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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities    
Net income $ 1,934,000 $ 3,291,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Bad debt expense 406,000 257,000
Depreciation and amortization 1,033,000 1,143,000
Deferred income taxes (278,000) (106,000)
Stock-based compensation expense 763,000 333,000
Changes in operating assets and liabilities:    
Decrease (increase) in accounts receivable (9,000) (1,042,000)
Decrease (increase) in other assets (282,000) (160,000)
Increase (decrease) in accounts payable 35,000 393,000
Increase (decrease) in deferred revenue 564,000 887,000
Increase (decrease) in accrued expenses and other liabilities (147,000) (265,000)
Net cash provided by operating activities 4,019,000 4,731,000
Cash flows from investing activities    
Purchase of fixed assets (66,000) (62,000)
Capitalized software 0 (215,000)
Purchase of acquired business, net of cash received (See note 4) (17,963,000) 0
Net cash used in investing activities (18,029,000) (277,000)
Cash flows from financing activities    
Payment for stock repurchase and retirement (see Note 7) (5,000,000) (453,000)
Proceeds from exercise of stock options, net of income taxes 91,000 307,000
Net cash used in financing activities (4,909,000) (146,000)
Net change in cash (18,919,000) 4,308,000
Cash- beginning 23,852,000 19,556,000
Currency translation adjustment (101,000) (12,000)
Cash- ending 4,832,000 23,852,000
Supplemental disclosures:    
Cash paid for income taxes 954,000 1,050,000
Shares issued in acquisition of Newswire (see Note 4) 3,892 0
Issuance of secured promissory note in acquisition of Newswire (see Note 4) $ 22,000,000 $ 0