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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 55,222 $ 50,937
Restricted cash 9,766 15,867
Bank deposits 34,002 24,568
Accounts receivable, net 70,442 54,306
Prepaid expenses and other current assets 7,125 9,805
Total current assets 176,557 155,483
Deferred tax assets, net 1,575 1,518
Investments 249 326
Deposits 2,564 4,545
Restricted cash 2,037 4,590
Property and equipment, net 5,194 6,276
Operating lease right of use assets 7,398 10,201
Goodwill 668 646
Other assets 854 1,048
Total assets 197,096 184,633
CURRENT LIABILITIES:    
Notes payable-banks 209 122
Accounts payable 6,601 8,720
Accrued expenses and other current liabilities 52,470 41,707
Value added tax (VAT) payable 10,759 7,703
Income taxes payable 6,652 6,105
Operating lease liabilities, current 3,804 3,969
Total current liabilities 80,495 68,326
Convertible notes payable to a related party 0 1,104
Operating lease liabilities, non-current 3,645 6,375
Other liabilities 22,038 29,214
Total liabilities 106,178 105,019
COMMITMENTS AND CONTINGENCIES
REDEEMABLE NON-CONTROLLING INTERESTS 93,521 89,974
SHAREHOLDERS' DEFICIT:    
Common stock, €0.45 par value; 150,000,000 shares authorized as of December 31, 2023 and 2022. 37,433,333 shares issued and outstanding as of December 31, 2023 and 2022. 19,186 19,186
Additional paid-in capital 17,818 16,604
Accumulated deficit (31,440) (38,521)
Accumulated other comprehensive loss (8,117) (8,186)
Treasury shares (1,518) 0
Non-controlling interests in subsidiaries 1,468 557
Total shareholders' deficit (2,603) (10,360)
Total liabilities and shareholders' deficit $ 197,096 $ 184,633