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
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 66,610 $ 69,667
Inventories 4,982 4,525
Other current assets 3,420 3,359
Total current assets 75,012 77,551
Property and equipment, net 354 394
Operating lease right-of-use assets 3,909 3,992
Restricted cash 38 79
Deferred tax asset 253 195
Other assets 616 606
Total assets 80,182 82,817
Current liabilities:    
Accounts payable 1,147 810
Income taxes payable 3,012 2,972
Accrued commissions 2,470 2,943
Other accrued expenses 1,105 1,181
Deferred revenue 5,617 5,597
Amounts held in eWallets 4,657 4,895
Operating lease liabilities 1,158 1,135
Other current liabilities 859 905
Total current liabilities 20,025 20,438
Income taxes payable 9,098 9,098
Deferred tax liability 140 141
Operating lease liabilities 2,869 2,989
Total liabilities 32,132 32,666
Commitments and contingencies (Note 7)
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 13 13
Additional paid-in capital 84,519 86,102
Accumulated deficit (11,103) (9,056)
Accumulated other comprehensive loss (1,104) (1,004)
Treasury stock, at cost; 1,458,975 and 1,556,875 shares at March 31, 2023 and December 31, 2022, respectively (24,275) (25,904)
Total stockholders’ equity 48,050 50,151
Total liabilities and stockholders’ equity $ 80,182 $ 82,817