Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Current Period Unaudited)

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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 58,412 $ 69,667
Inventories 4,882 4,525
Other current assets 3,675 3,359
Total current assets 66,969 77,551
Property and equipment, net 284 394
Operating lease right-of-use assets 3,549 3,992
Restricted cash 37 79
Deferred tax asset 303 195
Other assets 679 606
Total assets 71,821 82,817
Current liabilities:    
Accounts payable 666 810
Income taxes payable 4,092 2,972
Accrued commissions 2,589 2,943
Other accrued expenses 1,100 1,181
Deferred revenue 6,248 5,597
Amounts held in eWallets 4,154 4,895
Operating lease liabilities 1,182 1,135
Other current liabilities 747 905
Total current liabilities 20,778 20,438
Income taxes payable 5,054 9,098
Deferred tax liability 140 141
Operating lease liabilities 2,539 2,989
Total liabilities 28,511 32,666
Commitments and contingencies (Note 7)
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 September 30, 2023 and December 31, 2022 13 13
Additional paid-in capital 84,657 86,102
Accumulated deficit (15,757) (9,056)
Accumulated other comprehensive loss (1,267) (1,004)
Treasury stock, at cost; 1,462,641 and 1,556,875 shares at September 30, 2023 and December 31, 2022, respectively (24,336) (25,904)
Total stockholders’ equity 43,310 50,151
Total liabilities and stockholders’ equity $ 71,821 $ 82,817