Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 114,500 $ 104,914
Accounts receivable 98 57
Inventories, net 14,842 10,455
Other current assets 3,540 2,286
Total current assets 132,980 117,712
Property and equipment, net 1,297 894
Goodwill 1,764 1,764
Restricted cash 3,090 3,166
Other assets 723 616
Total assets 139,854 124,152
Current liabilities:    
Accounts payable 3,114 2,862
Income taxes payable 655 379
Accrued commissions 18,620 19,634
Other accrued expenses 18,443 16,703
Deferred revenue 4,236 4,011
Deferred tax liability 60 60
Amounts held in eWallets 19,510 16,414
Other current liabilities 1,543 1,510
Total current liabilities 66,181 61,573
Long-term incentive 4,945 5,770
Total liabilities 71,126 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 September 30, 2016 and December 31, 2015 13 13
Additional paid-in capital 86,564 85,963
Retained earnings (accumulated deficit) 24,342 (9,647)
Accumulated other comprehensive loss (302) (101)
Treasury stock, at cost; 1,692,218 and 840,202 shares at September 30, 2016 and December 31, 2015, respectively (41,889) (19,419)
Total stockholders’ equity 68,728 56,809
Total liabilities and stockholders’ equity $ 139,854 $ 124,152