Accounts Payable and Accrued Expenses (Tables)

3 Months Ended

Mar. 31, 2014

Summary of Accounts Payable and Accrued Expenses

The following is a summary of accounts payable and accrued expenses (in thousands):

	March 31,		December 31,
	2014		2013
	(unaudited)
Accounts payable	$	704	$	711
Accrued processing and disbursement costs		2,147		2,120
Accrued marketing expense		1,947		1,940
Other accrued expenses		4,422		3,574
	$	9,220	$	8,345

Reserve for Transaction Losses

The following table summarizes the Company’s reserve for transaction losses (in thousands, unaudited):

Balance as of December 31, 2013	$	223
Additions to expense		2,722
Losses incurred		(2,637	)
Balance as of March 31, 2014	$	308