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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 52,352 $ 12,801
Restricted cash 2,493 3,116
Accounts receivable, net 43,311 44,826
Income tax receivable 197 1,511
Prepaid expenses and other current assets 4,783 4,965
Total current assets 103,136 67,219
Defered tax assets, net 476 436
Investments 2,130 255
Property and equipment, net 4,586 4,263
Operating lease right of use assets 10,367
Goodwill 681 695
Other assets 2,071 2,219
Total assets 123,447 75,087
CURRENT LIABILITIES:    
Bank overdrafts 738 845
Notes payable-banks 19,908 11,889
Accounts payable 5,808 5,886
Accrued expenses and other current liabilities 35,033 42,673
Income tax payable 162 1,958
Value added tax (VAT) payable 6,476 11,439
Operating lease liabilities, current 2,725
Loan payable 1,121
Loan payable to related parties 1,538 368
Convertible notes payable to a related party 2,000
Total current liabilities 75,509 75,058
Convertible notes payable to a related party 30,932
Loan payable 2,288
Operating lease liabilities, non current 7,562
Other liabilities 1,761 1,665
Total liabilities 84,832 109,943
COMMITMENTS AND CONTINGENCIES (NOTE 18)
REDEEMABLE NON-CONTROLLING INTERESTS (NOTE 13) 74,300
SHAREHOLDERS' DEFICIT:    
Common stock, €0.45 par value; 150,000,000 and 33,333,334 shares authorized as of December 31, 2019 and 2018, respectively. 35,433,333 and 25,100,000 shares issued and outstanding as of December 31, 2019 and 2018, respectively 18,120 12,896
Additional paid-in capital 26,972 23,457
Accumulated deficit (73,006) (64,964)
Accumulated other comprehensive loss (6,172) (6,245)
Non-controlling interests in subsidiaries (1,599)
Total shareholders' deficit (35,685) (34,856)
Total liabilities and shareholders' deficit $ 123,447 $ 75,087