XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
ASSETS:    
Cash and cash equivalents $ 26,396 $ 34,467
Accounts receivable, net of allowance for doubtful accounts of $373 and $313, respectively 77,986 70,228
Prepaid expenses and other current assets 2,101 2,505
Total current assets 106,483 107,200
Property and equipment, net 1,162 1,457
Operating lease right-of-use assets 5,926 6,805
Intangible assets, net 32,872 35,747
Goodwill 110,780 165,088
Other non-current assets 1,917 1,885
Total assets 259,140 318,182
LIABILITIES AND SHAREHOLDERS' EQUITY:    
Accounts payable 17,043 16,130
Accrued expenses and other current liabilities 34,623 33,932
Deferred revenue 698 651
Current portion of long-term debt 5,000 5,000
Current portion of operating lease liability 2,227 2,227
Total current liabilities 59,591 57,940
Long-term debt, net 37,964 40,329
Operating lease liability 4,728 5,692
Other non-current liabilities 739 811
Total liabilities 103,022 104,772
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 — 84,146,082 and 83,057,083, respectively; and Shares outstanding — 79,845,930 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 421,172 419,059
Accumulated deficit (253,925) (194,968)
Total shareholders' equity 156,118 213,410
Total liabilities and shareholders' equity $ 259,140 $ 318,182