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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Thousands, $ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash, cash equivalents, and restricted cash $ 14,594 $ 13,427
Accounts receivable, net of allowance for doubtful accounts of $2,819 and $2,210 at June 30, 2022 and December 31, 2021, respectively 5,736 5,308
Inventory 289 246
Prepaid expenses and other current assets 10,112 13,475
Total current assets before funds held for clients 30,731 32,456
Funds held for clients 184,661 217,376
Total current assets 215,392 249,832
Property and equipment, net 9,076 8,945
Goodwill 86,011 86,011
Intangible assets, net 73,657 78,573
Operating lease assets, net 5,877 5,748
Other assets, net 4,590 4,136
Total assets 394,603 433,245
Current liabilities:    
Current portion of notes payable 1,947 1,907
Accounts payable 862 565
Accrued compensation and benefits 3,453 3,568
Operating lease liabilities, current 1,382 1,551
Other accrued liabilities 4,532 2,436
Contingent purchase consideration 2,299 1,905
Deferred revenue 2,038 3,750
Total current liabilities before client fund obligations 16,513 15,682
Client fund obligations 184,428 217,144
Total current liabilities 200,941 232,826
Long-term liabilities:    
Deferred revenue 2,369 36
Deferred tax liability 1,669 1,595
Notes payable, net of current portion 33,908 33,120
Operating lease liabilities, noncurrent 5,000 4,746
Contingent purchase consideration 1,074 2,424
Other liabilities 102 258
Total long-term liabilities 44,122 42,179
Total liabilities 245,063 275,005
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, 20,141 and 20,028 shares outstanding at June 30, 2022 and December 31, 2021, respectively 205 204
Treasury stock at cost, 384 shares at June 30, 2022 and December 31, 2021 (5,017) (5,017)
Additional paid-in capital 431,647 429,912
Accumulated deficit (275,637) (266,760)
Accumulated other comprehensive loss (1,658) (99)
Total stockholders’ equity 149,540 158,240
Total liabilities and stockholders’ equity $ 394,603 $ 433,245
Common stock, shares authorized 44,000 44,000