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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 36,404 $ 64,668
Restricted cash 1,238 2,858
Bank deposits 30,200 18,083
Accounts receivable, net 86,855 68,335
Prepaid expenses and other current assets 9,582 7,689
Total current assets 164,279 161,633
Deferred tax assets, net 1,908 1,223
Investments 347 277
Deposits with customers 1,416 1,454
Restricted cash 1,741 1,795
Property and equipment, net 4,867 4,666
Operating leases right of use assets 12,060 13,138
Goodwill 712 633
Other assets 1,109 963
Total assets 188,439 185,782
CURRENT LIABILITIES:    
Financial institutions payable 14,376 3,181
Accounts payable 7,330 6,716
Accrued expenses and other current liabilities 52,564 50,815
Value added tax (VAT) payable 9,773 9,138
Income tax and other taxes payable 4,882 4,464
Operating lease liabilities, current 4,509 4,876
Total current liabilities 93,434 79,190
Operating lease liabilities, non current 7,769 8,296
Other liabilities 11,822 13,966
Total liabilities 113,025 101,452
COMMITMENTS AND CONTINGENCIES
REDEEMABLE NON-CONTROLLING INTERESTS 89,622 90,737
SHAREHOLDERS' DEFICIT:    
Common stock, 0.01 Euro par value; 150,000,000 shares authorized as of June 30, 2025 and December 31, 2024; 37,433,333 shares issued and outstanding as of June 30, 2025 and December 31, 2024 426 426
Additional paid-in capital 38,600 38,600
Accumulated deficit (43,751) (35,672)
Accumulated other comprehensive loss (8,126) (8,367)
Treasury shares (1,518) (1,518)
Non controlling interest in subsidaries 161 124
Total shareholders' deficit (14,208) (6,407)
Total liabilities and shareholders' deficit $ 188,439 $ 185,782