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Consolidated Balance Sheet (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 15,770 $ 22,457
Restricted cash 9,172 49,946
Trade accounts receivables, net 48,141 47,138
Unbilled revenue 26,373 24,207
Prepaid expenses and other current assets 14,556 9,159
Assets classified as held for sale (205,883) (202,831)
Total current assets 319,895 355,738
Non-current assets    
Property, plant and equipment, net 22,784 22,945
Operating lease right-of-use assets 38,842 36,450
Intangible assets, net 77,184 79,745
Goodwill 120,505 120,505
Deferred tax assets, net 3,347 2,771
Prepaid expenses and other non-current assets 6,794 7,889
Total non-current assets 269,456 270,305
Total assets 589,351 626,043
Current liabilities    
Trade accounts payables 5,783 2,428
Accrued expenses 30,470 29,707
Short term debt 14,878 14,267
Current maturity of term loan 48,854 120,466
Current maturity of operating lease liabilities 15,403 14,492
Other current liabilities 19,014 17,615
Liabilities classified as held for sale 86,953 89,486
Total current liabilities 221,355 288,461
Non-current liabilities    
Long term debt 66,943 41,175
Operating lease liabilities 27,895 26,651
Other non-current liabilities 2,801 2,682
Deferred tax liabilities, net 15,451 15,508
Total non-current liabilities 113,090 86,016
Total liabilities 334,445 374,477
Stockholders’ equity    
Common stock, 60,000,000 non-convertible shares, $0.01 par value, authorized; 41,133,224 and 41,098,456 shares issued as of March 31, 2023 and December 31, 2022 respectively. 411 411
Additional paid-in capital 293,869 293,472
Accumulated deficit (87,073) (86,302)
Treasury stock, 839,214 shares as of March 31, 2023 and December 31, 2022, at cost (3,749) (3,749)
Accumulated other comprehensive loss (15,547) (16,058)
Equity attributable to Startek shareholders 187,911 187,774
Non-controlling interest 66,995 63,792
Total stockholders’ equity 254,906 251,566
Total liabilities and stockholders’ equity $ 589,351 $ 626,043