Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.24.1.u1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 188 $ 257
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 35 46
Share-based compensation 37 46
Noncash lease expense 272 280
Deferred income taxes (32) (57)
Changes in assets and liabilities:    
Inventories (640) (490)
Other current assets 189 (78)
Other assets (101) (18)
Accounts payable (239) 338
Income taxes payable 42 40
Accrued commissions 212 (465)
Other accrued expenses 191 (76)
Deferred revenue 1,029 43
Amounts held in eWallets (208) (215)
Operating lease liabilities (284) (301)
Other current liabilities (142) (46)
Net cash provided by (used in) operating activities 549 (696)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (11) (7)
Purchases of marketable securities (28,514) 0
Net cash used in investing activities (28,525) (7)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Dividends paid (2,303) (2,304)
Net cash used in financing activities (2,303) (2,304)
Effect of exchange rates on cash, cash equivalents and restricted cash (76) (91)
Net decrease in cash, cash equivalents and restricted cash (30,355) (3,098)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 56,217 69,746
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 25,862 66,648
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Right-of-use assets obtained in exchange for operating lease liabilities $ 251 $ (78)