v3.21.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash $ 5,827 $ 9,241
Restricted cash 58,933 78,879
Accounts receivable, net of allowance of $374 and $574 50,886 41,321
Prepaid expenses and other current assets 4,083 3,500
Current portion of notes receivable, net of allowance of $467 and $467 1,829 2,190
Settlement assets 1,220 753
Total current assets 122,778 135,884
Notes receivable, less current portion 5,084 5,527
Property, equipment, and software, net 23,791 22,875
Goodwill 106,832 106,832
Intangible assets, net 91,062 98,057
Deferred income taxes, net 48,996 46,697
Other non-current assets 1,949 1,957
Total assets 400,492 417,829
Current liabilities:    
Accounts payable and accrued expenses 29,880 29,821
Accrued residual commissions 30,300 23,824
Customer deposits and advance payments 5,488 2,883
Current portion of long-term debt 24,302 19,442
Settlement obligations 50,820 72,878
Total current liabilities 140,790 148,848
Long-term debt, net of current portion, discounts and debt issuance costs 350,667 357,873
Other non-current liabilities 8,790 9,672
Total long-term liabilities 359,457 367,545
Total liabilities 500,247 516,393
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; 1,000,000,000 shares authorized; 68,091,398 and 67,842,204 shares issued, respectively; 67,640,174 and 67,390,980 shares outstanding, respectively 68 68
Additional paid-in capital 7,257 5,769
Treasury stock, 451,224 common shares, at cost (2,388) (2,388)
Accumulated deficit (104,692) (102,013)
Total stockholders' deficit (99,755) (98,564)
Total liabilities and stockholders' deficit $ 400,492 $ 417,829

Source