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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 17,064 $ 15,713
Accounts receivable, net of allowance of $1,612 and $1,484 as of December 31, 2024 and 2023, respectively 12,825 12,965
Prepaid income taxes 736 629
Prepaid expenses and other 1,148 1,461
Total current assets 31,773 30,768
Deposits and other 374 1,115
Deferred tax assets 3,380 3,196
Restricted cash 675 675
Operating lease right-of-use assets 5,655 6,015
Property and equipment, net 423 578
Intangible assets, net 1,498 2,091
Goodwill 10,944 10,944
Total assets 54,722 55,382
Current liabilities:    
Accounts payable 6,138 4,546
Merchant payables 16,294 20,622
Accrued expenses and other 3,404 3,658
Deferred revenue 6,545 2,044
Operating lease liabilities 2,472 2,530
Income tax payable 1,619 766
Liabilities from discontinued operations 24 24
Total current liabilities 36,496 34,190
Long-term tax liabilities 7,851 4,681
Long-term operating lease liabilities 5,646 6,717
Other long-term liabilities 376 911
Total liabilities 50,369 46,499
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.01 par value per share (5,000 shares authorized; none issued) 0 0
Common stock, $0.01 par value (20,000 shares authorized as of December 31, 2024 and 2023, respectively; 11,836 shares issued and outstanding as of December 31, 2024 and $13,575 shares issued and outstanding as of December 31, 2023) 118 136
Additional paid-in capital 0 439
Tax indemnification (9,537) (9,537)
Note receivable from shareholder 0 (1,753)
Retained earnings 14,284 19,508
Accumulated other comprehensive loss (5,327) (4,607)
Total Travelzoo stockholders’ equity (deficit) (462) 4,186
Non-controlling interest 4,815 4,697
Total stockholders’ equity 4,353 8,883
Total liabilities and stockholders’ equity $ 54,722 $ 55,382