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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows (used in) provided by operating activities:    
Net income $ 5,523 $ 2,093
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Amortization of deferred issuance costs and fees 125 39
Earnings of equity method investments (5,960) 83
Noncash lease expense 391 408
Depreciation and amortization 400 294
Deferred taxes 1,371 (405)
Stock-based compensation expense 384 313
Changes in operating assets and liabilities:    
Accounts receivable 1,062 (1,555)
Inventory – equipment (1,602) (26)
Other assets 281 (80)
Accounts payable and accrued liabilities 1,530 (1,582)
Payables to sellers (561) (3,308)
Lease liabilities (373) (400)
Net cash provided by (used in) operating activities 2,571 (4,126)
Cash flows provided by (used in) investing activities:    
Investment in notes receivable (625) (5,856)
Payments received on notes receivable 2,446 3,388
Investment in equity method investments (8,068) (1,092)
Return of investment in equity method investments 2,945 0
Cash distributions from equity method investments 7,266 82
Purchase of property and equipment (94) (1,423)
Acquisition, net of cash acquired 0 (4,318)
Cash received on transfer of notes receivable to partners 0 1,961
Net cash provided by (used in) investing activities 3,870 (7,258)
Cash flows (used in) provided by financing activities:    
Proceeds from debt payable to third parties 0 1,300
Repayment of debt payable to third parties (2,307) (1,300)
Proceeds from issuance of notes payable to third parties 0 2,000
Proceeds from issuance of common stock from stock option awards 66 221
Payments of tax withholdings related to cashless exercises of stock option awards (44) (988)
Repurchase of common stock (296) 0
Net cash (used in) provided by financing activities (2,581) 1,233
Net increase (decrease) in cash and cash equivalents 3,860 (10,151)
Cash and cash equivalents as of beginning of period 13,622 23,385
Cash and cash equivalents as of end of period 17,482 13,234
Supplemental cash flow information:    
Cash paid for taxes 276 118
Cash paid for interest 106 6
Noncash change in Right-of-use assets 630 2,263
Noncash change in Lease liabilities $ 630 $ 2,263