Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.22.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 313 $ 1,085
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 204 299
Noncash lease expense 1,172 1,163
Deferred income taxes 90 362
Changes in assets and liabilities:    
Inventories 680 (1,547)
Other current assets 992 (803)
Other assets (67) 68
Accounts payable 52 182
Income taxes payable (1,404) (1,753)
Accrued commissions (654) 212
Other accrued expenses (732) 20
Deferred revenue (2,901) 5,482
Amounts held in eWallets (1,432) (2,122)
Operating lease liabilities (1,220) (1,237)
Other current liabilities 55 (395)
Net cash provided by (used in) operating activities (4,852) 1,016
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (143) (225)
Net cash used in investing activities (143) (225)
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 (486) (180)
Net decrease in cash, cash equivalents and restricted cash (14,619) (8,527)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 84,365 92,892
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 69,746 84,365
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for income taxes, net 1,662 1,865
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Right-of-use assets obtained in exchange for operating lease liabilities $ 2,234 $ 472