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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 25,608 $ 43,815
Accounts receivable, less allowance for doubtful accounts of $1,943 and $2,094 as of June 30, 2022 and December 31, 2021, respectively 14,809 14,871
Prepaid income taxes 2,569 3,325
Prepaid expenses and other 1,603 1,891
Prepaid expenses—related party 0 1,150
Assets from discontinued operations 34 71
Total current assets 44,623 65,123
Deposits and other 6,815 6,784
Deferred tax assets 3,551 3,949
Restricted cash 1,061 1,142
Operating lease right-of-use assets 6,192 7,700
Property and equipment, net 550 659
Intangible assets, net 4,744 3,426
Goodwill 10,944 10,944
Total assets 78,480 99,727
Current liabilities:    
Accounts payable 1,231 3,411
Merchant payables 47,899 68,678
Accrued expenses and other 7,566 10,212
Deferred revenue 2,106 1,733
Operating lease liabilities 2,589 3,180
Income tax payable 0 185
Liabilities from discontinued operations 448 485
Total current liabilities 61,839 87,884
Long-term operating lease liabilities 8,125 9,111
Other long-term liabilities 2,451 2,364
Total liabilities 72,415 99,359
Commitments and contingencies 0 0
Non-controlling interest 0 4,600
Stockholders’ equity (deficit):    
Common stock, $0.01 par value (20,000 shares authorized; 13,091 shares issued and 12,551 shares issued as of June 30, 2022 and December 31, 2021) 131 126
Treasury stock (at cost, 495 shares at June 30, 2022 and December 31, 2021) (5,488) (5,488)
Additional paid in capital 7,426 4,415
Retained earnings 3,895 508
Accumulated other comprehensive loss (4,533) (3,793)
Total Travelzoo stockholders’ equity (deficit) 1,431 (4,232)
Non-controlling interest 4,634  
Total stockholders’ equity (deficit) 6,065 (4,232)
Total liabilities and stockholders’ equity (deficit) $ 78,480 $ 99,727