Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Cash Flows (Unaudited)

v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (154) $ 122
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 11 30
Net accretion of marketable securities (29) (113)
Share-based compensation 0 34
Noncash lease expense 286 275
Deferred income taxes 0 (2)
Changes in assets and liabilities:    
Inventories 43 465
Other current assets (57) 182
Other assets (58) (154)
Accounts payable 719 73
Accrued commissions (268) (214)
Other accrued expenses (263) (259)
Deferred revenue (534) 501
Amounts held in eWallets (80) 12
Operating lease liabilities (294) (281)
Other current liabilities (119) (187)
Net cash provided by (used in) operating activities (797) 484
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (115) (16)
Purchases of marketable securities (1,097) (17,378)
Proceeds from maturities of marketable securities 11,156 27,365
Net cash provided by investing activities 9,944 9,971
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchase of common stock (5,870) 0
Dividends paid (858) (2,303)
Net cash used in financing activities (6,728) (2,303)
Effect of exchange rates on cash, cash equivalents and restricted cash (11) 3
Net increase in cash, cash equivalents and restricted cash 2,408 8,155
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 6,820 13,567
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 9,228 21,722
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Right-of-use assets obtained in exchange for operating lease liabilities 1,339 79
Direct costs incurred to repurchase common stock $ 92 $ 0