v3.20.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash $ 276 $ 844
Accounts receivable, net 1,671 3,606
Prepaid expenses and other current assets 368 272
Total current assets 2,315 4,722
Property and equipment, net 24 66
Goodwill 25,857 25,821
Intangible assets, net 253 521
Deferred tax asset – long term 241 64
Restricted cash 86 5,500
Other assets 276 187
Total assets 29,052 36,881
Current liabilities:    
Accounts payable 10,159 9,890
Accrued expenses and other 4,035 3,028
Deferred revenue 3,360 2,629
PhunCoin deposits 1,202 0
Factored receivables payable 1,077 2,434
Short term notes payable – related party 0 1,993
Total current liabilities 19,833 19,974
Debt (see Note 8) 1,105 0
Deferred tax liability 241 64
Deferred revenue 3,764 5,622
Deferred rent 83 17
Total liabilities 25,026 25,677
Commitments and contingencies (see Note 9)
Redeemable convertible preferred stock, $0.0001 par value (see Note 11) 0 5,377
Stockholders’ equity    
Common stock, $0.0001 par value (see Note 12) 4 3
Additional paid-in capital 128,008 118,062
Accumulated other comprehensive loss (382) (418)
Accumulated deficit (123,604) (111,820)
Total stockholders’ equity 4,026 5,827
Total liabilities, redeemable convertible preferred stock, and stockholders’ equity $ 29,052 $ 36,881

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