v3.19.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 108,106 $ 132,653
Inventories 10,343 12,165
Other current assets 6,127 5,369
Total current assets 124,576 150,187
Property and equipment, net 887 934
Operating lease right-of-use assets 3,796  
Goodwill 1,764 1,764
Restricted cash 3,000 2,998
Deferred tax asset 1,210 1,207
Other assets 858 831
Total assets 136,091 157,921
Current liabilities:    
Accounts payable 675 1,631
Accrued commissions 7,051 12,502
Other accrued expenses 3,676 6,121
Deferred revenue 3,390 6,795
Amounts held in eWallets 13,879 14,611
Operating lease liabilities 1,741  
Other current liabilities 1,116 1,424
Total current liabilities 31,528 43,084
Income taxes payable 15,365 16,982
Deferred tax liability 187 186
Long-term incentive 7,531 7,808
Operating lease liabilities 2,128  
Total liabilities 56,739 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 June 30, 2019 and December 31, 2018 13 13
Additional paid-in capital 86,249 86,415
Retained earnings 40,169 44,431
Accumulated other comprehensive loss (1,192) (1,250)
Treasury stock, at cost; 2,193,448 and 1,603,322 shares at June 30, 2019 and December 31, 2018, respectively (45,887) (39,748)
Total stockholders’ equity 79,352 89,861
Total liabilities and stockholders’ equity $ 136,091 $ 157,921

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