v3.20.2
Condensed Consolidated Balance Sheet - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash $ 154 $ 276
Accounts receivable, net of allowance for doubtful accounts of $3,190 and $3,179 at June 30, 2020 and December 31, 2019, respectively 928 1,671
Prepaid expenses and other current assets 560 368
Total current assets 1,642 2,315
Property and equipment, net 15 24
Goodwill 25,781 25,857
Intangible assets, net 175 253
Deferred tax asset 241 241
Restricted cash 91 86
Other assets 276 276
Total assets 28,221 29,052
Current liabilities:    
Accounts payable 9,737 10,159
Accrued expenses 4,415 4,035
Total current deferred revenue 2,980 3,360
PhunCoin deposits 1,202 1,202
Factored receivables payable 363 1,077
Current maturities of long-term debt, net 1,333 0
Total current liabilities 20,030 19,833
Long-term debt 3,810 910
Long-term debt - related party 555 195
Deferred tax liability 241 241
Deferred revenue 2,876 3,764
Deferred rent 195 83
Total liabilities 27,707 25,026
Commitments and contingencies
Stockholders’ equity    
Common stock, $0.0001 par value 4 4
Additional paid-in capital 132,045 128,008
Accumulated other comprehensive loss (457) (382)
Accumulated deficit (131,078) (123,604)
Total stockholders’ equity 514 4,026
Total liabilities and stockholders’ equity $ 28,221 $ 29,052

Source