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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 16,126 $ 13,852
Accounts receivable, net of allowance for credit losses of $339 and $239 at September 30, 2024 and December 31, 2023, respectively 26,327 36,253
Taxes receivable 64 1,036
Prepaid expenses and other 4,389 3,190
Total current assets 46,906 54,331
Property and equipment, net 161 149
Other assets    
Goodwill 70,869 78,357
Technology assets, net 8,383 9,013
Patent rights, net 5,685 6,185
Tradename and customer relationships, net 32,411 34,198
Operating lease right of use assets, net 422 573
Security deposits and other assets 362 568
Total other assets 118,132 128,894
TOTAL ASSETS 165,199 183,374
Current liabilities    
Current portion of long-term debt 2,000 2,000
Accounts payable – trade 2,754 2,227
Accrued expenses 5,557 7,755
Revenue share payable 3,210 5,506
Current portion of lease liabilities 195 222
Deferred revenue 786 172
Total current liabilities 14,502 17,882
Non-current liabilities    
Long-term debt, net 33,278 34,231
Lease liabilities, net of current portion 242 371
Deferred tax liabilities, net 2,712 4,337
Total liabilities 50,734 56,821
Commitments and contingencies (See note 12)
Stockholders’ equity    
Preferred stock, $0.001 par value, 10,000,000 shares authorized, none issued and outstanding at September 30, 2024 or December 31, 2023
Common stock, $0.001 par value, 166,666,667 shares authorized, 20,069,432 and 19,899,679 shares issued at September 30, 2024 and December 31, 2023, respectively 20 20
Treasury stock, $0.001 par value, 1,741,397 shares held at September 30, 2024 and December 31, 2023 (2) (2)
Additional paid-in-capital 198,737 190,793
Accumulated deficit (84,290) (64,258)
Total stockholders’ equity 114,465 126,553
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 165,199 $ 183,374