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, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 396 $ 210
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 100 130
Net accretion of marketable securities (350) 0
Share-based compensation 109 123
Noncash lease expense 825 830
Deferred income taxes 62 (117)
Changes in assets and liabilities:    
Inventories 619 (420)
Other current assets (110) (425)
Other assets (250) (92)
Accounts payable (441) (141)
Income taxes payable (3,738) (2,923)
Accrued commissions (34) (315)
Other accrued expenses 179 (58)
Deferred revenue 641 674
Amounts held in eWallets (501) (725)
Operating lease liabilities (851) (812)
Other current liabilities (111) (148)
Net cash used in operating activities (3,455) (4,209)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (37) (32)
Purchases of marketable securities (44,839) 0
Proceeds from maturities of marketable securities 21,786 0
Net cash used in investing activities (23,090) (32)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Dividends paid (6,909) (6,911)
Net cash used in financing activities (6,909) (6,911)
Effect of exchange rates on cash, cash equivalents and restricted cash 174 (145)
Net decrease in cash, cash equivalents and restricted cash (33,280) (11,297)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 56,217 69,746
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 22,937 58,449
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Right-of-use assets obtained in exchange for operating lease liabilities $ 191 $ 115