Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 99,631 $ 104,914
Accounts receivable 88 57
Inventories, net 10,269 10,455
Other current assets 2,324 2,286
Total current assets 112,312 117,712
Property and equipment, net 1,050 894
Goodwill 1,764 1,764
Restricted cash 3,189 3,166
Other assets 621 616
Total assets 118,936 124,152
Current liabilities:    
Accounts payable 2,019 2,862
Income taxes payable 3,002 379
Accrued commissions 16,714 19,634
Other accrued expenses 17,644 16,703
Deferred revenue 6,469 4,011
Deferred tax liability 60 60
Amounts held in eWallets 16,691 16,414
Other current liabilities 1,359 1,510
Total current liabilities 63,958 61,573
Long-term incentive 5,650 5,770
Total liabilities $ 69,608 $ 67,343
Commitments and contingencies
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 March 31, 2016 and December 31, 2015 13 13
Additional paid-in capital 86,037 85,963
Retained earnings (accumulated deficit) 1,057 (9,647)
Accumulated other comprehensive loss (41) (101)
Treasury stock, at cost; 1,560,563 and 840,202 shares at March 31, 2016 and December 31, 2015, respectively (37,738) (19,419)
Total stockholders’ equity 49,328 56,809
Total liabilities and stockholders’ equity $ 118,936 $ 124,152