Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Cash Flows (Unaudited)

v3.25.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 122 $ 188
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 30 35
Net accretion of marketable securities (113) 0
Share-based compensation 34 37
Noncash lease expense 275 272
Deferred income taxes (2) (32)
Changes in assets and liabilities:    
Inventories 465 (640)
Other current assets 182 189
Other assets (154) (101)
Accounts payable 73 (239)
Income taxes payable 7 42
Accrued commissions (214) 212
Other accrued expenses (259) 191
Deferred revenue 501 1,029
Amounts held in eWallets 12 (208)
Operating lease liabilities (281) (284)
Other current liabilities (194) (142)
Net cash provided by operating activities 484 549
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (16) (11)
Purchases of marketable securities (17,378) (28,514)
Proceeds from maturities of marketable securities 27,365 0
Net cash provided by (used in) investing activities 9,971 (28,525)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Dividends paid (2,303) (2,303)
Net cash used in financing activities (2,303) (2,303)
Effect of exchange rates on cash, cash equivalents and restricted cash 3 (76)
Net increase (decrease) in cash, cash equivalents and restricted cash 8,155 (30,355)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 13,567 56,217
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 21,722 25,862
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Right-of-use assets obtained in exchange for operating lease liabilities $ 79 $ 251