v3.24.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net loss $ (5,101) $ (6,361)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation of property and equipment 4,670 5,101
Amortization of intangible assets 2,892 2,953
Impairment of property and equipment 412 72
Stock-based compensation 9,127 7,272
Change in fair value of contingent consideration (554) (923)
Loss on disposal of property and equipment 5  
Deferred taxes 132 252
Allowance for credit losses 126 276
Changes in operating assets and liabilities:    
Accounts receivable and contract assets 4,717 7,122
Prepaid expenses and other assets (1,380) (407)
Accounts payable (424) 1,689
Accrued expenses and other liabilities 1,007 (479)
Deferred revenue 7,450 (5,932)
Net cash provided by operating activities 23,079 10,635
Cash flows from investing activities:    
Purchase of property and equipment (4,962) (4,350)
Investment in intangible and other assets (105) (440)
Business acquisition, net of cash acquired   (10,995)
Net cash used in investing activities (5,067) (15,785)
Cash flows from financing activities:    
Payment of contingent consideration liability   (1,500)
Proceeds from exercise of stock options 59 147
Repurchases of common stock (5,999) (5,595)
Payments on line of credit (3,000)  
Proceeds from line of credit   7,000
Proceeds from employee stock purchase plan 444 483
Net cash (used in) provided by financing activities (8,496) 535
Change in cash and cash equivalents 9,516 (4,615)
Effect of exchange rate on cash and cash equivalents 38 (64)
Cash and cash equivalents at beginning of year 5,703 10,479
Cash and cash equivalents at end of period 15,257 5,800
Supplemental disclosure of non-cash financing activities:    
Property and equipment purchases included in accounts payable $ 549 224
Fair value of contingent consideration for acquisitions   2,994
Fair value of common stock issued as consideration for acquisitions   $ 11,291

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