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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Thousands, $ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash, cash equivalents, and restricted cash $ 21,438 $ 17,010
Accounts receivable, net of allowance for doubtful accounts of $4,027 and $3,248 at March 31, 2023 and December 31, 2022, respectively 14,762 12,123
Inventory 218 251
Prepaid expenses and other current assets 5,075 10,304
Total current assets before funds held for clients 41,493 39,688
Funds held for clients 223,465 203,588
Total current assets 264,958 243,276
Property and equipment, net 11,944 11,439
Goodwill 86,011 86,011
Intangible assets, net 63,024 66,594
Operating lease assets, net 6,531 7,065
Other assets, net 6,376 5,523
Total assets 438,844 419,908
Current liabilities:    
Current portion of notes payable 5,418 4,106
Accounts payable 1,744 2,194
Accrued compensation and benefits 4,391 5,791
Operating lease liabilities, current 1,671 1,860
Other accrued liabilities 5,013 3,728
Contingent purchase consideration 2,886 2,955
Deferred revenue 4,182 8,461
Total current liabilities before client fund obligations 25,305 29,095
Client fund obligations 225,462 206,088
Total current liabilities 250,767 235,183
Long-term liabilities:    
Deferred revenue 728 788
Deferred tax liability 1,430 1,503
Notes payable, net of current portion 30,478 30,795
Operating lease liabilities, noncurrent 6,098 6,459
Other liabilities 132 114
Total long-term liabilities 38,866 39,659
Total liabilities 289,633 274,842
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; 21,003 and 20,628 shares issued, 20,619 and 20,244 shares outstanding at March 31, 2023 and December 31, 2022, respectively 210 206
Treasury stock at cost, 384 shares at March 31, 2023 and December 31, 2022 (5,017) (5,017)
Additional paid-in capital 436,907 433,586
Accumulated deficit (280,887) (281,226)
Accumulated other comprehensive loss (2,002) (2,483)
Total stockholders’ equity 149,211 145,066
Total liabilities and stockholders’ equity $ 438,844 $ 419,908
Common stock, shares authorized 44,000 44,000