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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows provided by operating activities:    
Net income $ 7,585 $ 5,523
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Amortization of deferred issuance costs and fees 76 125
Earnings of equity method investments (675) (5,960)
Noncash credit loss expense 632 0
Noncash lease expense 483 391
Depreciation and amortization 373 400
Deferred taxes 1,170 1,371
Stock-based compensation expense 582 384
Changes in operating assets and liabilities:    
Accounts receivable (1,910) 1,062
Inventory – equipment 173 (1,602)
Other current assets 428 281
Accounts payable and accrued liabilities (2,869) 1,530
Payables to sellers 6,996 (561)
Lease liabilities (469) (373)
Net cash provided by operating activities 12,575 2,571
Cash flows (used in) provided by investing activities:    
Investment in notes receivable (27,636) (625)
Payments received on notes receivable 6,147 2,446
Cash received on transfer of notes receivable to partners 8,851 0
Investment in equity method investments (6,465) (8,068)
Return of investment in equity method investments 4,124 2,945
Cash distributions from equity method investments 675 7,266
Purchase of property and equipment (237) (94)
Net cash (used in) provided by investing activities (14,541) 3,870
Cash flows provided by (used in) financing activities:    
Proceeds from debt payable to third parties 13,000 0
Repayment of debt payable to third parties (8,039) (2,307)
Proceeds from issuance of common stock from stock option awards 36 66
Payments of tax withholdings related to issuance of restricted common stock and stock option awards (120) (44)
Repurchase of common stock 0 (296)
Net cash provided by (used in) financing activities 4,877 (2,581)
Net increase in cash and cash equivalents 2,911 3,860
Cash and cash equivalents as of beginning of period 12,667 13,622
Cash and cash equivalents as of end of period 15,578 17,482
Supplemental cash flow information:    
Cash paid for taxes 547 276
Cash paid for interest 323 106
Noncash change in Right-of-use assets 405 630
Noncash change in Lease liabilities $ 405 $ 630