v3.22.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 13,557,000 $ 20,300,000
Restricted cash 13,588,000 28,859,000
Accounts receivable, net of allowances of $869 and $555, respectively 72,863,000 58,423,000
Prepaid expenses and other current assets 12,378,000 15,807,000
Current portion of notes receivable 652,000 272,000
Settlement assets and customer account balances 498,616,000 479,471,000
Total current assets 611,654,000 603,132,000
Notes receivable, less current portion 2,027,000 105,000
Property, equipment and software, net 25,397,000 25,233,000
Goodwill 365,740,000 365,740,000
Intangible assets, net 325,084,000 340,211,000
Deferred income taxes, net 11,493,000 8,265,000
Other noncurrent assets 8,944,000 9,256,000
Total assets 1,350,339,000 1,351,942,000
Current liabilities:    
Accounts payable and accrued expenses 43,464,000 42,523,000
Accrued residual commissions 34,372,000 29,532,000
Customer deposits and advance payments 5,008,000 5,021,000
Current portion of long-term debt 6,200,000 6,200,000
Settlement and customer account obligations 503,731,000 500,291,000
Total current liabilities 592,775,000 583,567,000
Long-term debt, net of current portion, discounts and debt issuance costs 598,403,000 604,105,000
Other noncurrent liabilities 15,677,000 18,349,000
Total noncurrent liabilities 614,080,000 622,454,000
Total liabilities 1,206,855,000 1,206,021,000
Commitments and contingencies (Note 11)
Redeemable senior preferred stock, $0.001 par value; 250,000 shares authorized; 225,000 issued and outstanding at March 31, 2022 and December 31, 2021 215,053,000 210,158,000
Stockholders' deficit:    
Preferred stock, $0.001; 100,000,000 shares authorized; none issued or outstanding at March 31, 2022 and December 31, 2021 0 0
Common stock, $0.001 par value; 1,000,000,000 shares authorized; 77,589,180 and 77,460,312 shares issued at March 31, 2022 and December 31, 2021, respectively; and 76,842,093 and 76,739,896 shares outstanding at March 31, 2022 and December 31, 2021, respectively. 78,000 77,000
Treasury stock at cost, 747,087 and 720,416 shares at March 31, 2022 and December 31, 2021, respectively (4,248,000) (4,091,000)
Additional paid-in capital 32,992,000 39,835,000
Accumulated deficit (100,391,000) (100,058,000)
Total stockholders' deficit (71,569,000) (64,237,000)
Total liabilities, redeemable senior preferred stock and stockholders' deficit $ 1,350,339,000 $ 1,351,942,000

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