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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash $ 5,739 $ 4,421
Accounts receivable, net 5,562 4,006
Contract assets, net 9,240 8,749
Prepaid expenses and other current assets 1,748 2,549
Deferred transaction costs 1,943 1,163
Total current assets 24,232 20,888
Long-term assets:    
Property and equipment, net 656 591
Operating lease right-of-use assets, net 2,157 1,963
Intangible assets, net 273 342
Goodwill 9,026 9,026
Long-term portion of contract assets, net 8,961 6,250
Other assets 2,057 1,825
Total long-term assets 23,130 19,997
Total assets 47,362 40,885
Current liabilities:    
Accounts payable 3,332 2,495
Accrued expenses and other current liabilities 9,945 10,255
Accrued income taxes 2,185 1,626
Deferred revenue, current 7,935 7,882
Operating lease liabilities, current 817 735
Related party line of credit 2,016 2,000
Total current liabilities 26,230 24,993
Long-term liabilities:    
Deferred revenue, non-current 4,737 5,071
Operating lease liabilities, non-current 1,320 1,198
Long-term loan facility 4,283 0
Other long-term liabilities 197 221
Total liabilities 36,767 31,483
Commitments and contingencies (Note 11)
Stockholders' equity:    
Common stock, $0.0001 par value; 25,000,000 shares authorized; 20,000,000 shares issued and outstanding 2 2
Retained earnings 12,770 11,392
Accumulated other comprehensive loss (2,177) (1,992)
Total stockholders' equity 10,595 9,402
Total liabilities and stockholders' equity $ 47,362 $ 40,885