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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
ASSETS:    
Cash and cash equivalents $ 28,944 $ 34,467
Accounts receivable, net of allowance for doubtful accounts of $368 and $313, respectively 65,023 70,228
Prepaid expenses and other current assets 2,138 2,505
Total current assets 96,105 107,200
Property and equipment, net 1,298 1,457
Operating lease right-of-use assets 6,369 6,805
Intangible assets, net 34,938 35,747
Goodwill 166,180 165,088
Other non-current assets 1,905 1,885
Total assets 306,795 318,182
LIABILITIES AND SHAREHOLDERS' EQUITY:    
Accounts payable 12,782 16,130
Accrued expenses and other current liabilities 28,823 33,932
Deferred revenue 701 651
Current portion of long-term debt 5,000 5,000
Current portion of operating lease liability 2,228 2,227
Total current liabilities 49,534 57,940
Long-term debt, net 39,147 40,329
Operating lease liability 5,213 5,692
Other non-current liabilities 726 811
Total liabilities 94,620 104,772
Contingencies (Note 10)
Shareholders' equity:    
Preferred stock — $0.0001 par value, 10,000,000 Shares authorized; Shares outstanding — 0 shares for both periods 0 0
Common stock — $0.0005 par value, 200,000,000 Shares authorized; Shares issued — 83,983,587 and 83,057,083, respectively; and Shares outstanding — 79,683,435 and 78,965,260, respectively (Note 7) 42 42
Treasury stock, at cost — 4,300,152 and 4,091,823 Shares, respectively (Note 7) (11,171) (10,723)
Additional paid-in capital 420,285 419,059
Accumulated deficit (196,981) (194,968)
Total shareholders' equity 212,175 213,410
Total liabilities and shareholders' equity $ 306,795 $ 318,182