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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 49,612 $ 52,352
Restricted cash 2,173 2,493
Accounts receivable, net 26,204 43,311
Income tax receivable 197
Receivable from related party 2,200
Prepaid expenses and other current assets 13,100 4,783
Total current assets 93,289 103,136
Deferred tax assets, net 460 476
Investments 2,128 2,130
Property and equipment, net 4,284 4,586
Operating lease right of use assets 10,442 10,367
Goodwill 681 681
Other assets 2,143 2,071
Total assets 113,427 123,447
CURRENT LIABILITIES:    
Bank overdrafts 738
Notes payable - banks 4,264 19,908
Accounts payable 8,998 5,808
Accrued expenses and other current liabilities 43,070 35,033
Income tax payable 654 162
Value added tax (VAT) payable 12,059 6,476
Operating lease liabilities, current 2,838 2,725
Loan payable 1,121 1,121
Loan payable to related party 628 1,538
Convertible notes payable to a related party 2,000 2,000
Total current liabilities 75,632 75,509
Operating lease liabilities, non current 7,512 7,562
Other liabilities 1,847 1,761
Total liabilities 84,991 84,832
COMMITMENTS AND CONTINGENCIES
REDEEMABLE NON-CONTROLLING INTERESTS 74,703 74,300
SHAREHOLDERS' DEFICIT:    
Common stock, 0.45 Euro par value; 150,000,000 shares authorized as of June 30, 2020 and December 31, 2019; 35,433,333 shares issued and outstanding as of June 30, 2020 and December 31, 2019 18,120 18,120
Additional paid-in capital 26,972 26,972
Accumulated deficit (83,535) (73,006)
Accumulated other comprehensive loss (6,258) (6,172)
Non controlling interest in subsidaries (1,566) (1,599)
Total shareholders' deficit (46,267) (35,685)
Total liabilities and shareholders' deficit $ 113,427 $ 123,447