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
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 210 $ 125
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 130 156
Share-based compensation 123 0
Noncash lease expense 830 889
Deferred income taxes (117) (2)
Changes in assets and liabilities:    
Inventories (420) 140
Other current assets (425) 1,000
Other assets (92) (44)
Accounts payable (141) 228
Income taxes payable (2,923) (1,382)
Accrued commissions (315) (1,055)
Other accrued expenses (58) (540)
Deferred revenue 674 (3,209)
Amounts held in eWallets (725) (1,150)
Operating lease liabilities (812) (950)
Other current liabilities (148) 4
Net cash used in operating activities (4,209) (5,790)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (32) (130)
Net cash used in investing activities (32) (130)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Dividends paid (6,911) (6,855)
Net cash used in financing activities (6,911) (6,855)
Effect of exchange rates on cash, cash equivalents and restricted cash (145) (858)
Net decrease in cash, cash equivalents and restricted cash (11,297) (13,633)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 69,746 84,365
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 58,449 70,732
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Right-of-use assets obtained in exchange for operating lease liabilities $ 115 $ 2,218