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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
[1]
ASSETS            
Cash and cash equivalents $ 25,704 $ 20,407 $ 19,589 $ 17,379 $ 2,989  
Accounts receivable, net allowance for doubtful accounts of $79 and zero at December 31, 2021 and December 31, 2020, respectively. 9,161 9,836 11,558 11,274 10,033  
Prepaid expenses and other current assets 1,779 2,046 1,786 5,032 2,348  
Total current assets 36,644 32,289 32,933 33,685 15,370  
Premises and equipment, net 346 305 349 345 401  
Developed software, net 28,593 31,691 34,155 36,952 39,657  
Goodwill 5,259 5,259 5,259 5,259 5,259  
Other intangibles, net 4,749 4,830 4,910 4,990 5,070  
Other assets 837 840 740 942 853  
Total assets 76,428 75,214 78,346 82,173 66,610  
Liabilities:            
Accounts payable and accrued liabilities 7,033 8,180 13,648 13,987 7,521  
Taxes payable 1,807 1,103 1,636 1,679 0  
Borrowings from Partner Bank 0 0 0 5,427 21,000  
Current portion of operating lease liabilities 416 596 719 714 701  
Deferred revenue, current 15,387 16,306 15,513 14,034 10,588  
Total current liabilities 24,643 26,185 31,516 35,841 39,810  
Non-current liabilities:            
Operating lease liabilities 0 0 55 235 430  
Deferred revenue, non-current 190 223 1,512 1,490 2,101  
Liability for private warrants 13,614 12,850 18,893 15,836 0  
Total liabilities 38,447 39,258 51,976 53,402 42,341  
Commitments and contingencies (Note 8)  
Shareholders’ equity:            
Preferred stock: Par value $0.0001 per share; 10,000,000 authorized, none issued or outstanding at both December 31, 2021 and December 31, 2020. 0 0 0 0 0  
Common stock: Par value $0.0001 per share; 1 billion shares authorized; 12,193,378 shares issued and outstanding at December 31, 2021; 6,123,432 shares issued and outstanding at December 31, 2020. 1 1 1 1 1  
Additional paid-in capital 60,686 57,311 54,849 52,460 64,017  
Accumulated deficit (22,706) (21,356) (28,480) (23,690) (39,749)  
Total shareholders’ equity 37,981 35,956 26,370 28,771 24,269 $ 34,630
Total liabilities and shareholders’ equity $ 76,428 $ 75,214 $ 78,346 $ 82,173 $ 66,610  
[1] As previously reported and retroactively adjusted in connection with the merger.