Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 94,565 $ 44,816
Accounts receivable 305 107
Inventories, net 6,613 3,760
Other current assets 1,706 930
Total current assets 103,189 49,613
Property and equipment, net 917 476
Goodwill 1,764 1,764
Restricted cash 3,231 315
Other assets 610 372
Total assets 109,711 52,540
Current liabilities:    
Accounts payable 4,371 2,232
Income taxes payable 458 268
Accrued commissions 20,643 8,853
Other accrued expenses 14,426 6,743
Deferred revenue 4,515 2,687
Deferred tax liability 65 65
Amounts held in eWallets 13,419 2,064
Other current liabilities 1,590 1,513
Total current liabilities 59,487 24,425
Long-term incentive 1,436 1,665
Total liabilities $ 60,923 $ 26,090
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 and 12,891,317 shares issued at September 30, 2015 and December 31, 2014, respectively 13 13
Additional paid-in capital 85,940 85,750
Accumulated deficit (22,617) (54,799)
Accumulated other comprehensive income 17 62
Treasury stock, at cost; 739,916 and 384,220 shares at September 30, 2015 and December 31, 2014, respectively (14,565) (4,576)
Total stockholders’ equity 48,788 26,450
Total liabilities and stockholders’ equity $ 109,711 $ 52,540