Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.7.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 125,921 $ 104,914
Inventories, net 11,257 10,455
Other current assets 4,066 2,343
Total current assets 141,244 117,712
Property and equipment, net 1,388 894
Goodwill 1,764 1,764
Restricted cash 2,963 3,166
Other assets 692 616
Total assets 148,051 124,152
Current liabilities:    
Accounts payable 2,145 2,862
Income taxes payable 663 379
Accrued commissions 13,611 19,634
Other accrued expenses 14,989 16,703
Deferred revenue 4,948 4,011
Amounts held in eWallets 19,165 16,414
Other current liabilities 1,633 1,510
Total current liabilities 57,154 61,513
Deferred Tax Liabilities, Net, Noncurrent 268 60
Long-term incentive 8,190 5,770
Total liabilities 65,612 67,343
Commitments and Contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued and outstanding at December 31, 2016 and 2015 0 0
Common stock, $0.001 par value; 50,000,000 shares authorized; 12,979,414 shares issued at December 31, 2016 and 2015 13 13
Additional paid-in capital 86,574 85,963
Retained earnings (accumulated deficit) 38,548 (9,647)
Accumulated other comprehensive (loss) income (807) (101)
Treasury stock, at cost; 1,692,218 and 840,202 shares at December 31, 2016 and 2015, respectively (41,889) (19,419)
Total stockholders’ equity 82,439 56,809
Total liabilities and stockholders’ equity $ 148,051 $ 124,152