v3.21.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash $ 3,940 $ 276
Accounts receivable, net of allowance for doubtful accounts of $356 and $3,179 at December 31, 2020 and 2019, respectively 664 1,671
Prepaid expenses and other current assets 304 368
Total current assets 4,908 2,315
Property and equipment, net 13 24
Goodwill 25,900 25,857
Intangible assets, net 111 253
Deferred tax asset 537 241
Restricted cash 91 86
Other assets 276 276
Total assets 31,836 29,052
Current liabilities:    
Accounts payable 8,462 10,159
Accrued expenses 5,353 4,035
Accrued legal settlement 3,000 0
Deferred revenue 2,397 3,360
PhunCoin deposits 1,202 1,202
Factored receivables payable 0 1,077
Current maturities of long-term debt, net 4,435 0
Warrant liability 1,614 0
Total current liabilities 26,463 19,833
Long-term debt 3,762 910
Long-term debt - related party 195 195
Deferred tax liability 537 241
Deferred revenue 2,678 3,764
Deferred rent 180 83
Total liabilities 33,815 25,026
Commitments and contingencies (Note 9)
Stockholders’ equity (deficit)    
Common stock, $0.0001 par value; 1,000,000,000 shares authorized at December 31, 2020 and 2019; 56,380,111 and 39,817,917 shares issued and outstanding as of December 31, 2020 and 2019, respectively 6 4
Additional paid-in capital 144,156 128,008
Accumulated other comprehensive loss (338) (382)
Accumulated deficit (145,803) (123,604)
Total stockholders’ equity (deficit) (1,979) 4,026
Total liabilities and stockholders’ equity (deficit) $ 31,836 $ 29,052

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