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, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 257 $ (105)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 46 53
Share-based compensation 46 0
Noncash lease expense 280 302
Deferred income taxes (57) (9)
Changes in assets and liabilities:    
Inventories (490) 350
Other current assets (78) (332)
Other assets (18) (3)
Accounts payable 338 64
Income taxes payable 40 53
Accrued commissions (465) (1,129)
Other accrued expenses (76) (592)
Deferred revenue 43 (447)
Amounts held in eWallets (215) (253)
Operating lease liabilities (301) (296)
Other current liabilities (46) (4)
Net cash used in operating activities (696) (2,348)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (7) (40)
Net cash used in investing activities (7) (40)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Dividends paid (2,304) (2,285)
Net cash used in financing activities (2,304) (2,285)
Effect of exchange rates on cash, cash equivalents and restricted cash (91) (228)
Net decrease in cash, cash equivalents and restricted cash (3,098) (4,901)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 69,746 84,365
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 66,648 79,464
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Right-of-use assets obtained in exchange for operating lease liabilities $ (78) $ 0