Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.21.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 70,303 $ 32,970 [1]
Restricted cash 1,738  
Short-term investments 36,447 4,843 [1]
Trade receivables, net 82,749 43,651 [1]
Prepaid expenses 3,444 1,447 [1]
Deferred costs 330  
Other current assets 4,408 2,134 [1]
Total current assets 199,419 85,045 [1]
Property and equipment, net 17,203 6,726 [1]
Intangible assets, net 130,085 7,574 [1]
Goodwill 110,657 16,657 [1]
Deferred tax assets [1]   703
Other long-term assets 395 1,797 [1]
Total Assets 457,759 118,502 [1]
Current liabilities:    
Accounts payable 74,692 51,768 [1]
Debt for forward share purchase agreements [1]   483
Notes payable due to related parties [1]   7,500
Lines of credit 5,464 5,273 [1]
Current portion of bank and other borrowings 10,455 10,798 [1]
Deferred revenue 11,055 3,666 [1]
Payroll and payroll related accrued liabilities 5,450 3,292 [1]
Other current liabilities 8,879 5,988 [1]
Total current liabilities 115,995 88,768 [1]
Long-term portion of bank and other borrowings 26,574 31,974 [1]
Long-term portion of notes payable 189,647 2,700 [1]
Long-term portion of employee benefit obligation 2,158 1,886 [1]
Deferred tax liability 2,402  
Other long-term liabilities 2,004 603 [1]
Total Liabilities 338,780 125,931 [1]
Commitments and contingencies (Note 15) [1]
Stockholders’ equity (deficit):    
Preferred stock, par value of $0.0001 per share; 1,000,000 shares authorized; no shares issued or outstanding [1]
Common stock, par value of $0.0001 per share; 100,000,000 shares authorized as of September 30, 2021 and December 31, 2020; 44,480,829 shares issued and 41,682,771 shares outstanding as of September 30, 2021 and 33,086,745 shares issued and 30,288,687 shares outstanding as of December 31, 2020 4 3 [1]
Additional paid-in capital 246,205 93,628 [1]
Treasury stock, at cost; 2,798,058 shares as of September 30, 2021 and December 31, 2020 (30,431) (30,431) [1]
Accumulated other comprehensive loss (2,292) (2,826) [1]
Accumulated deficit (94,507) (67,803) [1]
Total stockholders’ equity (deficit) 118,979 (7,429) [1]
Total liabilities and stockholders’ equity (deficit) $ 457,759 $ 118,502 [1]
[1]

The condensed consolidated balance sheet as of December 31, 2020 has been derived from the audited consolidated financial statements as of that date.