XML 40 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated balance sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 14,337 $ 18,635
Restricted cash 923 376
Commissions and agency fees receivable, net 6,884 2,016
Accounts Receivable, Net, Current - Franchise Receivable 2,602 703
Prepaid expenses 1,987 1,109
Total current assets 26,733 22,839
Receivable from franchisees, net of current portion 11,014 2,048
Property and equipment, net of accumulated depreciation 9,542 7,575
Intangible assets, net of accumulated amortization 445 248
Deferred income taxes, net 15,537 1,958
Other assets 1,357 130
Total assets 64,628 34,798
Current Liabilities:    
Accounts payable and accrued expenses 5,033 3,978
Premiums payable 923 376
Unearned revenue/ contract liabilities 2,771  
Deferred rent 683 428
Note payable 4,000 2,500
Total current liabilities 13,410 7,812
Deferred rent, net of current portion 6,681 4,548
Note payable, net of current portion 42,161 45,947
Contract liabilities, net of current portion 20,024  
Liabilities under tax receivable agreement, net of current portion 13,359 1,694
Total liabilities 95,635 60,001
Commitments and contingencies (see note 10)
Additional paid in capital 14,442 11,899
Accumulated deficit (23,811) (20,761)
Total stockholders' equity and members' deficit (9,007) (8,500)
Non-controlling interests (22,000) (16,703)
Total equity (31,007) (25,203)
Total liabilities and equity   34,798
Class A Common Stock    
Current Liabilities:    
Common stock 152 138
Total liabilities and equity 64,628  
Class B Common Stock    
Current Liabilities:    
Common stock $ 210 $ 224