Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 109,649 $ 104,914
Accounts receivable 93 57
Inventories, net 12,302 10,455
Other current assets 2,893 2,286
Total current assets 124,937 117,712
Property and equipment, net 1,236 894
Goodwill 1,764 1,764
Restricted cash 3,097 3,166
Other assets 620 616
Total assets 131,654 124,152
Current liabilities:    
Accounts payable 3,525 2,862
Income taxes payable 862 379
Accrued commissions 18,651 19,634
Other accrued expenses 17,570 16,703
Deferred revenue 8,832 4,011
Deferred tax liability 60 60
Amounts held in eWallets 18,162 16,414
Other current liabilities 1,715 1,510
Total current liabilities 69,377 61,573
Long-term incentive 5,264 5,770
Total liabilities 74,641 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 June 30, 2016 and December 31, 2015 13 13
Additional paid-in capital 86,554 85,963
Retained earnings (accumulated deficit) 12,572 (9,647)
Accumulated other comprehensive loss (237) (101)
Treasury stock, at cost; 1,692,218 and 840,202 shares at June 30, 2016 and December 31, 2015, respectively (41,889) (19,419)
Total stockholders’ equity 57,013 56,809
Total liabilities and stockholders’ equity $ 131,654 $ 124,152