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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities    
Net income $ 766 $ 1,934
Adjustments to reconcile net income to net cash provided by operating activities:    
Bad debt expense 743 406
Depreciation and amortization 2,956 1,033
Deferred income taxes (433) (278)
Stock-based compensation expense 1,365 763
Amortization of debt issuance costs 13 0
Changes in operating assets and liabilities, net of effect of business acquisition:    
Decrease (increase) in accounts receivable (1,870) (9)
Decrease (increase) in other assets 70 (282)
Increase (decrease) in accounts payable (67) 35
Increase (decrease) in deferred revenue 312 564
Increase (decrease) in accrued expenses and other liabilities (795) (147)
Net cash provided by operating activities 3,060 4,019
Cash flows from investing activities    
Purchase of fixed assets (25) (66)
Capitalized software (478) 0
Purchase of acquired business, net of cash received (See note 4) 350 (17,963)
Net cash used in investing activities (153) (18,029)
Cash flows from financing activities    
Payment for stock repurchase and retirement (see Note 8) 0 (5,000)
Payment of note payable (see Note 6) (22,000) 0
Proceeds from issuance of term loan (see Note 6) 19,988 0
Payment for capitalized debt issuance costs (88) 0
Proceeds from exercise of stock options, net of income taxes 19 91
Net cash used in financing activities (2,081) (4,909)
Net change in cash 826 (18,919)
Cash- beginning 4,832 23,852
Currency translation adjustment 56 (101)
Cash- ending 5,714 4,832
Supplemental disclosures:    
Cash paid for income taxes 1,314 954
Cash paid for interest 1,394 0
Non-cash activities:    
Issuance of secured promissory note in acquisition of Newswire (see Note 4) 0 22,000
Shares issued in acquisition of Newswire (see Note 4) $ 0 $ 3,892