Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 13,104 $ 7,399
Restricted cash 322 141
Accounts receivable 3,210 3,352
Other receivable - current 4,000 0
Mortgage loans held for sale, at fair value 9,033 8,602
Prepaid and other current assets 5,336 3,700
Total current assets 35,005 23,194
Property and equipment, net 1,945 2,340
Lease right of use assets 4,017 4,150
Intangible assets, net 17,537 23,909
Goodwill 19,344 25,607
Other receivable - long-term 3,000 0
Other assets 81 58
Total assets 80,929 79,258
Current liabilities:    
Accounts payable 4,932 3,396
Accrued and other current liabilities 4,129 2,681
Warehouse lines of credit 8,642 8,355
Lease liability - current portion 1,275 1,504
Long-term debt - current portion 3,671 416
Total current liabilities 22,649 16,352
Lease liability, net of current portion 3,782 3,824
Long-term debt, net of current portion 5,089 3,467
Other long-term liabilities 2,297 381
Total liabilities 33,817 24,024
Commitments and contingencies (Note 17)
Stockholders’ equity:    
Common stock (no par value, shares authorized, 100,000,000; shares issued and outstanding, 21,798,554 and 20,671,515 as of September 30, 2024 and December 31, 2023, respectively) 0 0
Additional paid-in capital 134,040 126,820
Accumulated deficit (86,928) (71,586)
Total stockholders' equity 47,112 55,234
Total liabilities and stockholders’ equity $ 80,929 $ 79,258