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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Thousands, $ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash, cash equivalents, and restricted cash $ 12,054 $ 13,427
Accounts receivable, net of allowance for doubtful accounts of $2,264 and $2,210 at March 31, 2022 and December 31, 2021, respectively 6,608 5,308
Inventory 286 246
Prepaid expenses and other current assets 10,635 13,475
Total current assets before funds held for clients 29,583 32,456
Funds held for clients 238,679 217,376
Total current assets 268,262 249,832
Property and equipment, net 8,664 8,945
Goodwill 86,011 86,011
Intangible assets, net 77,205 78,573
Operating lease assets, net 5,315 5,748
Other assets, net 4,406 4,136
Total assets 449,863 433,245
Current liabilities:    
Current portion of notes payable 1,773 1,907
Accounts payable 1,619 565
Accrued compensation and benefits 2,720 3,568
Operating lease liabilities, current 1,380 1,551
Other accrued liabilities 2,967 2,436
Contingent purchase consideration 1,905 1,905
Deferred revenue 1,626 3,750
Total current liabilities before client fund obligations 13,990 15,682
Client fund obligations 238,440 217,144
Total current liabilities 252,430 232,826
Long-term liabilities:    
Deferred revenue 23 36
Deferred tax liability 1,617 1,595
Notes payable, net of current portion 33,977 33,120
Operating lease liabilities, noncurrent 4,440 4,746
Contingent purchase consideration 2,424 2,424
Other liabilities 62 258
Total long-term liabilities 42,543 42,179
Total liabilities 294,973 275,005
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; 20,455 and 20,412 shares issued, 20,071 and 20,028 shares outstanding at March 31, 2022 and December 31, 2021, respectively 205 204
Treasury stock at cost, 384 shares at March 31, 2022 and December 31, 2021 (5,017) (5,017)
Additional paid-in capital 430,641 429,912
Accumulated deficit (269,777) (266,760)
Accumulated other comprehensive income (1,162) (99)
Total stockholders’ equity 154,890 158,240
Total liabilities and stockholders’ equity $ 449,863 $ 433,245
Common stock, shares authorized 44,000 44,000