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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Thousands, $ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 11,506 $ 28,577
Accounts receivable, net of allowance for doubtful accounts of $2,730 and $2,194 at September 30, 2021 and December 31, 2020, respectively 4,595 3,848
Inventory 303 449
Prepaid expenses and other current assets 13,356 2,866
Total current assets before funds held for clients 29,760 35,740
Funds held for clients 174,754 321,069
Total current assets 204,514 356,809
Property and equipment, net 8,764 8,281
Goodwill 86,114 73,958
Intangible assets, net 82,385 64,552
Operating lease assets, net 6,170 6,450
Other assets, net 4,129 3,952
Total assets 392,076 514,002
Current liabilities:    
Current portion of notes payable 1,914 12,310
Accounts payable 1,299 1,288
Accrued compensation and benefits 2,675 2,916
Operating lease liabilities, current 1,717 1,833
Other accrued liabilities 1,775 1,380
Contingent purchase consideration 1,905 3,880
Deferred revenue 1,501 4,416
Total current liabilities before client fund obligations 12,786 28,023
Client fund obligations 174,372 320,578
Total current liabilities 187,158 348,601
Long-term liabilities:    
Deferred revenue 51 111
Deferred tax liability 1,446 888
Notes payable, net of current portion 32,800 12,225
Operating lease liabilities, noncurrent 5,044 5,366
Contingent purchase consideration 3,038 0
Other liabilities 600 1,157
Total long-term liabilities 42,979 19,747
Total liabilities 230,137 368,348
Stockholders’ equity:    
Preferred stock, $0.01 par value; 1,500 shares authorized; none issued or outstanding 0 0
Common stock, $0.01 par value; 44,000 shares authorized; 20,352 and 19,354 shares issued, 19,968 and 18,970 shares outstanding at September 30, 2021 and December 31, 2020, respectively 204 193
Treasury stock at cost, 384 shares at September 30, 2021 and December 31, 2020 (5,017) (5,017)
Additional paid-in capital 428,894 419,827
Accumulated deficit (262,459) (269,953)
Accumulated other comprehensive income 317 604
Total stockholders’ equity 161,939 145,654
Total liabilities and stockholders’ equity $ 392,076 $ 514,002
Common stock, shares authorized 44,000 44,000