Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 92,367 $ 96,035
Inventories 3,779 6,404
Other current assets 3,595 5,936
Total current assets 99,741 108,375
Property and equipment, net 539 735
Operating lease right-of-use assets 3,745 3,135
Restricted cash 525 3,390
Deferred tax asset 731 2,039
Other assets 661 823
Total assets 105,942 118,497
Current liabilities:    
Accounts payable 580 680
Income taxes payable 1,481 173
Accrued commissions 3,496 2,931
Other accrued expenses 1,922 2,387
Deferred revenue 3,091 4,506
Amounts held in eWallets 8,503 12,938
Operating lease liabilities 1,163 1,655
Other current liabilities 1,270 1,032
Total current liabilities 21,506 26,302
Income taxes payable 13,748 15,365
Deferred tax liability 216 202
Operating lease liabilities 2,775 1,564
Total liabilities 38,245 43,433
Commitments and contingencies (Note 8)
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, 2020 and 2019 13 13
Additional paid-in capital 86,102 86,102
Retained earnings 7,822 16,117
Accumulated other comprehensive loss (336) (1,264)
Treasury stock, at cost; 1,556,875 shares at December 31, 2020 and 2019 (25,904) (25,904)
Total stockholders’ equity 67,697 75,064
Total liabilities and stockholders’ equity $ 105,942 $ 118,497