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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash and cash equivalents $ 12,801 $ 9,073
Restricted cash 3,116 4,432
Accounts receivable, net 44,826 45,343
Income tax receivable 1,511 15
Prepaid expenses and other current assets 4,965 2,838
Current assets from discontinued operations 281
Total current assets 67,219 61,982
Defered tax assets, net 436 349
Investments 255 3,500
Property and equipment, net 4,263 3,205
Non current assets from discontinued operations 25
Goodwill 695 1,044
Other assets 914 658
Total assets 73,782 70,763
CURRENT LIABILITIES:    
Bank overdrafts 845
Notes payable-banks 11,889 10,015
Accounts payable 5,886 5,459
Accrued expenses and other current liabilities 42,673 30,708
Income tax payable 1,958 3,144
Value added tax (VAT) payable 11,439 7,223
Loan payable 1,198
Loan payable to related party, including accrued interest 368 1,409
Current liabilities from discontinued operations 41
Total current liabilities 75,058 59,197
Convertible notes payable to a related party, including accrued interest 30,932 37,589
Loan payable 2,288
Other liabilities 360 719
Total liabilities 108,638 97,505
COMMITMENTS AND CONTINGENCIES (NOTE 16)
SHAREHOLDERS' DEFICIT:    
Common stock, €0.45 par value; 33,333,334 shares authorized as of December 31, 2018 and 2017; 25,100,000 and 21,000,000 shares issued and outstanding as of December 31, 2018 and 2017, respectively 12,896 10,655
Additional paid-in capital 23,457 23,128
Accumulated deficit (64,964) (53,734)
Accumulated other comprehensive loss (6,245) (6,914)
Non controlling interest in subsidiaries 123
Total shareholders' deficit (34,856) (26,742)
Total liabilities and shareholders' deficit $ 73,782 $ 70,763