Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,085 $ 843
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 299 410
Noncash lease expense 1,163 1,532
Deferred income taxes 362 1,339
Changes in assets and liabilities:    
Inventories (1,547) 2,700
Other current assets (803) 2,322
Other assets 68 181
Accounts payable 182 (102)
Income taxes payable (1,753) (311)
Accrued commissions 212 566
Other accrued expenses 20 (471)
Deferred revenue 5,482 (1,433)
Amounts held in eWallets (2,122) (4,491)
Operating lease liabilities (1,237) (1,427)
Other current liabilities (395) 227
Net cash provided by operating activities 1,016 1,885
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (225) (211)
Net cash used in investing activities (225) (211)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Dividends paid (9,138) (9,138)
Net cash used in financing activities (9,138) (9,138)
Effect of exchange rates on cash, cash equivalents and restricted cash (180) 931
Net decrease in cash, cash equivalents and restricted cash (8,527) (6,533)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 92,892 99,425
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 84,365 92,892
SUPPLEMENTAL DISCLOSURES OF OTHER CASH FLOW INFORMATION:    
Cash paid (refunded) for income taxes, net 1,865 (2,097)
Right-of-use assets obtained in exchange for operating lease liabilities $ 472 $ 2,747