v3.25.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities:    
Net income $ 593,000 $ 667,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 332,000 311,000
Fair market value gain on digital assets (96,000)
Rounding adjustment on treasury stock (1,000)
Stock-based compensation expense 11,000
Deferred tax benefit 40,000 16,000
Bad debt expense 2,000 33,000
Changes in operating assets and liabilities:    
Accounts receivable (236,000) (126,000)
Inventory (110,000) (55,000)
Prepaid expenses and other assets (41,000) (697,000)
Accounts payable 281,000 128,000
Accrued expenses and other current liabilities 442,000 738,000
Deferred revenue 623,000 853,000
Right of use assets and liabilities, net (16,000) (11,000)
Net cash provided by operating activities 1,813,000 1,868,000
Investing activities:    
Purchases of property, equipment and software development costs (63,000) (91,000)
Net cash used in investing activities (63,000) (91,000)
Financing activities:    
Repayments of finance lease obligations (7,000) (7,000)
Proceeds from stock option exercise 80,000 74,000
Private purchase of common shares (1,027,000)
Stock repurchase under Stock Buyback Plan (634,000) (858,000)
Net cash used in financing activities (561,000) (1,818,000)
Net change in cash 1,189,000 (41,000)
Cash at beginning of period 2,012,000 2,641,000
Cash at end of period $ 3,201,000 $ 2,600,000