Financial Statement Components

9 Months Ended

Sep. 30, 2013

Financial Statement Components

Note2.Financial Statement Components

Cash and cash equivalents consisted of the following (in thousands):

	September30, 2013		December31, 2012
Cash	$	13,220	$	3,599
Money market funds		12,232		34,265
Total cash and cash equivalents	$	25,452	$	37,864

Accounts receivable, net consisted of the following (in thousands):

	September30, 2013			December31, 2012
Accounts receivable-trade	$	1,784		$	2,683
Unbilled accounts receivable-trade		833			440
Allowance for doubtful accounts		(125	)		(433	)
Accounts receivable, net	$	2,492		$	2,690

Prepaid expenses and other current assets consisted of the following (in thousands):

	September30, 2013		December31, 2012
Deferred initial public offering costs	$	3,909	$	-
Settlements receivable from credit card transaction processors		2,535		1,626
Other non-trade receivables from third parties		2,268		24
Prepaid expenses		2,656		1,596
Other current assets		288		162
Total prepaid expenses and other current assets	$	11,656	$	3,408

Property and equipment, net consisted of the following (in thousands):

	September30, 2013			December31, 2012
Computer hardware and software	$	33,402		$	27,292
Furniture and fixtures		1,090			700
Leasehold improvements		845			441
Property and equipment, gross		35,337			28,433
Less: accumulated depreciation		(18,036	)		(11,425	)
Property and equipment, net	$	17,301		$	17,008

Accrued liabilities consisted of (in thousands):

	September30, 2013		December31, 2012
Accrued compensation and benefits	$	4,066	$	3,216
Accrued sales, use and telecom related taxes		4,399		4,580
Accrued initial public offering costs		2,100		-
Accrued expenses		8,451		11,998
Accrued legal settlements		750		1,075
Other		718		618
Total accrued liabilities	$	20,484	$	21,487