v3.25.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Activities    
Net income (loss) $ 1,589 $ 910
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 80 68
Stock-based compensation 251 246
(Gain) loss on real estate ventures (9) 193
Deferred income taxes 323 210
Accrued interest income (65) (48)
(Gain) loss on deferred compensation plan 5 (1)
Changes in operating assets and liabilities:    
Accounts receivable 1,690 (4)
Prepaid expenses and other current assets (167) (208)
Accrued personnel costs (3,717) (3,903)
Accounts payable and accrued liabilities 310 61
Deferred compensation plan liabilities 293 229
Other assets and liabilities (1) 6
Net cash provided by (used in) operating activities 582 (2,241)
Investing Activities    
Investments in real estate ventures (7) (23)
Distributions from real estate ventures 1 586
Purchase of deferred compensation plan securities (346) (253)
Purchase of fixed assets (163) (191)
Net cash provided by (used in) investing activities (515) 119
Financing Activities    
Distributions from sales of deferred compensation plan securities (39) 0
Proceeds from issuance of common stock related to equity awards 86 0
Payment of taxes related to the net share settlement of equity awards (578) (444)
Net cash provided by (used in) financing activities (531) (444)
Net increase (decrease) in cash and cash equivalents (464) (2,566)
Cash and cash equivalents, beginning of period 28,761 18,788
Cash and cash equivalents, end of period 28,297 16,222
Supplemental Cash Flow Information    
Interest (188) (93)
Income taxes $ 0 $ 0