Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 572 $ 568
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 131 164
Net accretion of marketable securities (441) 0
Share-based compensation 145 161
Noncash lease expense 1,087 1,109
Deferred income taxes 17 (178)
Changes in assets and liabilities:    
Inventories 1,000 228
Other current assets (113) (452)
Other assets (421) (270)
Accounts payable (94) 181
Income taxes payable (3,862) (3,299)
Accrued commissions (19) (866)
Other accrued expenses 271 (4)
Deferred revenue 245 565
Amounts held in eWallets (672) (947)
Operating lease liabilities (1,151) (1,119)
Other current liabilities (62) (119)
Net cash used in operating activities (3,367) (4,278)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (57) (46)
Purchases of marketable securities (70,431) 0
Proceeds from maturities of marketable securities 40,413 0
Net cash used in investing activities (30,075) (46)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Dividends paid (9,213) (9,215)
Net cash used in financing activities (9,213) (9,215)
Effect of exchange rates on cash, cash equivalents and restricted cash 5 10
Net decrease in cash, cash equivalents and restricted cash (42,650) (13,529)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 56,217 69,746
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 13,567 56,217
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for income taxes, net 3,958 3,529
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Right-of-use assets obtained in exchange for operating lease liabilities $ 124 $ 147