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, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 61,567 $ 69,667
Inventories 4,715 4,525
Other current assets 3,665 3,359
Total current assets 69,947 77,551
Property and equipment, net 311 394
Operating lease right-of-use assets 3,601 3,992
Restricted cash 38 79
Deferred tax asset 273 195
Other assets 646 606
Total assets 74,816 82,817
Current liabilities:    
Accounts payable 725 810
Income taxes payable 3,939 2,972
Accrued commissions 2,562 2,943
Other accrued expenses 1,235 1,181
Deferred revenue 6,851 5,597
Amounts held in eWallets 4,335 4,895
Operating lease liabilities 1,054 1,135
Other current liabilities 837 905
Total current liabilities 21,538 20,438
Income taxes payable 5,054 9,098
Deferred tax liability 140 141
Operating lease liabilities 2,659 2,989
Total liabilities 29,391 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 at June 30, 2023 and December 31, 2022 13 13
Additional paid-in capital 84,558 86,102
Accumulated deficit (13,626) (9,056)
Accumulated other comprehensive loss (1,245) (1,004)
Treasury stock, at cost; 1,458,975 and 1,556,875 shares at June 30, 2023 and December 31, 2022, respectively (24,275) (25,904)
Total stockholders’ equity 45,425 50,151
Total liabilities and stockholders’ equity $ 74,816 $ 82,817