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
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 73,622 $ 90,001
Restricted cash 468 1,701
Short-term investments 680 6,236
Trade receivables, net 95,768 85,945
Deferred cost 329 341
Prepaid expenses 4,340 5,357
Other current assets 1,436 2,599
Total current assets 176,643 192,180
Property and equipment, net 20,384 18,811
Intangible assets, net 115,146 125,396
Goodwill 111,893 110,465
Deferred tax assets 376 1,230
Other long-term assets 1,525 399
Total Assets 425,967 448,481
Current liabilities:    
Accounts payable 71,934 70,942
Lines of credit 3,182 5,256
Current portion of bank and other borrowings 10,581 10,508
Current portion of notes payable 405  
Deferred revenue 6,934 9,553
Payroll and payroll related accrued liabilities 6,567 6,907
Other current liabilities 6,327 8,274
Total current liabilities 105,930 111,440
Long-term portion of bank and other borrowings 15,928 22,910
Long-term portion of notes payable 190,733 190,147
Long-term portion of employee benefit obligation 2,377 2,338
Deferred tax liabilities 5,205 2,384
Other long-term liabilities 892 1,840
Total Liabilities 321,065 331,059
Commitments and contingencies (Note 13)
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 June 30, 2022 and December 31, 2021; 47,142,422 shares issued and 44,344,364 shares outstanding as of June 30, 2022 and 44,831,695 shares issued and 42,033,637 shares outstanding as of December 31, 2021 5 4
Additional paid-in capital 270,672 251,659
Treasury stock, at cost; 2,798,058 shares as of June 30, 2022 and December 31, 2021 (30,431) (30,431)
Accumulated other comprehensive loss (4,535) (2,010)
Accumulated deficit (130,809) (101,800)
Total stockholders’ equity 104,902 117,422
Total liabilities and stockholders’ equity (deficit) $ 425,967 $ 448,481