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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 15,901 $ 18,693
Accounts receivable, less allowance for doubtful accounts of $1,372 and $1,468 as of September 30, 2023 and December 31, 2022, respectively 10,684 13,820
Prepaid income taxes 690 1,778
Prepaid expenses and other 1,727 1,289
Assets from discontinued operations 7 11
Total current assets 29,009 35,591
Deposits and other 2,472 5,094
Deferred tax assets 3,274 3,222
Restricted cash 675 675
Operating lease right-of-use assets 6,334 7,440
Property and equipment, net 621 657
Intangible assets, net 2,479 3,651
Goodwill 10,944 10,944
Total assets 55,808 67,274
Current liabilities:    
Accounts payable 2,856 4,271
Merchant payables 23,717 32,574
Accrued expenses and other 4,367 5,049
Deferred revenue 2,811 2,216
Income tax payable 285 0
Operating lease liabilities 2,568 2,972
Liabilities from discontinued operations 453 452
Total current liabilities 37,057 47,534
Long-term operating lease liabilities 7,141 8,326
Other long-term liabilities 4,894 2,563
Total liabilities 49,092 58,423
Commitments and contingencies 0 0
Stockholders’ equity:    
Common stock, $0.01 par value (20,000 shares authorized; 14,166 shares issued and outstanding as of September 30, 2023, 16,505 shares issued and 15,704 outstanding as of December 31, 2022) 142 165
Treasury stock (at cost, 801 shares at December 31, 2022) 0 (7,130)
Additional paid in capital 5,186 23,274
Tax indemnification (9,537) (9,537)
Note receivable from shareholder (4,753) (4,753)
Retained earnings 15,789 7,142
Accumulated other comprehensive loss (4,803) (4,905)
Total Travelzoo stockholders’ equity 2,024 4,256
Non-controlling interest 4,692 4,595
Total stockholders’ equity 6,716 8,851
Total liabilities and stockholders’ equity $ 55,808 $ 67,274