Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheet

v3.20.1
Condensed Consolidated Balance Sheet - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash $ 833 $ 276
Accounts receivable, net of allowance for doubtful accounts of $3,153 and $3,179 at March 31, 2020 and December 31, 2019, respectively 913 1,671
Prepaid expenses and other current assets 475 368
Total current assets 2,221 2,315
Property and equipment, net 16 24
Goodwill 25,784 25,857
Intangible assets, net 212 253
Deferred tax asset – long term 241 241
Restricted cash 91 86
Other assets 276 276
Total assets 28,841 29,052
Current liabilities:    
Accounts payable 10,670 10,159
Accrued expenses 4,404 4,035
Total current deferred revenue 3,132 3,360
PhunCoin deposits 1,202 1,202
Factored receivables payable 450 1,077
Current maturities of long-term debt, net 1,195 0
Total current liabilities 21,053 19,833
Long-term debt 2,104 910
Long-term debt - related party 755 195
Deferred tax liability 241 241
Deferred revenue 3,200 3,764
Deferred rent 135 83
Total liabilities 27,488 25,026
Commitments and contingencies
Stockholders’ equity    
Common stock, $0.0001 par value 4 4
Additional paid in capital 129,370 128,008
Accumulated other comprehensive loss (454) (382)
Accumulated deficit (127,567) (123,604)
Total stockholders’ equity 1,353 4,026
Total liabilities and stockholders’ equity $ 28,841 $ 29,052