Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Current Period Unaudited)

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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Preferred stock, par value (in dollars per share) $ 0.001 $ 0.001
Current assets:    
Cash and cash equivalents $ 93,206 $ 96,035
Inventories 4,114 6,404
Other current assets 5,057 5,936
Total current assets 102,377 108,375
Property and equipment, net 599 735
Operating lease right-of-use assets 3,096 3,135
Restricted cash 513 3,390
Deferred tax asset 1,163 2,039
Other assets 729 823
Total assets 108,477 118,497
Current liabilities:    
Accounts payable 1,084 680
Accrued commissions 3,113 2,931
Other accrued expenses 1,763 2,387
Deferred revenue 2,645 4,506
Amounts held in eWallets 11,438 12,938
Operating lease liabilities 1,247 1,655
Other current liabilities 1,438 1,205
Total current liabilities 22,728 26,302
Income taxes payable 13,748 15,365
Deferred tax liability 203 202
Operating lease liabilities 1,963 1,564
Total liabilities 38,642 43,433
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 June 30, 2020 and December 31, 2019 13 13
Additional paid-in capital 86,102 86,102
Retained earnings 11,008 16,117
Accumulated other comprehensive loss (1,384) (1,264)
Treasury stock, at cost; 1,556,875 shares at June 30, 2020 and December 31, 2019 (25,904) (25,904)
Total stockholders’ equity 69,835 75,064
Total liabilities and stockholders’ equity $ 108,477 $ 118,497