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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 3,336 $ 4,447
Restricted cash 10,685 1,455
Accounts receivable, net of an allowance for doubtful accounts of $1,933 and $1,546 as of June 30, 2020 and December 31, 2019, respectively 10,104 8,307
Notes receivable, net 503 512
Prepaid expenses and other current assets 3,082 4,453
Total current assets 27,710 19,174
Right-of-use assets, net 984 2,241
Property, equipment, and software development, net 5,898 6,262
Intangible assets, net 14,135 15,500
Goodwill 10,111 10,099
Other assets 669 752
TOTAL ASSETS 59,507 54,028
Current liabilities:    
Accounts payable and customer deposits 32,602 30,374
Net billings in excess of revenues 2,451 2,529
Accrued expenses and other payables 12,692 13,616
Promissory notes 968 993
Current portion of lease liabilities 592 2,422
Derivative liability 831 0
8% Series C Redeemable Preferred Stock, net 14,502 4,798
Total current liabilities 64,638 54,732
Senior Convertible Note, net 5,622 0
Lease liabilities, net of current portion 496 415
Related party loan 420 420
Paycheck Protection Plan loan 1,372 0
Warrant liability 7,944 0
Other liabilities 0 23
TOTAL LIABILITIES 80,492 55,590
Commitments and contingencies
Stockholders’ deficit:    
Preferred stock, $0.00001 par value: 49,995,966 shares authorized, 175.53 and 105.33 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively 0 0
Common stock and additional paid-in capital, $0.00001 par value: 500,000,000 shares authorized, 140,325,114 and 139,060,180 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively 551,543 547,948
Accumulated other comprehensive loss (9,748) (10,017)
Accumulated deficit (562,780) (539,493)
TOTAL STOCKHOLDERS’ DEFICIT (20,985) (1,562)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT $ 59,507 $ 54,028