Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 96 $ (2,769)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 301 290
Noncash lease expense 1,199 1,336
Deferred income taxes 979 (3)
Changes in assets and liabilities:    
Inventories 2,193 4,104
Other current assets 923 (1,674)
Other assets 120 2
Accounts payable 206 (1,002)
Accrued commissions 136 (8,683)
Other accrued expenses (598) (1,779)
Deferred revenue (1,045) (3,485)
Amounts held in eWallets (3,163) (1,508)
Operating lease liabilities (1,120) (1,392)
Income taxes payable (1,617) (1,617)
Other current liabilities (140) (235)
Long-term incentive 0 (333)
Net cash used in operating activities (1,530) (18,748)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (147) (181)
Net cash used in investing activities (147) (181)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchase of common stock 0 (9,564)
Dividends paid (6,855) (2,736)
Net cash used in financing activities (6,855) (12,300)
Effect of exchange rates on cash, cash equivalents and restricted cash 413 (428)
Net decrease in cash, cash equivalents and restricted cash (8,119) (31,657)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 99,425 135,651
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 91,306 103,994
SUPPLEMENTAL DISCLOSURES OF OTHER CASH FLOW INFORMATION:    
Issuance of treasury stock for employee awards, net 0 8,289
Right-of-use assets obtained in exchange for operating lease liabilities $ 2,724 $ 5,058