Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (573) $ (1,923)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 95 93
Noncash lease expense 418 447
Deferred income taxes 869 0
Changes in assets and liabilities:    
Inventories 1,001 (192)
Other current assets (1,033) (1,159)
Other assets 52 (2)
Accounts payable 168 (174)
Accrued commissions (528) (3,575)
Other accrued expenses (398) (795)
Deferred revenue (521) (3,030)
Amounts held in eWallets (175) (142)
Operating lease liabilities (440) (499)
Other current liabilities 75 (241)
Long-term incentive 0 (158)
Net cash used in operating activities (990) (11,350)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (12) (46)
Net cash used in investing activities (12) (46)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Dividends paid (2,285) (2,736)
Net cash used in financing activities (2,285) (2,736)
Effect of exchange rates on cash, cash equivalents and restricted cash (240) 248
Net decrease in cash, cash equivalents and restricted cash (3,527) (13,884)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 99,425 135,651
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 95,898 121,767
SUPPLEMENTAL DISCLOSURES OF OTHER CASH FLOW INFORMATION:    
Issuance of treasury stock for employee awards, net 0 377
Right-of-use assets obtained in exchange for operating lease liabilities $ 194 $ 4,462