XML 25 R6.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows provided by operating activities:    
Net income $ 5,608 $ 3,223
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Amortization of deferred issuance costs and fees 40 111
Earnings of equity method investments (683) (4,254)
Noncash credit loss expense 90 0
Noncash lease expense 326 251
Depreciation and amortization 241 266
Deferred taxes 448 496
Stock-based compensation expense 407 214
Changes in operating assets and liabilities:    
Accounts receivable (1,937) 820
Inventory – equipment (430) (701)
Other current assets 119 274
Accounts payable and accrued liabilities (2,147) 967
Payables to sellers 4,897 (309)
Lease liabilities (316) (239)
Net cash provided by operating activities 6,663 1,119
Cash flows (used in) provided by investing activities:    
Investment in notes receivable (18,698) 0
Payments received on notes receivable 3,381 1,522
Cash received on transfer of notes receivable to partners 8,851 0
Investment in equity method investments (4,249) (6,107)
Return of investment in equity method investments 2,260 2,048
Cash distributions from equity method investments 683 4,753
Purchase of property and equipment (220) (39)
Net cash (used in) provided by investing activities (7,992) 2,177
Cash flows provided by (used in) financing activities:    
Proceeds from debt payable to third parties 11,400 0
Repayment of debt payable to third parties (7,619) (739)
Proceeds from issuance of common stock from stock option awards 33 34
Payments of tax withholdings related to cashless exercises of stock option awards (117) (32)
Repurchase of common stock 0 (105)
Net cash provided by (used in) financing activities 3,697 (842)
Net increase in cash and cash equivalents 2,368 2,454
Cash and cash equivalents as of beginning of period 12,667 13,622
Cash and cash equivalents as of end of period 15,035 16,076
Supplemental cash flow information:    
Cash paid for taxes 519 273
Cash paid for interest 244 65
Noncash change in Right-of-use assets 405 251
Noncash change in Lease liabilities $ 405 $ 239