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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,699 $ 6,653
Trade accounts receivable 11,127 12,378
Prepaid expenses 6,377 4,228
Income taxes receivable 34 161
Other current assets 777 940
Total current assets 20,014 24,360
Property and equipment, net 31,530 28,205
Intangible assets, net 1,436 1,471
Goodwill 61,614 61,614
Operating lease right-of-use assets 1,937 2,060
Deferred contract costs, net 1,254 1,453
Other Assets, Noncurrent 3,126 3,274
Total assets 120,911 122,437
Current liabilities:    
Current portion of notes payable, net of unamortized debt issuance costs 7,504 7,214
Line of credit 7,000 0
Accounts payable 2,397 1,301
Accrued wages and bonuses 5,385 3,953
Accrued expenses 5,732 4,893
Dividends payable 2,865 2,906
Deferred revenue 15,194 14,834
Income taxes payable 1,968 222
Other current liabilities 805 880
Total current liabilities 48,850 36,203
Notes payable, net of current portion and unamortized debt issuance costs 27,569 29,470
Deferred income taxes 3,892 4,139
Other long-term liabilities 3,655 3,670
Total liabilities 83,966 73,482
Shareholders’ equity:    
Preferred stock, $0.01 par value, authorized 2,000,000 shares, none issued 0 0
Common stock, $0.001 par value; authorized 110,000,000 shares, issued 31,078,202 in 2024 and 31,002,919 in 2023, outstanding 23,877,315 in 2024 and 24,219,887 in 2023 31 31
Additional paid-in capital 179,929 178,213
Retained earnings (accumulated deficit) (27,036) (30,530)
Treasury stock, at cost; 7,200,887 Common shares in 2024 and 6,783,032 Common shares in 2023 (115,979) (98,759)
Total shareholders’ equity 36,945 48,955
Total liabilities and shareholders’ equity $ 120,911 $ 122,437