ASURE SOFTWARE INC
For the period ended Dec 31, 2024. Filed Mar 6, 2025.
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FY2024 · Filed Mar 6, 2025
ASUR$10.28-1.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(11,773) | $(9,214) |
| Adjustments to reconcile loss to net cash provided by operations: | ||
| Depreciation and amortization | 22,142 | 19,135 |
| Amortization of operating lease assets | 1,386 | 1,481 |
| Amortization of debt financing costs and discount | 726 | 820 |
| Non-cash interest expense | 298 | 1,471 |
| Net accretion of discounts and amortization of premiums on available-for-sale securities | (377) | (119) |
| Provision for expected losses | 46 | 2,047 |
| Provision for deferred income taxes | 884 | 225 |
| Loss on extinguishment of debt | — | 990 |
| Net realized gains on sales of available-for-sale securities | (2,609) | (2,257) |
| Share-based compensation | 6,444 | 5,430 |
| Loss on disposals of long-term assets | — | 132 |
| Change in fair value of contingent purchase consideration | — | 175 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (3,998) | (4,126) |
| Inventory | (41) | 97 |
| Prepaid expenses and other assets | (1,886) | 5,101 |
| Operating lease right-of-use assets | — | 546 |
| Accounts payable | (1,206) | 376 |
| Accrued expenses and other long-term obligations | (1,103) | 87 |
| Operating lease liabilities | (1,555) | (1,118) |
| Deferred revenue | 2,010 | (2,379) |
| Net cash provided by operating activities | 9,388 | 18,900 |
| Cash flows from investing activities: | ||
| Acquisition of intangible assets | (13,256) | (7,651) |
| Purchases of property and equipment | (692) | (1,585) |
| Software capitalization costs | (10,187) | (7,027) |
| Purchases of available-for-sale securities | (15,643) | (27,647) |
| Proceeds from sales and maturities of available-for-sale securities | 20,522 | 14,385 |
| Net cash used in investing activities | (19,256) | (29,525) |
| Cash flows from financing activities: | ||
| Proceeds from notes payable, net of issuance costs | 4,995 | — |
| Payments of notes payable | (420) | (35,627) |
| Debt extinguishment costs | — | (250) |
| Net proceeds from issuance of common stock | 1,370 | 46,800 |
| Capital raise fees | (132) | (338) |
| Payments made on amounts due for the acquisition of intangibles | (1,513) | (311) |
| Net change in client fund obligations | (26,342) | 13,931 |
| Net cash provided by (used in) financing activities | (22,042) | 24,205 |
| Net increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents | (31,910) | 13,580 |
| Cash, cash equivalents, restricted cash and restricted cash equivalents, beginning of period | 177,622 | 164,042 |
| Cash, cash equivalents, restricted cash and restricted cash equivalents, end of period | $145,712 | $177,622 |
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Reconciliation of cash, cash equivalents, restricted cash, and restricted cash equivalents to the Consolidated Balance Sheets | ||
| Cash and cash equivalents | $21,425 | $30,317 |
| Restricted cash and restricted cash equivalents included in funds held for clients | 124,287 | 147,305 |
| Total cash, cash equivalents, restricted cash, and restricted cash equivalents | $145,712 | $177,622 |
| Supplemental information: | ||
| Cash paid for interest | $— | $3,140 |
| Cash paid for income taxes | $18 | $432 |
| Non-cash investing and financing activities: | ||
| Acquisition of intangible assets | $5,338 | $357 |
| Notes payable issued for acquisitions | $3,107 | $1,209 |
| Shares issued for acquisitions | $9,125 | $2,543 |
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