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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 14,959 $ 13,852
Accounts receivable, net of allowance for credit losses of $371 and $480 at June 30, 2024 and December 31, 2023, respectively 24,521 36,253
Taxes receivable 1,842 1,036
Prepaid expenses and other 4,647 3,190
Total current assets 45,969 54,331
Property and equipment, net 171 149
Other assets    
Goodwill 78,357 78,357
Other intangibles, net 14,470 15,198
Tradename and customer relationships, net 33,003 34,198
Operating lease right of use assets, net 472 573
Security deposits and other assets 434 568
Total other assets 126,736 128,894
TOTAL ASSETS 172,876 183,374
Current liabilities    
Current portion of long-term debt 3,300 2,000
Accounts payable – trade 2,980 2,227
Accrued expenses 5,310 7,706
Revenue share payable 2,094 5,506
Taxes payable 49
Current portion of lease liabilities 219 222
Deferred revenue 1,053 172
Total current liabilities 14,956 17,882
Non-current liabilities    
Long-term debt, net 32,296 34,231
Lease liabilities, net of current portion 271 371
Deferred tax liabilities, net 4,337 4,337
Total liabilities 51,860 56,821
Commitments and contingencies (See note 11)
Stockholders’ equity    
Preferred stock, $0.001 par value, 10,000,000 shares authorized, none issued and outstanding at June 30, 2024 or December 31, 2023
Common stock, $0.001 par value, 166,666,667 shares authorized, 20,061,907 and 19,899,679 shares issued at June 30, 2024 and December 31, 2023, respectively 20 20
Treasury stock, $0.001 par value, 1,741,397 shares held at June 30, 2024 and December 31, 2023 (2) (2)
Additional paid-in-capital 196,164 190,793
Accumulated deficit (75,166) (64,258)
Total stockholders’ equity 121,016 126,553
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 172,876 $ 183,374