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
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (605) $ 137
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 34 59
Net accretion of marketable securities (36) (214)
Share-based compensation 0 68
Noncash lease expense 599 573
Deferred income taxes 0 (3)
Changes in assets and liabilities:    
Inventories (27) 525
Other current assets 358 402
Other assets (144) (334)
Accounts payable 376 65
Accrued commissions (202) (194)
Other accrued expenses (276) (110)
Deferred revenue (1,330) (311)
Amounts held in eWallets (210) (170)
Operating lease liabilities (585) (561)
Other current liabilities (113) (5,083)
Net cash used in operating activities (2,161) (5,151)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (440) (20)
Purchases of marketable securities (8,709) (27,552)
Proceeds from maturities of marketable securities 21,566 34,215
Net cash provided by investing activities 12,417 6,643
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchase of common stock (5,870) 0
Dividends paid (1,716) (4,606)
Net cash used in financing activities (7,586) (4,606)
Effect of exchange rates on cash, cash equivalents and restricted cash 17 118
Net increase (decrease) in cash, cash equivalents and restricted cash 2,687 (2,996)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 6,820 13,567
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 9,507 10,571
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Right-of-use assets obtained in exchange for operating lease liabilities 1,356 112
Direct costs incurred to repurchase common stock $ 92 $ 0