v3.25.2
Condensed 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 $ 462 $ 7,181
Adjustments to reconcile net income to net cash (used in) provided by operating activities    
Depreciation and amortization 382 475
Amortization of operating lease right-of-use assets 92 176
Provision for expected credit losses 0 61
Deferred income tax expense 102 1,088
Gain on sale of businesses 0 (7,157)
Share-based compensation expense 27 128
Changes in operating assets and liabilities:    
Accounts receivable (11,929) (6,288)
Prepaid expenses and other current assets 108 (283)
Accounts payable 5,071 2,105
Operating lease liabilities (185) (176)
Accrued expenses, other current liabilities, due to affiliates and customer incentives and deposits 1,826 4,610
Net cash (used in) provided by operating activities of continuing operations (4,044) 1,920
Net cash used in operating activities of discontinued operations 0 (1,305)
Net cash (used in) provided by operating activities (4,044) 615
Cash flows from investing activities    
Purchases of property and equipment and capitalized software (525) (431)
Proceeds from the sale of joint ventures, net of cash transferred 0 (446)
Net cash used in investing activities of continuing operations (525) (877)
Net cash used in investing activities of discontinued operations 0 (1)
Net cash used in investing activities (525) (878)
Cash flows from financing activities    
Borrowings under line of credit 31,553 25,780
Repayments under line of credit (27,263) (23,657)
Payments of notes to seller 0 (1,120)
Payments on term debt 0 (1,503)
Net cash provided by (used in) financing activities of continuing operations 4,290 (500)
Net cash provided by financing activities of discontinued operations 0 6,844
Net cash provided by financing activities 4,290 6,344
Effect of foreign exchange rate changes on cash 0 (171)
Net change in cash, cash equivalents (279) 5,910
Cash and cash equivalents at beginning of period 18,221 10,719
Cash and cash equivalents at end of period 17,942 16,629
Less cash and cash equivalents of discontinued operations 0 11,203
Cash and cash equivalents of continuing operations 17,942 5,426
Supplemental disclosure of cash flows information:    
Cash paid for interest 429 523
Cash paid for income taxes $ 0 $ 209