Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 13,533 $ 56,178
Marketable securities 30,407 0
Inventories, net 3,272 4,293
Other current assets 3,771 3,758
Total current assets 50,983 64,229
Property and equipment, net 190 266
Operating lease right-of-use assets 2,498 3,319
Restricted cash 34 39
Deferred tax asset 382 369
Other assets 1,272 869
Total assets 55,359 69,091
Current liabilities:    
Accounts payable 895 990
Income taxes payable 4,908 3,716
Accrued commissions 2,021 2,067
Other accrued expenses 1,425 1,170
Deferred revenue 6,428 6,166
Amounts held in eWallets 3,286 3,945
Operating lease liabilities 1,127 1,146
Other current liabilities 709 784
Total current liabilities 20,799 19,984
Income taxes payable 0 5,054
Deferred tax liability 174 135
Operating lease liabilities 1,514 2,318
Total liabilities 22,487 27,491
Commitments and contingencies (Note 8)
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, 2024 and 2023 13 13
Additional paid-in capital 84,901 84,695
Accumulated deficit (26,344) (17,703)
Accumulated other comprehensive loss (1,301) (1,069)
Treasury stock, at cost; 1,466,339 and 1,462,641 shares at December 31, 2024 and 2023, respectively (24,397) (24,336)
Total stockholders’ equity 32,872 41,600
Total liabilities and stockholders’ equity $ 55,359 $ 69,091