v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash $ 11,111,000 $ 9,241,000
Restricted cash 18,232,000 78,879,000
Accounts receivable, net of allowance of $417 and $574 50,596,000 41,321,000
Prepaid expenses and other current assets 5,443,000 3,500,000
Current portion of notes receivable, net of allowance of $467 and $467 230,000 2,190,000
Settlement assets 722,000 753,000
Total current assets 86,334,000 135,884,000
Notes receivable, less current portion 3,915,000 5,527,000
Property, equipment, and software, net 24,245,000 22,875,000
Goodwill 124,078,000 106,832,000
Intangible assets, net 145,836,000 98,057,000
Deferred income taxes, net 47,578,000 46,697,000
Other non-current assets 10,890,000 1,957,000
Total assets 442,876,000 417,829,000
Current liabilities:    
Accounts payable and accrued expenses 37,420,000 29,821,000
Accrued residual commissions 28,201,000 23,824,000
Customer deposits and advance payments 4,269,000 2,883,000
Current portion of long-term debt 3,000,000 19,442,000
Settlement obligations 11,278,000 72,878,000
Total current liabilities 84,168,000 148,848,000
Long-term debt, net of current portion, discounts and debt issuance costs 318,187,000 357,873,000
Other non-current liabilities 8,333,000 9,672,000
Total long-term liabilities 326,520,000 367,545,000
Total liabilities 410,688,000 516,393,000
Commitments and Contingencies
Redeemable senior preferred stock:    
Redeemable senior preferred stock - $0.001 par value per share; 250,000 shares authorized; 150,000 issued; 150,000 shares outstanding at June 30, 2021 133,762,000 0
Stockholders' deficit:    
Preferred stock - $0.001 par value per share; 100,000,000 shares authorized; zero issued or outstanding 0 0
Common stock - $0.001 par value per share; 1.0 billion shares authorized; 69,561,311 shares issued at June 30, 2021 and 67,842,204 shares issued at December 31, 2020; 69,110,087 shares outstanding at June 30, 2021 and 67,390,980 shares outstanding at December 31, 2020 70,000 68,000
Additional paid-in capital 14,913,000 5,769,000
Treasury stock, 451,224 common shares, at cost (2,388,000) (2,388,000)
Accumulated deficit (114,169,000) (102,013,000)
Total stockholders' deficit (101,574,000) (98,564,000)
Total liabilities, redeemable senior preferred stock and stockholders' deficit $ 442,876,000 $ 417,829,000

Source