Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 5,682 $ 7,399
Restricted cash 280 141
Accounts receivable 2,996 3,352
Mortgage loans held for sale, at fair value 8,731 8,602
Prepaid and other current assets 4,601 3,700
Total current assets 22,290 23,194
Property and equipment, net 2,224 2,340
Lease right of use assets 4,997 4,150
Intangible assets, net 23,080 23,909
Goodwill 25,607 25,607
Other assets 50 58
Total assets 78,248 79,258
Current liabilities:    
Accounts payable 3,830 3,396
Accrued and other current liabilities 3,710 2,681
Warehouse lines of credit 8,518 8,355
Lease liability - current portion 1,507 1,504
Long-term debt - current portion 246 416
Total current liabilities 17,811 16,352
Lease liability, net of current portion 4,630 3,824
Long-term debt, net of current portion 3,490 3,467
Other long-term liabilities 386 381
Total liabilities 26,317 24,024
Commitments and contingencies (Note 17)
Stockholders’ equity:    
Common stock (no par value, shares authorized, 100,000,000; shares issued and outstanding, 20,838,420 and 20,671,515 as of March 31, 2024 and December 31, 2023, respectively) 0 0
Additional paid-in capital 129,444 126,820
Accumulated deficit (77,513) (71,586)
Total equity 51,931 55,234
Total liabilities and stockholders’ equity $ 78,248 $ 79,258