Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.22.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 69,667 $ 83,843
Inventories 4,525 5,257
Other current assets 3,359 4,369
Total current assets 77,551 93,469
Property and equipment, net 394 463
Operating lease right-of-use assets 3,992 3,021
Restricted cash 79 522
Deferred tax asset 195 309
Other assets 606 571
Total assets 82,817 98,355
Current liabilities:    
Accounts payable 810 761
Income taxes payable 2,972 1,345
Accrued commissions 2,943 3,636
Other accrued expenses 1,181 1,933
Deferred revenue 5,597 8,536
Amounts held in eWallets 4,895 6,341
Operating lease liabilities 1,135 1,239
Other current liabilities 905 865
Total current liabilities 20,438 24,656
Income taxes payable 9,098 12,130
Deferred tax liability 141 153
Operating lease liabilities 2,989 1,928
Total liabilities 32,666 38,867
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, 2022 and 2021 13 13
Additional paid-in capital 86,102 86,102
Accumulated deficit (9,056) (231)
Accumulated other comprehensive loss (1,004) (492)
Treasury stock, at cost; 1,556,875 shares at December 31, 2022 and 2021 (25,904) (25,904)
Total stockholders’ equity 50,151 59,488
Total liabilities and stockholders’ equity $ 82,817 $ 98,355