivalents - ending 23,852,000 19,556,000
Supplemental disclosures:    
Cash paid for income taxes $ 1,050,000 $ 458,000