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
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 31,514 $ 16,103
Restricted cash   20,894
Short-term investments 5,138 5,124
Trade receivables, net 40,006 39,509
Prepaid expenses 1,227 648
Other current assets 1,774 4,224
Total current assets 79,659 86,502
Property and equipment, net 5,825 3,393
Intangible assets, net 7,937 9,353
Goodwill 16,558 16,953
Other long-term assets 1,783 1,203
Total Assets 111,762 117,404
Current liabilities:    
Accounts payable 48,076 63,320
Debt for forward share purchase agreements 480 34,013
Notes payable   1,667
Notes payable due to related parties 3,750 9,411
Lines of credit 4,567 3,627
Current portion of bank and other borrowings 9,675 7,564
Deferred revenue 1,519 1,397
Preference shares   683
Preference shares due to related parties   1,847
Payroll and payroll related accrued liabilities 3,819 1,038
Other current liabilities 1,759 1,379
Total current liabilities 73,645 125,946
Long-term portion of bank and other borrowings 33,462 16,134
Long-term portion of notes payable 2,700  
Long-term portion of notes payable due to related parties 3,750 7,500
Long-term portion of employee benefit obligation 1,641 1,398
Deferred tax liabilities 1,093 2,045
Other long-term liabilities 1,335 3,155
Total Liabilities 117,626 156,178
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 September 30, 2020 and December 31, 2019; 31,273,139 shares issued and 28,475,081 shares outstanding as of September 30, 2020 and 19,977,113 shares issued and outstanding as of December 31, 2019 3 2
Additional paid-in capital 89,574 2,143
Treasury stock, at cost; 2,798,058 and 0 shares as of September 30, 2020 and December 31, 2019, respectively (30,431)  
Accumulated other comprehensive income (loss) (1,733) 74
Accumulated deficit (63,277) (40,993)
Total stockholders’ equity (deficit) (5,864) (38,774)
Total liabilities and stockholders’ equity (deficit) $ 111,762 $ 117,404