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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 3,828 $ 25,026
Trade accounts receivable, less allowance for doubtful accounts of $85 and $65, respectively 14,467 14,461
Prepaid expenses 5,738 2,386
Income taxes receivable 341 733
Other current assets 369 1,110
Total current assets 24,743 43,716
Net property and equipment 25,589 17,248
Intangible assets, net 1,506 1,611
Goodwill 61,614 61,614
Deferred contract costs, net 1,641 2,441
Deferred income taxes 4 14
Operating lease right-of-use assets 1,163 556
Other 3,876 3,261
Total assets 120,136 130,461
Current liabilities:    
Current portion of notes payable 4,665 4,491
Line of credit 5,000 0
Accounts payable 1,424 1,153
Accrued wages and bonuses 5,029 4,551
Accrued expenses 4,603 3,983
Dividends payable 2,947 2,956
Deferred revenue 16,238 15,198
Other current liabilities 899 1,085
Total current liabilities 40,805 33,417
Notes payable, net of current portion and unamortized debt issuance costs 14,164 17,690
Deferred income taxes 4,543 5,274
Other long-term liabilities 2,752 2,047
Total liabilities 62,264 58,428
Shareholders’ equity:    
Preferred stock, $0.01 par value, authorized 2,000,000 shares, none issued 0 0
Common stock, $0.001 par value; authorized 110,000,000 shares, issued 30,956,479 in 2023 and 30,922,181 in 2022, outstanding 24,562,068 in 2023 and 24,628,173 in 2022 31 31
Additional paid-in capital 176,714 175,453
Retained earnings (accumulated deficit) (36,482) (25,184)
Treasury stock, at cost; 6,394,411 and 6,294,008 common stock in 2023 and 2022, respectively (82,391) (78,267)
Total shareholders’ equity 57,872 72,033
Total liabilities and shareholders’ equity $ 120,136 $ 130,461