v3.20.2
Condensed Consolidated Balance Sheet - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash $ 1,143 $ 276
Accounts receivable, net of allowance for doubtful accounts of $123 and $3,179 at September 30, 2020 and December 31, 2019, respectively 1,153 1,671
Prepaid expenses and other current assets 462 368
Total current assets 2,758 2,315
Property and equipment, net 14 24
Goodwill 25,828 25,857
Intangible assets, net 143 253
Deferred tax asset 241 241
Restricted cash 91 86
Other assets 276 276
Total assets 29,351 29,052
Current liabilities:    
Accounts payable 9,067 10,159
Accrued expenses 5,555 4,035
Accrued legal settlement 4,500 0
Deferred revenue 3,215 3,360
PhunCoin deposits 1,202 1,202
Factored receivables payable 439 1,077
Current maturities of long-term debt, net 1,693 0
Warrant liability 1,242 0
Total current liabilities 26,913 19,833
Long-term debt 4,272 910
Long-term debt - related party 555 195
Deferred tax liability 241 241
Deferred revenue 2,003 3,764
Deferred rent 178 83
Total liabilities 34,162 25,026
Commitments and contingencies
Stockholders’ equity (deficit)    
Common stock, $0.0001 par value 5 4
Additional paid-in capital 135,239 128,008
Accumulated other comprehensive loss (410) (382)
Accumulated deficit (139,645) (123,604)
Total stockholders’ equity (deficit) (4,811) 4,026
Total liabilities and stockholders’ equity (deficit) $ 29,351 $ 29,052

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