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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows (used in) provided by operating activities:    
Net income $ 2,829 $ 645
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Amortization of deferred issuance costs and fees 34 58
Earnings of equity method investments (377) (82)
Noncash credit loss expense 102 0
Noncash lease expense 159 125
Depreciation and amortization 120 133
Deferred taxes 816 130
Stock-based compensation expense 179 106
Changes in operating assets and liabilities:    
Accounts receivable (322) (150)
Inventory – equipment 1,127 363
Prepaid expenses and other current assets (26) 232
Accounts payable and accrued liabilities (687) (1,672)
Payables to sellers 5,145 3,323
Lease liabilities (154) (118)
Net cash (used in) provided by operating activities 8,945 3,093
Cash flows (used in) provided by investing activities:    
Investment in notes receivable (13,221) 0
Payments received on notes receivable 1,071 814
Cash received on transfer of notes receivable to partners 4,613 0
Return of investment in equity method investments 975 0
Investment in equity method investments (512) (2,118)
Cash distributions from equity method investments 377 338
Purchase of property and equipment (89) (12)
Net cash used in investing activities (6,786) (978)
Cash flows provided by (used in) financing activities:    
Proceeds from debt payable to third parties 3,400 0
Repayment of debt payable to third parties (2,403) (617)
Proceeds from issuance of notes payable to third parties 5 9
Payments of tax withholdings related to cashless exercises of stock option awards (95) (32)
Net cash used in financing activities 907 (640)
Net (decrease) increase in cash and cash equivalents 3,066 1,475
Cash and cash equivalents as of beginning of period 12,667 13,622
Cash and cash equivalents as of end of period 15,733 15,097
Supplemental cash flow information:    
Cash paid for taxes (0) 7
Cash paid for interest 49 $ 32
Cumulative change in accounting principle (Note 2) $ (231)