Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 132,653 $ 135,311
Inventories 12,165 8,398
Other current assets 5,369 7,534
Total current assets 150,187 151,243
Property and equipment, net 934 1,149
Goodwill 1,764 1,764
Restricted cash 2,998 3,167
Deferred tax asset 1,207 1,435
Other assets 831 796
Total assets 157,921 159,554
Current liabilities:    
Current assets: 1,631 1,751
Income taxes payable 287 309
Accrued commissions 12,502 11,170
Other accrued expenses 6,121 7,605
Deferred revenue 6,795 4,455
Amounts held in eWallets 14,611 15,152
Other current liabilities 1,137 1,479
Total current liabilities 43,084 41,921
Income taxes payable 16,982 19,052
Deferred tax liability 186 56
Long-term incentive 7,808 7,904
Total liabilities 68,060 68,933
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued and outstanding at December 31, 2018 and 2017 0 0
Common stock, $0.001 par value; 50,000,000 shares authorized; 12,979,414 shares issued at December 31, 2018 and 2017 13 13
Additional paid-in capital 86,415 86,683
Retained earnings 44,431 44,908
Accumulated other comprehensive loss (1,250) (413)
Treasury stock, at cost; 1,603,322 and 1,637,524 shares at December 31, 2018 and 2017, respectively (39,748) (40,570)
Total stockholders’ equity 89,861 90,621
Total liabilities and stockholders’ equity $ 157,921 $ 159,554