We’re good in assist. We’ve got almost $32 million in cash. The cash flow is fine. So we’ll continue pretty much doing what we’re doing, which is growing our processing business outside of the Goldman business. I guess I just mentioned, we have bought back up, I think $1.5 million worth of stock in the first nine months. If we had known what was going to happen with the Goldman professional services, we’d have been better stock pickers and probably bought it back at some of the prices in the mid 20s that we bought it at. We may be back in the market in the next — in the month of December, if the stock takes a big hit. That’s because we’re very comfortable with our long-term outlook. And we’ll just have to settle through the Goldman issues here and then we’ll continue what we’re doing.
Yeah, I don’t have a lot of additional comments. I think Matt covered about everything. Maybe I will focus on one thing. He mentioned that we had third-party revenue. I think you said about $1.3 million from ParkMobile and that is going away completely. That was very, very little profit, but GAAP accounting requires us to put that on the top line as revenue. It’s a program we entered into many years ago that we knew it was not going to be a highly profitable but wanted to do with us to expand our services. So that goes away not because they left us, because they didn’t like us, but they were bought by much bigger companies who has the ability to take care of this little part of what they were doing with us that they couldn’t have done with their old platform in the past.
So that will be a hit to revenue, but it will not be a hit to profit. I will say that we continue to not expect — well, we’re no longer really expanding in terms of employees at this point because we’re going to have extra resources as a result of using fewer at Goldman. But we’re not growing the base. We have, I think, 1,060 employees in India as of the end of October, that we had a few more than that the previous mark. We don’t expect that to go down very much, but we can use those with the other customers that we’re working with. And with that, I’ll just see if there are any questions. And as usual, we’re always open to along the way once you’ve had time to digest the Q and the reports and have other questions. So operator, let’s turn it over to questions.
Operator: [Operator Instructions]. Thank you. We’ll be now be conducting a question-and-answer session. Hal Goetsch from B. Riley Securities.
Hal Goetsch: Hey, good morning, guys. Thanks for the call. I wanted to start with two questions. One is additional banks. What is the kind of environment we’ve had with the turmoil in the banking sector done to your pipeline? And as it relates to that, with a new platform coming out maybe next year is that our prospective customers are waiting for that platform to come out? That’s my first kind of side questions.
Leland Strange: Yeah, no one’s waiting on the platform, right? They just wanted to get the job done. The platform is for something else, but I will emphasize, and thanks for the question, the fact that we’re going to continue to work on that and add more resources to it. It will be at least another year before it gets out completely, but no one’s waiting on that platform. And so we’re growing the other part of the [indiscernible]
Hal Goetsch: Okay.
Leland Strange: Any other questions?
Hal Goetsch: Yeah. On Goldman, could you just kind of recap, did you say right now, the contract is a two- to three-year contract at $1 million a month. Is that kind of roughly what you guys said just a few minutes ago?
Matt White: Yeah, for the managed services piece of it, which is a portion of the professionals. Two years — two more years on that, around $1 million a month run rate and then the maintenance contract, which is a part of the license agreement that goes through June 30, 2026.
