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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
CURRENT ASSETS:    
Cash and cash equivalents $ 8,213 $ 7,912
Restricted cash 5,531 4,388
Accounts receivable, net 37,083 25,715
Prepaid expenses and other current assets 4,707 1,987
Total current assets 55,534 40,002
Deferred tax assets, net 97 92
Property and equipment, net 2,207 1,493
Goodwill 314 314
Other assets 625 448
Total assets 58,777 42,349
CURRENT LIABILITIES:    
Notes payable - banks 18,840 11,412
Accounts payable 5,224 3,079
Accrued expenses and other current liabilities 28,203 25,065
Income taxes payable 84 89
Value added tax (VAT) payable 7,758 5,362
Total current liabilities 60,109 45,007
Convertible notes payable to related party, including accrued interest 43,850 39,403
Other liabilities 179 147
Total liabilities 104,138 84,557
SHAREHOLDERS' DEFICIT:    
Common stock, 0.45 Euro par value; 33,333,334 shares authorized; 10,961,698 shares issued and outstanding as of June 30, 2016 and as of December 31, 2015 5,928 5,928
Additional paid-in capital 21,267 21,267
Accumulated deficit (65,207) (61,896)
Accumulated other comprehensive loss (7,349) (7,507)
Total shareholders' deficit (45,361) (42,208)
Total liabilities and shareholders' deficit $ 58,777 $ 42,349