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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 148,679 $ 159,551
Accounts receivable, net 24,501 26,993
Prepaid expenses and other current assets 5,388 5,795
Total current assets 178,568 192,339
Property and equipment, net 9,518 9,663
Operating lease right-of-use assets 7,878 8,143
Primary law intangible asset, net 14,000 14,000
Other intangible assets, net 610 681
Goodwill 5,898 5,898
Other assets 804 823
Total assets 217,276 231,547
Current liabilities:    
Accounts payable 1,995 5,234
Accrued expenses 6,341 5,502
Accrued salary and benefits 3,134 6,230
Deferred revenue 3,501 4,285
Operating leases 1,983 1,826
Finance leases 41 41
Total current liabilities 16,995 23,118
Operating leases, non-current 6,702 7,136
Finance leases, non-current 148 158
Other liabilities 278 800
Total liabilities 24,123 31,212
Commitments and contingencies (Note 6)
Stockholders’ equity    
Preferred stock $0.005 par value, 100,000 shares authorized and no shares issued and outstanding as of March 31, 2024 and December 31, 2023 0 0
Common stock $0.005 par value, 1,000,000 shares authorized as of March 31, 2024 and December 31, 2023; 61,101 and 61,010 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 306 306
Additional paid-in capital 444,040 440,408
Accumulated deficit (251,193) (240,379)
Total stockholders’ equity 193,153 200,335
Total liabilities and stockholders’ equity $ 217,276 $ 231,547