v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 250 $ (1,516)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 521 341
Noncash operating lease expense 537 274
Change in allowance for credit losses 360 (288)
Noncash interest accretion 23 72
Stock-based compensation 40 170
Changes in operating assets and liabilities:    
Accounts receivable, net (4,331) 4,496
Accounts receivable – related parties, net 172 25
Inventory (1,347) 808
Prepaid corporate taxes 29 30
Prepaid expenses (82) 336
Deposits (44) (193)
Other assets 252
Accounts payable and accrued expenses 590 (871)
Accrued payroll and related 531 (1,357)
Unearned revenue 395 (262)
Rewards program liability 3,000 2,475
Sales tax payable (38) (117)
Corporate taxes payable 9
Operating lease liabilities (333) (256)
Net cash provided by operating activities 534 4,167
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to property and equipment (202) (364)
Proceeds from sale of investments 4,400 4,608
Purchase of investments (493) (3,836)
Net cash provided by investing activities 3,705 408
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment of contingent earn-out liabilities (151)
Payment of installment payment liabilities (230) (760)
Payment for stock repurchase (146)
Net cash used in financing activities (527) (760)
NET INCREASE IN CASH 3,712 3,815
CASH AND CASH EQUIVALENTS - BEGINNING 9,358 8,059
CASH AND CASH EQUIVALENTS - ENDING 13,070 11,874
Cash paid during the period for:    
Interest 24
Income taxes 67 29
Noncash investing and financing activities:    
Right of use assets obtained in exchange for lease liabilities $ 2,077

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