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, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 568 $ 313
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 164 204
Share-based compensation 161 0
Noncash lease expense 1,109 1,172
Deferred income taxes (178) 90
Changes in assets and liabilities:    
Inventories 228 680
Other current assets (452) 992
Other assets (270) (67)
Accounts payable 181 52
Income taxes payable (3,299) (1,404)
Accrued commissions (866) (654)
Other accrued expenses (4) (732)
Deferred revenue 565 (2,901)
Amounts held in eWallets (947) (1,432)
Operating lease liabilities (1,119) (1,220)
Other current liabilities (119) 55
Net cash used in operating activities (4,278) (4,852)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (46) (143)
Net cash used in investing activities (46) (143)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Dividends paid (9,215) (9,138)
Net cash used in financing activities (9,215) (9,138)
Effect of exchange rates on cash, cash equivalents and restricted cash 10 (486)
Net decrease in cash, cash equivalents and restricted cash (13,529) (14,619)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 69,746 84,365
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 56,217 69,746
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for income taxes, net 3,529 1,662
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Right-of-use assets obtained in exchange for operating lease liabilities $ 147 $ 2,234