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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 10,441 $ 17,064
Accounts receivable, less allowance for doubtful accounts of $1,691 and $1,612 as of June 30, 2025 and December 31, 2024, respectively 11,500 12,825
Prepaid income taxes 503 736
Income taxes receivable 324 0
Prepaid expenses and other 1,392 1,148
Total current assets 24,160 31,773
Deposits and other 304 374
Deferred tax assets 3,591 3,380
Restricted cash 757 675
Operating lease right-of-use assets 5,204 5,655
Property and equipment, net 320 423
Intangible assets, net 1,455 1,498
Goodwill 10,944 10,944
Total assets 46,735 54,722
Current liabilities:    
Accounts payable 6,130 6,162
Merchant payables 12,419 16,294
Accrued expenses and other 5,596 3,404
Deferred revenue 8,459 6,545
Income tax payable 0 1,619
Operating lease liabilities 2,564 2,472
Total current liabilities 35,168 36,496
Long-term tax liabilities 8,792 7,851
Long-term operating lease liabilities 4,856 5,646
Other long-term liabilities 0 376
Total liabilities 48,816 50,369
Stockholders’ equity (deficit):    
Preferred stock, $0.01 par value per share ( 5,000 shares authorized; none issued) Common stock, $0.01 par value (20,000 shares authorized; 11,081 shares issued and outstanding as of June 30, 2025, 11,836 shares issued and outstanding as of December 31, 2024) 111 118
Additional paid in capital 0 0
Tax indemnification (9,537) (9,537)
Retained earnings 7,934 14,284
Accumulated other comprehensive loss (5,576) (5,327)
Total Travelzoo stockholders’ equity (deficit) (7,068) (462)
Non-controlling interest 4,987 4,815
Total stockholders’ equity (deficit) (2,081) 4,353
Total liabilities and stockholders’ equity (deficit) $ 46,735 $ 54,722