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Consolidated Balance Sheets - USD ($)
shares in Thousands, $ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 88,943 $ 73,185
Restricted cash, current, including amounts held by variable interest entity (“VIE”) of $8,608 and $4,096, respectively 10,559 4,850
Notes receivable 208,555 190,665
Allowance for credit losses (23,615) (26,103)
Notes receivable, net, including amounts held by VIE of $160,840 and $152,174, respectively 184,940 164,562
Other receivables, net 4,025 3,629
Prepaid expenses and other current assets 23,066 11,393
Total current assets 311,533 257,619
Non-Current Assets    
Internally developed intangible assets, net 2,777 2,442
Operating right-of-use assets 735 800
Restricted cash, non-current 20,467 20,275
Deferred tax asset, net of $4,058 and $3,742 valuation allowance, respectively 14,420 16,905
Other assets 620 331
Total Assets 350,552 298,372
Current Liabilities    
Merchant accounts payable 60,478 68,967
Other payables 2,828 7,455
Deferred revenue 4,261 4,234
Other current liabilities 21,307 25,021
Total current liabilities 88,874 105,677
Non-Current Liabilities    
Operating lease liabilities 759 823
Line of credit, net of unamortized debt issuance costs of $799 and $1,008, respectively, held by VIE 130,501 103,992
Other non-current liabilities 20 45
Total Liabilities 220,154 210,537
Commitments and Contingencies (see Note 8)
Stockholders' Equity    
Common stock and additional paid-in capital, $0.00001 par value; 750,000 shares authorized; 35,237 and 34,786 shares issued, respectively; 34,015 and 33,735 shares outstanding, respectively 193,541 188,589
Stock subscriptions: 7 and no shares subscribed, respectively (44) 0
Treasury stock, at cost: 1,222 and 1,051 shares, respectively (16,507) (9,391)
Accumulated other comprehensive loss (766) (1,588)
Accumulated deficit (45,826) (89,775)
Total Stockholders' Equity 130,398 87,835
Total Liabilities and Stockholders' Equity $ 350,552 $ 298,372
Stock subscriptions (shares) [1] 7 0
[1] Effective March 28, 2025, we performed a 6-for-1 stock split of the Company’s common stock, affected through a stock dividend. Share and per share amounts have been retroactively adjusted.