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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Thousands, $ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 20,736 $ 30,317
Accounts receivable, net of allowance for credit losses of $5,469 and $4,787 at June 30, 2024 and December 31, 2023, respectively 16,273 14,202
Inventory 263 155
Prepaid expenses and other current assets 4,636 3,471
Total current assets before funds held for clients 41,908 48,145
Funds held for clients 190,438 219,075
Total current assets 232,346 267,220
Property and equipment, net 17,189 14,517
Goodwill 86,011 86,011
Intangible assets, net 70,319 62,082
Operating lease assets, net 4,484 4,991
Other assets, net 9,769 9,047
Total assets 420,118 443,868
Current liabilities:    
Current portion of notes payable 18 27
Accounts payable 1,240 2,570
Accrued compensation and benefits 3,540 6,519
Operating lease liabilities, current 1,537 1,490
Other accrued liabilities 7,524 3,862
Deferred revenue 3,030 6,853
Total current liabilities before client fund obligations 16,889 21,321
Client fund obligations 191,794 220,019
Total current liabilities 208,683 241,340
Long-term liabilities:    
Deferred revenue 3,224 16
Deferred tax liability 1,983 1,728
Notes payable, net of current portion 5,985 4,282
Operating lease liabilities, noncurrent 4,029 4,638
Other liabilities 683 209
Total long-term liabilities 15,904 10,873
Total liabilities 224,587 252,213
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; 25,918 and 25,382 shares issued, 25,918 and 24,998 shares outstanding at June 30, 2024 and December 31, 2023, respectively 259 254
Treasury stock at cost, zero(1) and $384 shares at June 30, 2024 and December 31, 2023, respectively 0 (5,017)
Additional paid-in capital 496,743 487,973
Accumulated deficit (300,121) (290,440)
Accumulated other comprehensive loss (1,350) (1,115)
Total stockholders’ equity 195,531 191,655
Total liabilities and stockholders’ equity $ 420,118 $ 443,868
Common stock, shares authorized 44,000 44,000
Treasury Stock, Common, Shares 0 384