Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 95,393 $ 96,035
Inventories 5,406 6,404
Other current assets 6,922 5,936
Total current assets 107,721 108,375
Property and equipment, net 649 735
Operating lease right-of-use assets 2,878 3,135
Restricted cash 505 3,390
Deferred tax asset 1,162 2,039
Other assets 754 823
Total assets 113,669 118,497
Current liabilities:    
Accounts payable 848 680
Accrued commissions 2,341 2,931
Other accrued expenses 1,971 2,387
Deferred revenue 3,994 4,506
Amounts held in eWallets 12,823 12,938
Operating lease liabilities 1,549 1,655
Other current liabilities 1,275 1,205
Total current liabilities 24,801 26,302
Income taxes payable 15,365 15,365
Deferred tax liability 203 202
Operating lease liabilities 1,403 1,564
Total liabilities 41,772 43,433
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $0.001 par value; 50,000,000 shares authorized; 12,979,414 shares issued at March 31, 2020 and December 31, 2019 13 13
Additional paid-in capital 86,102 86,102
Retained earnings 13,259 16,117
Accumulated other comprehensive loss (1,573) (1,264)
Treasury stock, at cost; 1,556,875 shares at March 31, 2020 and December 31, 2019 (25,904) (25,904)
Total stockholders’ equity 71,897 75,064
Total liabilities and stockholders’ equity $ 113,669 $ 118,497