Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 35,507 $ 32,970
Short-term investments 4,287 4,843
Trade receivables, net 41,611 43,651
Prepaid expenses 1,233 1,447
Other current assets 5,222 2,134
Total current assets 87,860 85,045
Property and equipment, net 7,113 6,726
Intangible assets, net 7,156 7,574
Goodwill 16,612 16,657
Deferred tax assets 40 703
Other long-term assets 299 1,797
Total Assets 119,080 118,502
Current liabilities:    
Accounts payable 46,135 51,768
Debt for forward share purchase agreements   483
Notes payable due to related parties 3,750 7,500
Lines of credit 4,439 5,273
Current portion of bank and other borrowings 8,082 10,798
Deferred revenue 3,107 3,666
Payroll and payroll related accrued liabilities 3,374 3,292
Other current liabilities 2,786 5,988
Total current liabilities 71,673 88,768
Long-term portion of bank and other borrowings 31,020 31,974
Long-term portion of notes payable 405 2,700
Long-term portion of employee benefit obligation 1,886 1,886
Other long-term liabilities 2,158 603
Total Liabilities 107,142 125,931
Commitments and contingencies (Note 14)
Stockholders’ equity (deficit):    
Preferred stock, par value of $0.0001 per share; 1,000,000 shares authorized; no shares issued or outstanding
Common stock, par value of $0.0001 per share; 100,000,000 shares authorized as of March 31, 2021 and December 31, 2020; 33,728,675 shares issued and 30,930,617 shares outstanding as of March 31, 2021 and 33,086,745 shares issued and 30,288,687 shares outstanding as of December 31, 2020 3 3
Additional paid-in capital 122,252 93,628
Treasury stock, at cost; 2,798,058 shares as of March 31, 2021 and December 31, 2020 (30,431) (30,431)
Accumulated other comprehensive loss (1,725) (2,826)
Accumulated deficit (78,161) (67,803)
Total stockholders’ equity (deficit) 11,938 (7,429)
Total liabilities and stockholders’ equity (deficit) $ 119,080 $ 118,502