v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Operating Activities    
Net income (loss) $ 17,051 $ 14,560
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 306 302
Stock-based compensation 1,060 945
(Gain) loss on real estate ventures 1 297
Distributions from real estate ventures 0 82
Deferred income taxes (4,174) (3,835)
Accrued interest income (67) (70)
(Gain) loss on disposal of fixed assets 4 0
Deferred compensation plan assets 20 3
Changes in operating assets and liabilities:    
Accounts receivable (12,430) (2,291)
Prepaid expenses and other current assets (272) (7)
Accrued personnel costs 2,887 271
Accounts payable and accrued liabilities 67 (57)
Deferred compensation plan liabilities 352 455
Other assets and liabilities (8) 20
Net cash provided by (used in) operating activities 4,797 10,675
Investing Activities    
Investments in real estate ventures (57) (140)
Distributions from real estate ventures 289 586
Capitalized expenses for real estate ventures (1,249) 0
Purchase of deferred compensation plan securities (477) (428)
Proceeds from sales of deferred compensation plan securities 112 0
Purchase of fixed assets (380) (368)
Net cash provided by (used in) investing activities (1,762) (350)
Financing Activities    
Proceeds from issuance of common stock related to equity awards 112 226
Payment of taxes related to the net share settlement of equity awards (626) (578)
Net cash provided by (used in) financing activities (514) (352)
Net increase (decrease) in cash and cash equivalents 2,521 9,973
Cash and cash equivalents, beginning of period 28,761 18,788
Cash and cash equivalents, end of period 31,282 28,761
Supplemental Cash Flow Information    
Interest (809) (602)
Income taxes $ 0 $ 3