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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 6,653 $ 25,026
Trade accounts receivable 12,378 14,461
Prepaid expenses 4,228 2,386
Income taxes receivable 161 733
Other current assets 940 1,110
Total current assets 24,360 43,716
Net property and equipment 28,205 17,248
Intangible assets, net 1,471 1,611
Goodwill 61,614 61,614
Operating lease right-of-use assets 2,060 556
Deferred contract costs, net 1,453 2,441
Deferred income taxes 0 14
Other Assets, Noncurrent 3,274 3,261
Total assets 122,437 130,461
Current liabilities:    
Current portion of notes payable, net of unamortized debt issuance costs 7,214 4,491
Accounts payable 1,301 1,153
Accrued wages and bonuses 3,953 4,551
Accrued expenses 4,893 3,983
Dividends payable 2,906 2,956
Deferred revenue 14,834 15,198
Income Taxes Payable 222 0
Other current liabilities 880 1,085
Total current liabilities 36,203 33,417
Notes payable, net of current portion and unamortized debt issuance costs 29,470 17,690
Deferred income taxes 4,139 5,274
Other long-term liabilities 3,670 2,047
Total liabilities 73,482 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 31,002,919 in 2023 and 30,922,181 in 2022, outstanding 24,219,887 in 2023 and 24,628,173 in 2022 31 31
Additional paid-in capital 178,213 175,453
Retained earnings (accumulated deficit) (30,530) (25,184)
Accumulated other comprehensive loss, foreign currency translation adjustment 0 0
Treasury stock, at cost; 6,783,032 Common shares in 2023 and 6,294,008 Common shares in 2022 (98,759) (78,267)
Total shareholders’ equity 48,955 72,033
Total liabilities and shareholders’ equity $ 122,437 $ 130,461