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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 11,429 $ 15,713
Accounts receivable, less allowance for doubtful accounts of $1,719 and $1,484 as of September 30, 2024 and December 31, 2023, respectively 13,167 12,965
Prepaid income taxes 1,132 629
Prepaid expenses and other 1,619 1,461
Total current assets 27,347 30,768
Deposits and other 230 1,115
Deferred tax assets 3,193 3,196
Restricted cash 675 675
Operating lease right-of-use assets 6,080 6,015
Property and equipment, net 470 578
Intangible assets, net 1,591 2,091
Goodwill 10,944 10,944
Total assets 50,530 55,382
Current liabilities:    
Accounts payable 4,984 4,546
Merchant payables 17,321 20,622
Accrued expenses and other 4,124 3,658
Deferred revenue 3,854 2,044
Income tax payable 1,450 766
Operating lease liabilities 2,624 2,530
Liabilities from discontinued operations 24 24
Total current liabilities 34,381 34,190
Long-term tax liabilities 7,028 4,681
Long-term operating lease liabilities 6,225 6,717
Other long-term liabilities 376 911
Total liabilities 48,010 46,499
Commitments and contingencies 0 0
Stockholders’ equity:    
Common stock, $0.01 par value (20,000 shares authorized; 11,880 shares issued and outstanding as of September 30, 2024, 13,575 shares issued and outstanding as of December 31, 2023) 119 136
Additional paid in capital 0 439
Tax indemnification (9,537) (9,537)
Note receivable and account receivable from shareholder (1,929) (1,753)
Retained earnings 14,195 19,508
Accumulated other comprehensive loss (5,079) (4,607)
Total Travelzoo stockholders’ equity (deficit) (2,231) 4,186
Non-controlling interest 4,751 4,697
Total stockholders’ equity 2,520 8,883
Total liabilities and stockholders’ equity $ 50,530 $ 55,382