Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 83,843 $ 92,367
Inventories 5,257 3,779
Other current assets 4,369 3,595
Total current assets 93,469 99,741
Property and equipment, net 463 539
Operating lease right-of-use assets 3,021 3,745
Restricted cash 522 525
Deferred tax asset 309 731
Other assets 571 661
Total assets 98,355 105,942
Current liabilities:    
Accounts payable 761 580
Income taxes payable 1,345 1,481
Accrued commissions 3,636 3,496
Other accrued expenses 1,933 1,922
Deferred revenue 8,536 3,091
Amounts held in eWallets 6,341 8,503
Operating lease liabilities 1,239 1,163
Other current liabilities 865 1,270
Total current liabilities 24,656 21,506
Income taxes payable 12,130 13,748
Deferred tax liability 153 216
Operating lease liabilities 1,928 2,775
Total liabilities 38,867 38,245
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 December 31, 2021 and 2020 13 13
Additional paid-in capital 86,102 86,102
Retained earnings (accumulated deficit) (231) 7,822
Accumulated other comprehensive loss (492) (336)
Treasury stock, at cost; 1,556,875 shares at December 31, 2021 and 2020 (25,904) (25,904)
Total stockholders’ equity 59,488 67,697
Total liabilities and stockholders’ equity $ 98,355 $ 105,942