v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net income $ 3,260 $ 4,225
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 76 383
Stock-based compensation 369 95
Deferred income tax 4 (15)
Net foreign currency effect (106) 3
Recoveries of (loss on) accounts receivable and refund reserves 206 (33)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable 434 (235)
Prepaid income taxes (63) 63
Prepaid expenses and other (418) 582
Accounts payable (144) 1,008
Merchant payables (1,651) (2,678)
Accrued expenses and other 867 (239)
Deferred revenue 1,241 1,211
Income tax payable (949) 54
Other liabilities, net 158 197
Net cash provided by operating activities 3,284 4,621
Cash flows from investing activities:    
Purchases of property and equipment (21) (35)
Net cash used in investing activities (21) (35)
Cash flows from financing activities:    
Repurchase of common stock (8,918) (3,872)
Net cash used in financing activities (8,918) (3,872)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 142 (238)
Net decrease in cash, cash equivalents and restricted cash (5,513) 476
Cash, cash equivalents and restricted cash at beginning of period 17,740 16,389
Cash, cash equivalents and restricted cash at end of period 12,227 16,865
Supplemental disclosure of cash flow information:    
Cash paid (refund) for income taxes, net 1,541 548
Right-of-use assets obtained in exchange for lease obligations—operating leases 321 235
Cash paid for amounts included in the measurement of lease liabilities 861 857
Non-cash investing and financing activities:    
Accrued excise tax for share repurchases $ 89 $ 36