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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 9,097 $ 7,057
Accounts receivable, net of allowance for uncollectible accounts of $444 in 2023 and $444 in 2022 31,441 33,603
Unbilled receivables 10,637 8,719
Prepaid and other current assets 3,353 3,795
Total current assets 54,528 53,174
Equipment, enterprise software, and leasehold improvements, at cost:    
Equipment 2,871 2,790
Enterprise software 4,185 4,185
Leasehold improvements 735 732
Total equipment, enterprise software, and leasehold improvements 7,791 7,707
Less – accumulated depreciation and amortization (5,345) (5,042)
Net equipment, enterprise software, and leasehold improvements 2,446 2,665
Operating lease right-of-use assets, net 3,504 3,886
Deferred financing costs, net 275 293
Non-current deposits 491 578
Goodwill, net of impairment 32,510 32,510
Intangible assets, net of amortization 15,080 15,773
Total assets 108,834 108,879
Current liabilities:    
Current portion of long-term debt 0 1,100
Accounts payable 4,688 4,475
Accrued payroll and related costs 11,481 11,085
Current portion of operating lease liability 1,470 1,504
Other accrued liabilities 926 1,186
Deferred revenue 412 207
Total current liabilities 18,977 19,557
Long-term liabilities:    
Long-term operating lease liability, less current portion 1,974 2,294
Long-term accrued income taxes 105 105
Deferred income taxes 674 920
Total liabilities 21,730 22,876
Commitments and contingent liabilities (Note 6)
Shareholders' equity:    
Preferred Stock, no par value; 20,000,000 shares authorized; none outstanding
Common Stock, par value $.01; 250,000,000 shares authorized and 13,297,682 shares issued as of March 31, 2023 and 13,269,118 shares issued as of December 31, 2022 133 133
Additional paid-in-capital 32,894 32,059
Retained earnings 59,814 59,553
Accumulated other comprehensive income (loss) (1,550) (1,555)
Treasury stock, at cost; 1,646,420 shares as of March 31, 2023 and as of December 31, 2022 (4,187) (4,187)
Total shareholders' equity 87,104 86,003
Total liabilities and shareholders' equity $ 108,834 $ 108,879