Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Cash Flows (Unaudited)

v3.25.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 137 $ 361
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 59 69
Net accretion of marketable securities (214) (215)
Share-based compensation 68 75
Noncash lease expense 573 545
Deferred income taxes (3) 16
Changes in assets and liabilities:    
Inventories 525 6
Other current assets 402 (294)
Other assets (334) (101)
Accounts payable 65 (335)
Income taxes payable (4,901) (3,817)
Accrued commissions (194) 106
Other accrued expenses (110) 136
Deferred revenue (311) 1,432
Amounts held in eWallets (170) (339)
Operating lease liabilities (561) (560)
Other current liabilities (182) (104)
Net cash used in operating activities (5,151) (3,019)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (20) (30)
Purchases of marketable securities (27,552) (36,164)
Proceeds from maturities of marketable securities 34,215 3,307
Net cash provided by (used in) investing activities 6,643 (32,887)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Dividends paid (4,606) (4,606)
Net cash used in financing activities (4,606) (4,606)
Effect of exchange rates on cash, cash equivalents and restricted cash 118 (92)
Net decrease in cash, cash equivalents and restricted cash (2,996) (40,604)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 13,567 56,217
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 10,571 15,613
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Right-of-use assets obtained in exchange for operating lease liabilities $ 112 $ 196