Cash Flow

v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating activities:    
Net loss $ (60) $ (4,873)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 2,699 2,440
Stock-based compensation 1,022 338
Amortization of debt issuance costs 141 108
Deferred taxes 349 (125)
Changes in operating assets and liabilities:    
Accounts receivable 1,148 5,092
Inventory   568
Other current assets (809) (958)
Due from related parties   (35)
Security deposits 3 (32)
Other assets (164) (807)
Accounts payable 392 (859)
Accrued expenses 2,537 (3,560)
Operating lease liabilities and right-of-use assets 88 140
Deferred gift card and license revenue (360) (540)
Net cash provided by (used in) operating activities 6,986 (3,103)
Investing activities:    
Purchase of property and equipment (2,615) (791)
Net cash used in investing activities (2,615) (791)
Financing activities:    
Repayments of long-term debt (40) (216)
Debt issuance costs (35) (48)
Exercise of stock options   38
Tax-withholding obligation on stock based compensation (154)  
Purchase of non-controlling interests (75)  
Net cash used in financing activities (304) (226)
Effect of exchange rate changes on cash (17) (64)
Net increase (decrease) in cash and cash equivalents 4,050 (4,184)
Cash and cash equivalents, beginning of period 24,385 12,344
Cash and cash equivalents, end of period 28,435 8,160
Supplemental disclosure of cash flow data:    
Interest paid $ 1,022 704
Income taxes paid   $ 85

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