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
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 361 $ 38
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 69 91
Net accretion of marketable securities (215) 0
Share-based compensation 75 85
Noncash lease expense 545 564
Deferred income taxes 16 (82)
Changes in assets and liabilities:    
Inventories 6 (228)
Other current assets (294) (362)
Other assets (101) (52)
Accounts payable (335) (82)
Income taxes payable (3,817) (3,076)
Accrued commissions 106 (374)
Other accrued expenses 136 68
Deferred revenue 1,432 1,270
Amounts held in eWallets (339) (541)
Operating lease liabilities (560) (595)
Other current liabilities (104) (64)
Net cash used in operating activities (3,019) (3,340)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (30) (14)
Purchases of marketable securities (36,164) 0
Proceeds from maturities of marketable securities 3,307 0
Net cash used in investing activities (32,887) (14)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Dividends paid (4,606) (4,608)
Net cash used in financing activities (4,606) (4,608)
Effect of exchange rates on cash, cash equivalents and restricted cash (92) (179)
Net decrease in cash, cash equivalents and restricted cash (40,604) (8,141)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 56,217 69,746
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 15,613 61,605
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Right-of-use assets obtained in exchange for operating lease liabilities $ 196 $ (125)