XML 13 R2.htm IDEA: XBRL DOCUMENT v3.23.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 122,769 $ 121,594
Restricted cash 55,365 37,789
Accounts receivable, net of allowance for credit losses of $2,224 and $4,014, respectively 99,860 87,262
Prepaids and other assets 12,253 8,468
TOTAL CURRENT ASSETS 290,247 255,113
Property, plant, and equipment, net 14,075 18,151
Operating lease right-of-use assets 2,075 2,127
Other noncurrent assets 1,711 1,703
Intangible assets, net 11,565 8,700
Deferred tax assets 68,399 68,676
Goodwill 27,261 27,212
TOTAL ASSETS 415,333 381,682
CURRENT LIABILITIES    
Accounts payable 9,080 10,391
Customer deposits 55,171 37,789
Accrued expenses 97,137 78,944
Current portion of lease obligation - operating lease 159 175
TOTAL CURRENT LIABILITIES 161,547 127,299
Long-term payable 5 4,697
Long-term lease obligation - operating lease, net of current portion 694 694
TOTAL LIABILITIES 162,246 132,690
EQUITY    
Common Stock, $0.00001 par value 900,000,000 shares authorized; 174,532,043 issued and 153,442,421 outstanding at March 31, 2023; 171,656,030 issued and 152,839,239 outstanding at December 31, 2022 2 2
Additional paid-in capital 650,383 611,872
Treasury stock, at cost: 21,089,622 and 18,816,791 shares held, respectively (414,926) (385,010)
Accumulated earnings 15,580 20,723
Accumulated other comprehensive income 879 236
Total eXp World Holdings, Inc. stockholders' equity 251,918 247,823
Equity attributable to noncontrolling interest 1,169 1,169
TOTAL EQUITY 253,087 248,992
TOTAL LIABILITIES AND EQUITY $ 415,333 $ 381,682