v3.23.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 5,075 $ 10,479
Accounts receivable and contract asset, net 26,721 30,957
Prepaid expenses and other current assets 3,474 3,225
Total current assets 35,270 44,661
Property and equipment, net 22,361 21,988
Operating lease right-of-use assets 3,012 3,240
Goodwill 22,971 22,971
Intangible assets, net 26,671 27,318
Other assets 2,807 2,570
Total assets 113,092 122,748
Current liabilities    
Accounts payable 2,520 1,633
Deferred revenue, short-term 35,620 41,907
Accrued expenses and other current liabilities 6,649 9,965
Total current liabilities 44,789 53,505
Deferred revenue, long-term 1,839 1,813
Deferred tax liability 685 685
Other liabilities 5,550 5,800
Total liabilities 52,863 61,803
Commitments and contingencies (Note 14)
Stockholders' equity    
Preferred stock: $0.005 par value; 20,000,000 shares authorized; no shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively
Common stock: $0.005 par value; 500,000,000 shares authorized; 12,243,780 and 12,243,929 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively 62 62
Additional paid-in capital 154,664 153,573
Accumulated deficit (94,190) (92,400)
Accumulated other comprehensive loss (307) (290)
Total stockholders' equity 60,229 60,945
Total liabilities and stockholders' equity $ 113,092 $ 122,748

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