Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 7,127 $ 7,399
Restricted cash 263 141
Accounts receivable 3,147 3,352
Other receivable-current 4,000 0
Mortgage loans held for sale, at fair value 4,772 8,602
Prepaid and other current assets 5,647 3,700
Total current assets 24,956 23,194
Property and equipment, net 1,854 2,340
Lease right of use assets 3,781 4,150
Intangible assets, net 20,234 23,909
Goodwill 21,498 25,607
Other receivable-long-term 3,000 0
Other assets 74 58
Total assets 75,397 79,258
Current liabilities:    
Accounts payable 4,305 3,396
Accrued and other current liabilities 4,894 2,681
Warehouse lines of credit 4,556 8,355
Lease liability - current portion 1,237 1,504
Long-term debt - current portion 4,389 416
Total current liabilities 19,381 16,352
Lease liability, net of current portion 3,522 3,824
Long-term debt, net of current portion 5,087 3,467
Other long-term liabilities 2,726 381
Total liabilities 30,716 24,024
Commitments and contingencies (Note 18)
Stockholders’ equity:    
Common stock (no par value, shares authorized, 100,000,000; shares issued and outstanding, 22,732,716 and 20,671,515 as of December 31, 2024 and 2023, respectively) 0 0
Additional paid-in capital 137,844 126,820
Accumulated deficit (93,163) (71,586)
Total stockholders’ equity 44,681 55,234
Total liabilities and stockholders’ equity $ 75,397 $ 79,258