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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 39,280 $ 92,687
Restricted cash included in funds held by trustee 4,050 3,639
Accounts receivable, net of allowance for doubtful accounts of $446 as of June 30, 2024 and $511 as of December 31, 2023 17,965 22,206
Contract asset, net (note 10) 31 1,417
Inventory 5,544 6,786
Prepaid expenses and deposits 21,118 17,387
Derivative instrument asset (note 4) 184 2,277
Deferred costs of fulfillment, current portion (note 11) 100,333 95,649
Income taxes recoverable 441 709
Total current assets 188,946 242,757
Deferred costs of fulfillment, long-term portion (note 11) 15,684 15,419
Investments 2,012 2,012
Restricted cash included in secured notes reserve funds 8,868 8,652
Property and equipment, net 354,232 339,644
Right of use lease asset 28,898 27,467
Contract costs 2,461 2,581
Intangible assets, net (note 5) 26,700 29,484
Goodwill (note 5) 130,410 130,410
Total assets 758,211 798,426
Current liabilities:    
Accounts payable 11,233 12,676
Accrued liabilities 33,157 35,356
Customer deposits 18,437 19,335
Derivative instrument liability, current portion (note 4) 13 0
Operating lease liability, current portion (note 12) 5,462 5,397
Deferred revenue, current portion (note 10) 134,037 126,733
Accreditation fees payable 616 609
Income taxes payable 1,236 1,235
Total current liabilities 204,191 201,341
Deferred revenue, long-term portion (note 10) 21,537 21,350
Operating lease liability, long-term portion (note 12) 19,222 18,255
Syndicated revolver (note 6) 198,632 210,354
Notes payable (note 7) 224,689 222,895
Deferred tax liability 2,966 2,966
Stockholders' deficit (note 14)    
Common stock - no par value, 250,000,000 shares authorized; 10,957,269 shares issued and outstanding as of June 30, 2024 and 10,903,405 shares issued and outstanding as of December 31, 2023 (note 14) 35,527 34,373
Additional paid-in capital 16,662 14,072
Accumulated deficit (85,386) (40,298)
Accumulated other comprehensive income (note 4) 129 1,728
Total stockholders' deficit (33,068) 9,875
Total liabilities and stockholders' deficit 758,211 798,426
Contingencies (note 20)
Series A Preferred Units [Member]    
Current liabilities:    
Total Redeemable preferred units $ 120,042 $ 111,390