• Filing Date: 2021-03-30
  • Form Type: 10-K
  • Description: Annual report
v3.21.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Operating Activities:    
Net income $ 446 $ 3,846
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation 314 294
Amortization of premiums and discounts on investments 65 83
Stock-based compensation expense 634 304
Impairment of intangible asset 250 0
Changes in assets and liabilities:    
Accounts receivable, net 2,423 2,893
Prepaid expenses and other current assets 41 282
Other long-term assets 142 40
Accounts payable 87 (92)
Accrued compensation 120 (1,804)
Accrued legal settlement 0 (10,000)
Other accrued liabilities (46) 26
Other long-term liabilities 104 18
Deferred revenue (312) 58
Net cash provided by (used in) operating activities 4,268 (4,052)
Investing Activities:    
Purchases of property and equipment (896) (124)
Disposal of property and equipment 0 3
Purchase of investments (13,375) (34,898)
Proceeds from sale of investments 0 9,766
Maturities of investments 13,200 33,267
Net cash provided by (used in) investing activities (1,071) 8,014
Financing Activities:    
Payment of dividend 0 (19,054)
Proceeds from exercise of stock options 191 0
Proceeds from employee stock purchase plan 37 48
Net cash provided by (used in) financing activities 228 (19,006)
Effect of exchange rate changes on cash and cash equivalents 14 (51)
Net increase (decrease) in cash and cash equivalents 3,439 (15,095)
Cash and cash equivalents at beginning of year 10,087 25,182
Cash and cash equivalents at end of year 13,526 10,087
Supplemental disclosure of cash flow information:    
Cash paid for income tax $ 135 $ 98