v3.25.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash $ 2,599 $ 12,180
Restricted cash 89,432 61,138
Accounts receivable, net of allowance for credit losses of $206 and $23, respectively 1,076 859
Cash due from gateways, net of allowance of $89 and $2,636, respectively 88 12,834
Prepaid and other current assets 2,189 2,854
Total current assets 95,384 89,865
Non-current Assets:    
Property and equipment, net 165 306
Goodwill 18,856 26,753
Intangible assets, net 1,802 5,059
Operating lease right-of-use assets, net 3,425 4,279
Other assets 2,644 2,403
Total non-current assets 26,892 38,800
Total assets 122,276 128,665
Current Liabilities:    
Accounts payable 3,515 1,819
Accrued liabilities 8,146 5,755
Payment processing liabilities, net 90,802 76,772
Current portion of operating lease liabilities 839 692
Other current liabilities 240 504
Total current liabilities 103,542 85,542
Long term debt, net of debt discount of $1,556 and $3,906, respectively 17,363 15,912
Operating lease liabilities, less current portion 2,863 3,720
Total liabilities 123,768 105,174
Stockholders’ Equity/(Deficit):    
Preferred stock, Series B, par value $0.01, 5,000,000 shares authorized; 53,499 and 55,000 shares issued and outstanding at December 31, 2024 and 2023, respectively 1 1
Common stock, par value $0.001, 100,000,000 shares authorized; 8,032,318 and 5,996,948 shares issued and outstanding at December 31, 2024 and 2023, respectively 8 6
Additional paid-in capital 179,157 175,664
Accumulated other comprehensive income (1,251) 401
Accumulated deficit (179,407) (152,581)
Total stockholders’ (deficit)/equity (1,492) 23,491
Total liabilities and stockholder’s (deficit)/equity $ 122,276 $ 128,665