Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 32,970 $ 16,103
Restricted cash   20,894
Short-term investments 4,843 5,124
Trade receivables, net 43,651 39,509
Prepaid expenses 1,447 648
Other current assets 2,134 4,224
Total current assets 85,045 86,502
Property and equipment, net 6,726 3,393
Intangible assets, net 7,574 9,353
Goodwill 16,657 16,953
Deferred tax assets 703  
Other long-term assets 1,797 1,203
Total Assets 118,502 117,404
Current liabilities:    
Accounts payable 51,768 63,320
Debt for forward share purchase agreements 483 34,013
Notes payable   1,667
Notes payable due to related parties 7,500 9,411
Lines of credit 5,273 3,627
Current portion of bank and other borrowings 10,798 7,564
Deferred revenue 3,666 1,397
Preference shares   683
Preference shares due to related parties   1,847
Payroll and payroll related accrued liabilities 3,292 1,038
Other current liabilities 5,988 1,379
Total current liabilities 88,768 125,946
Long-term portion of bank and other borrowings 31,974 16,134
Long-term portion of notes payable 2,700  
Long-term portion of notes payable due to related parties   7,500
Long-term portion of employee benefit obligation 1,886 1,398
Deferred tax liabilities   2,045
Other long-term liabilities 603 3,155
Total Liabilities 125,931 156,178
Commitments and contingencies (Note 20)
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; 33,086,745 shares issued and 30,288,687 shares outstanding as of December 31, 2020 and 19,977,113 shares issued and outstanding as of December 31, 2019 3 2
Additional paid-in capital 93,628 2,143
Treasury stock, at cost; 2,798,058 and 0 shares as of December 31, 2020 and 2019, respectively (30,431)  
Accumulated other comprehensive income (loss) (2,826) 74
Accumulated deficit (67,803) (40,993)
Total stockholders’ equity (deficit) (7,429) (38,774)
Total liabilities and stockholders’ equity (deficit) $ 118,502 $ 117,404