Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.3.1.900
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 104,914 $ 44,816
Accounts receivable 57 107
Inventories, net 10,455 3,760
Other current assets 2,286 930
Total current assets 117,712 49,613
Property and equipment, net 894 476
Goodwill 1,764 1,764
Restricted cash 3,166 315
Other assets 616 372
Total assets 124,152 52,540
Current liabilities:    
Accounts payable 2,862 2,232
Income taxes payable 379 268
Accrued commissions 19,634 8,853
Other accrued expenses 16,703 6,743
Deferred revenue 4,011 2,687
Deferred tax liability 60 65
Amounts held in eWallets 16,414 2,064
Other current liabilities 1,510 1,513
Total current liabilities 61,573 24,425
Long-term incentive 5,770 1,665
Total liabilities $ 67,343 $ 26,090
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued and outstanding at December 31, 2015 $ 0 $ 0
Common stock, $0.001 par value; 50,000,000 shares authorized; 12,979,414 and 12,891,317 shares issued at December 31, 2015 and 2014, respectively 13 13
Additional paid-in capital 85,963 85,750
Accumulated deficit (9,647) (54,799)
Accumulated other comprehensive (loss) income (101) 62
Treasury stock, at cost; 840,202 and 384,220 shares at December 31, 2015 and 2014, respectively (19,419) (4,576)
Total stockholders’ equity 56,809 26,450
Total liabilities and stockholders’ equity $ 124,152 $ 52,540