Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheet

v3.19.2
Condensed Consolidated Balance Sheet - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash $ 248 $ 844
Accounts receivable, net 3,546 3,606
Prepaid expenses and other current assets 740 272
Total current assets 4,534 4,722
Property and equipment, net 36 66
Goodwill 25,817 25,821
Intangible assets, net 378 521
Deferred tax asset – long term 64 64
Restricted Cash 0 5,500
Other assets 187 187
Total assets 31,016 36,881
Current liabilities:    
Accounts payable 9,083 9,890
Accrued expenses 3,357 3,028
Deferred revenue 2,101 2,629
PhunCoin deposits 1,181 0
Factored receivables payable 1,775 2,434
Short term notes payable - related party 0 1,993
Total current liabilities 17,497 19,974
Convertible note payable (see Note 5) 250 0
Deferred tax liability 64 64
Deferred revenue 5,048 5,622
Deferred rent 14 17
Total liabilities 22,873 25,677
Commitments and contingencies (see Note 6)
Redeemable convertible preferred stock, $0.0001 par value (see Note 8) 0 5,377
Stockholders’ equity    
Common stock, $0.0001 par value (see Note 9) 4 3
Additional paid in capital 125,854 118,062
Accumulated other comprehensive loss (421) (418)
Accumulated deficit (117,294) (111,820)
Total stockholders’ equity 8,143 5,827
Total liabilities, redeemable convertible preferred stock, and stockholders’ equity $ 31,016 $ 36,881