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, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 86,222 $ 90,001
Restricted cash 1,667 1,701
Short-term investments 7,294 6,236
Trade receivables, net 82,038 85,945
Deferred cost 319 341
Prepaid expenses 4,718 5,357
Other current assets 1,662 2,599
Total current assets 183,920 192,180
Property and equipment, net 19,824 18,811
Intangible assets, net 120,575 125,396
Goodwill 110,088 110,465
Deferred tax assets 538 1,230
Other long-term assets 1,464 399
Total Assets 436,409 448,481
Current liabilities:    
Accounts payable 69,209 70,942
Lines of credit 4,649 5,256
Current portion of bank and other borrowings 10,657 10,508
Deferred revenue 6,778 9,553
Payroll and payroll related accrued liabilities 8,908 6,907
Other current liabilities 8,813 8,274
Total current liabilities 109,014 111,440
Long-term portion of bank and other borrowings 19,988 22,910
Long-term portion of notes payable 190,625 190,147
Long-term portion of employee benefit obligation 2,393 2,338
Deferred tax liabilities 2,756 2,384
Other long-term liabilities 1,253 1,840
Total Liabilities 326,029 331,059
Commitments and contingencies (Note 15)
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, 2022 and December 31, 2021; 45,159,891 shares issued and 42,361,833 shares outstanding as of March 31, 2022 and 44,831,695 shares issued and 42,033,637 shares outstanding as of December 31, 2021 4 4
Additional paid-in capital 258,418 251,659
Treasury stock, at cost; 2,798,058 shares as of March 31, 2022 and December 31, 2021 (30,431) (30,431)
Accumulated other comprehensive loss (2,639) (2,010)
Accumulated deficit (114,972) (101,800)
Total stockholders’ equity 110,380 117,422
Total liabilities and stockholders’ equity (deficit) $ 436,409 $ 448,481