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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 45,153 $ 50,937
Restricted cash 8,038 15,867
Bank deposits 25,123 24,568
Accounts receivable, net 68,085 54,306
Prepaid expenses and other current assets 11,672 9,805
Total current assets 158,071 155,483
Deferred tax assets, net 1,587 1,518
Investments 249 326
Deposits 4,714 4,545
Restricted cash 4,600 4,590
Property and equipment, net 5,877 6,276
Operating lease right of use assets 8,868 10,201
Goodwill 660 646
Other assets 950 1,048
Total assets 185,576 184,633
CURRENT LIABILITIES:    
Notes payable - banks 175 122
Accounts payable 6,080 8,720
Accrued expenses and other current liabilities 51,248 41,707
Value added tax (VAT) payable 8,999 7,703
Income taxes payable 5,038 6,105
Convertible note payable to a related party 1,112 0
Operating lease liabilities, current 3,982 3,969
Total current liabilities 76,634 68,326
Convertible note payable to a related party 0 1,104
Operating lease liabilities, non current 4,865 6,375
Other liabilities 25,574 29,214
Total liabilities 107,073 105,019
COMMITMENTS AND CONTINGENCIES
REDEEMABLE NON-CONTROLLING INTERESTS 90,869 89,974
SHAREHOLDERS' DEFICIT:    
Common stock, 0.45 Euro par value; 150,000,000 shares authorized as of June 30, 2023 and December 31, 2022; 37,433,333 shares issued and outstanding as of June 30, 2023 and December 31, 2022 19,186 19,186
Additional paid-in capital 16,604 16,604
Accumulated deficit (40,861) (38,521)
Accumulated other comprehensive loss (8,370) (8,186)
Non controlling interest in subsidaries 1,075 557
Total shareholders' deficit (12,366) (10,360)
Total liabilities and shareholders' deficit $ 185,576 $ 184,633