Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.8.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 135,311 $ 125,921
Inventories, net 8,398 11,257
Other current assets 7,534 4,066
Total current assets 151,243 141,244
Property and equipment, net 1,149 1,388
Goodwill 1,764 1,764
Restricted cash 3,167 2,963
Deferred Tax Assets, Net, Noncurrent 1,435 0
Other assets 796 692
Total assets 159,554 148,051
Current liabilities:    
Accounts payable 1,751 2,145
Income taxes payable 309 663
Accrued commissions 11,170 13,611
Other accrued expenses 7,605 14,989
Deferred revenue 4,455 4,948
Amounts held in eWallets 15,152 19,165
Other current liabilities 1,479 1,633
Total current liabilities 41,921 57,154
Accrued Income Taxes, Noncurrent 19,052 0
Deferred Tax Liabilities, Net, Noncurrent 56 268
Long-term incentive 7,904 8,190
Total liabilities 68,933 65,612
Commitments and Contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued and outstanding at December 31, 2017 and 2016 0 0
Common stock, $0.001 par value; 50,000,000 shares authorized; 12,979,414 shares issued at December 31, 2017 and 2016 13 13
Additional paid-in capital 86,683 86,574
Retained earnings (accumulated deficit) 44,908 38,548
Accumulated other comprehensive (loss) income (413) (807)
Treasury stock, at cost; 1,637,524 and 1,692,218 shares at December 31, 2017 and 2016, respectively (40,570) (41,889)
Total stockholders’ equity 90,621 82,439
Total liabilities and stockholders’ equity $ 159,554 $ 148,051