v3.19.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 118,699 $ 132,653
Inventories 12,310 12,165
Other current assets 6,551 5,369
Total current assets 137,560 150,187
Property and equipment, net 888 934
Operating lease right-of-use assets 4,032  
Goodwill 1,764 1,764
Restricted cash 3,068 2,998
Deferred tax asset 1,207 1,207
Other assets 829 831
Total assets 149,348 157,921
Current liabilities:    
Accounts payable 1,456 1,631
Accrued commissions 8,909 12,502
Other accrued expenses 4,823 6,121
Deferred revenue 3,754 6,795
Amounts held in eWallets 14,435 14,611
Operating lease liabilities 1,762  
Other current liabilities 1,191 1,424
Total current liabilities 36,330 43,084
Income taxes payable 16,982 16,982
Deferred tax liability 186 186
Long-term incentive 7,650 7,808
Operating lease liabilities 2,345  
Total liabilities 63,493 68,060
Commitments and contingencies (Note 9)
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 March 31, 2019 and December 31, 2018 13 13
Additional paid-in capital 86,249 86,415
Retained earnings 39,772 44,431
Accumulated other comprehensive loss (974) (1,250)
Treasury stock, at cost; 1,580,719 and 1,603,322 shares at March 31, 2019 and December 31, 2018, respectively (39,205) (39,748)
Total stockholders’ equity 85,855 89,861
Total liabilities and stockholders’ equity $ 149,348 $ 157,921

Source