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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Thousands, $ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash, cash equivalents, and restricted cash $ 10,885 $ 13,427
Accounts receivable, net of allowance for doubtful accounts of $2,751 and $2,210 at September 30, 2022 and December 31, 2021, respectively 6,821 5,308
Inventory 323 246
Prepaid expenses and other current assets 10,658 13,475
Total current assets before funds held for clients 28,687 32,456
Funds held for clients 181,969 217,273
Total current assets 210,656 249,729
Property and equipment, net 11,364 8,945
Goodwill 86,011 86,011
Intangible assets, net 70,238 78,573
Operating lease assets, net 7,969 5,748
Other assets, net 4,886 4,136
Total assets 391,124 433,142
Current liabilities:    
Current portion of notes payable 3,064 1,907
Accounts payable 1,322 565
Accrued compensation and benefits 4,179 3,568
Operating lease liabilities, current 1,686 1,551
Other accrued liabilities 4,137 2,333
Contingent purchase consideration 2,299 1,905
Deferred revenue 4,173 3,750
Total current liabilities before client fund obligations 20,860 15,579
Client fund obligations 184,617 217,144
Total current liabilities 205,477 232,723
Long-term liabilities:    
Deferred revenue 252 36
Deferred tax liability 1,758 1,595
Notes payable, net of current portion 31,367 33,120
Operating lease liabilities, noncurrent 6,908 4,746
Contingent purchase consideration 670 2,424
Other liabilities 130 258
Total long-term liabilities 41,085 42,179
Total liabilities 246,562 274,902
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; 20,544 and 20,412 shares issued, 20,160 and 20,028 shares outstanding at September 30, 2022 and December 31, 2021, respectively 205 204
Treasury stock at cost, 384 shares at September 30, 2022 and December 31, 2021 (5,017) (5,017)
Additional paid-in capital 432,445 429,912
Accumulated deficit (280,170) (266,760)
Accumulated other comprehensive loss (2,901) (99)
Total stockholders’ equity 144,562 158,240
Total liabilities and stockholders’ equity $ 391,124 $ 433,142
Common stock, shares authorized 44,000 44,000