Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 96,035 $ 132,653
Inventories 6,404 12,165
Other current assets 5,936 5,369
Total current assets 108,375 150,187
Property and equipment, net 735 934
Operating lease right-of-use assets 3,135  
Goodwill 0 1,764
Restricted cash 3,390 2,998
Deferred tax asset 2,039 1,207
Other assets 823 831
Total assets 118,497 157,921
Current liabilities:    
Accounts payable 680 1,631
Accrued commissions 2,931 12,502
Other accrued expenses 2,387 6,121
Deferred revenue 4,506 6,795
Amounts held in eWallets 12,938 14,611
Operating lease liabilities 1,655  
Other current liabilities 1,205 1,424
Total current liabilities 26,302 43,084
Income taxes payable 15,365 16,982
Deferred tax liability 202 186
Long-term incentive 0 7,808
Operating lease liabilities 1,564  
Total liabilities 43,433 68,060
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 December 31, 2019 and 2018 13 13
Additional paid-in capital 86,102 86,415
Retained earnings 16,117 44,431
Accumulated other comprehensive loss (1,264) (1,250)
Treasury stock, at cost; 1,556,875 and 1,603,322 shares at December 31, 2019 and 2018, respectively (25,904) (39,748)
Total stockholders’ equity 75,064 89,861
Total liabilities and stockholders’ equity $ 118,497 $ 157,921