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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS:    
Cash and cash equivalents $ 33,106 $ 34,467
Accounts receivable, net of allowance for doubtful accounts of $491 and $313, respectively 67,550 70,228
Prepaid expenses and other current assets 2,312 2,505
Total current assets 102,968 107,200
Property and equipment, net 1,063 1,457
Operating lease right-of-use assets 5,653 6,805
Intangible assets, net 30,714 35,747
Goodwill 110,780 165,088
Other non-current assets 1,840 1,885
Total assets 253,018 318,182
LIABILITIES AND SHAREHOLDERS' EQUITY:    
Accounts payable 14,918 16,130
Accrued expenses and other current liabilities 27,577 33,932
Deferred revenue 1,331 651
Current portion of long-term debt 5,000 5,000
Current portion of operating lease liability 2,402 2,227
Total current liabilities 51,228 57,940
Long-term debt, net 36,780 40,329
Operating lease liability 4,238 5,692
Other non-current liabilities 723 811
Total liabilities 92,969 104,772
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 — 84,242,962 and 83,057,083, respectively; and Shares outstanding — 79,942,810 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 421,990 419,059
Accumulated deficit (250,812) (194,968)
Total shareholders' equity 160,049 213,410
Total liabilities and shareholders' equity $ 253,018 $ 318,182