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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 2,098 $ 8,275
Restricted cash 6,459 6,479
Accounts receivable, net of allowance for doubtful accounts of $2,213 and $2,077 as of March 31, 2021 and December 31, 2020, respectively 12,379 11,608
Note receivable, net 300 300
Prepaid expenses and other current assets 2,443 3,672
Total current assets 23,679 30,334
Right-of-use assets, net 754 1,044
Property, equipment, and software development, net 4,139 5,090
Intangible assets, net 12,187 12,998
Goodwill 10,560 11,043
Other assets 724 749
TOTAL ASSETS 52,043 61,258
Current liabilities:    
Accounts payable and customer deposits 33,218 36,034
Net billings in excess of revenues 3,521 3,634
Accrued expenses and other payables 14,797 13,044
Term loan 241 242
Current portion of promissory notes 481 604
Related party loan 311 337
Current portion of lease liabilities 312 524
Derivative liabilities 3,601 6,163
Senior Convertible Note, net 7,521 6,655
Total current liabilities 64,003 67,237
Junior Convertible Note, net 54 0
Lease liabilities, net of current portion 512 601
Promissory notes, net of current portion 228 330
Paycheck Protection Program loan 826 824
Warrant liability 5,850 7,768
TOTAL LIABILITIES 71,473 76,760
Commitments and contingencies
Redeemable Preferred Stock, $23,138 redemption value as of March 31, 2021 and December 31, 2020 25,541 24,899
Stockholders’ deficit:    
Preferred stock, $0.00001 par value: 49,995,966 shares authorized, 217.67 and 217.67 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively 0 0
Common stock and additional paid-in capital, $0.00001 par value: 500,000,000 shares authorized, 142,206,226 and 140,268,725 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively 555,491 552,852
Accumulated other comprehensive loss (9,318) (8,660)
Accumulated deficit (591,144) (584,593)
TOTAL STOCKHOLDERS’ DEFICIT (44,971) (40,401)
TOTAL LIABILITIES, REDEEMABLE PREFERRED STOCK, AND STOCKHOLDERS’ DEFICIT $ 52,043 $ 61,258