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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Thousands, $ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash, cash equivalents, and restricted cash $ 17,010 $ 13,427
Accounts receivable, net of allowance for doubtful accounts of $3,248 and $2,210 at December 31, 2022 and December 31, 2021, respectively 12,123 5,308
Inventory 251 246
Prepaid expenses and other current assets 10,304 13,475
Total current assets before funds held for clients 39,688 32,456
Funds held for clients 203,588 217,376
Total current assets 243,276 249,832
Property and equipment, net 11,439 8,945
Goodwill 86,011 86,011
Intangible assets, net 66,594 78,573
Operating lease assets, net 7,065 5,748
Other assets, net 5,523 4,136
Total assets 419,908 433,245
Current liabilities:    
Current portion of notes payable 4,106 1,907
Accounts payable 2,194 565
Accrued compensation and benefits 5,791 3,568
Operating lease liabilities, current 1,860 1,551
Other accrued liabilities 3,728 2,436
Contingent purchase consideration 2,955 1,905
Deferred revenue 8,461 3,750
Total current liabilities before client fund obligations 29,095 15,682
Client fund obligations 206,088 217,144
Total current liabilities 235,183 232,826
Long-term liabilities:    
Deferred revenue 788 36
Deferred tax liability 1,503 1,595
Notes payable, net of current portion 30,795 33,120
Operating lease liabilities, noncurrent 6,459 4,746
Contingent purchase consideration 0 2,424
Other liabilities 114 258
Total long-term liabilities 39,659 42,179
Total liabilities 274,842 275,005
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; 20,628 and 20,412 shares issued, 20,244 and 20,028 shares outstanding at December 31, 2022 and December 31, 2021, respectively 206 204
Treasury stock at cost, 384 shares at December 31, 2022 and December 31, 2021 (5,017) (5,017)
Additional paid-in capital 433,586 429,912
Accumulated deficit (281,226) (266,760)
Accumulated other comprehensive income (2,483) (99)
Total stockholders’ equity 145,066 158,240
Total liabilities and stockholders’ equity $ 419,908 $ 433,245
Common stock, shares authorized 44,000 44,000