v3.24.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
Mar. 31, 2024
Sep. 30, 2023
Mar. 31, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
OPERATING ACTIVITIES:              
Net income (loss) $ 3,122 $ (241) $ (2,749) $ (401) $ 4,555 $ (4,982) $ (48,700)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:              
Depreciation and amortization         11,138 10,672  
Lease amortization         1,502 1,618  
Deferred revenue         3 221  
Provision for expected credit losses         284 389 454
Provision for deferred income taxes         81  
Foreign exchange (gain) loss         (114) 596  
Interest accretion         465 493  
Stock-based compensation expense (benefit) 252   1,209   (191) 3,783  
Changes in operating assets and liabilities:              
Accounts receivable         (388) 1,889  
Contract asset         477 (549)  
Inventory         (49) (97)  
Other assets         (63) (117)  
Accounts payable and other liabilities         (2,206) (2,276)  
Net cash provided by operating activities         15,413 11,721  
INVESTING ACTIVITIES:              
Purchases of property and equipment         (759) (2,687)  
Capitalized software and other intangible assets         (4,385) (6,635)  
Net cash used in investing activities         (5,144) (9,322)  
FINANCING ACTIVITIES:              
Preferred stock dividends paid         (11,691)  
Settlement of tax withholding obligations on stock issued to employees         (200) (1,425)  
Repayments of notes payable         (478) (717)  
Proceeds from issuance of Series B Preferred Stock, net of expenses         1,427  
Proceeds from line of credit         14,700  
Repayment of line of credit         (10,000) (10,700)  
Net cash used in financing activities         (10,678) (8,406)  
EFFECT OF EXCHANGE RATE CHANGES ON CASH         (140) 114  
NET DECREASE IN CASH         (549) (5,893) (9,000)
CASH - Beginning of the period   $ 3,331   $ 12,299 3,331 12,299 12,299
CASH - End of the period 2,782   6,406   2,782 6,406 $ 3,331
SUPPLEMENTAL NONCASH INVESTING AND FINANCING ACTIVITIES:              
Dividends declared, not paid $ 5   $ 4,125   5 4,125  
Purchase of prepaid insurance with assumption of note         685 620  
Reclass of deposits for property and equipment placed in service         296  
SUPPLEMENTAL INFORMATION - Cash paid during the period for:              
Income taxes         145 131  
Interest         $ 642 $ 630  

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