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, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 6,723 $ 8,320
Restricted cash 78 60
Accounts receivable 3,410 3,074
Mortgage loans held for sale, at fair value 4,619 3,694
Prepaid and other current assets 3,466 3,668
Total current assets 18,296 18,816
Property and equipment, net 2,828 2,945
Lease right of use assets 5,175 5,508
Intangible assets, net 26,608 27,259
Goodwill 25,607 25,607
Other assets 55 52
Total assets 78,569 80,187
Current liabilities:    
Accounts payable 3,987 3,343
Accrued and other current liabilities 3,814 3,403
Warehouse lines of credit 4,477 3,580
Lease liability - current portion 269 564
Long-term debt - current portion 1,636 1,609
Total current liabilities 14,183 12,499
Lease liability, net of current portion 4,843 5,241
Long-term debt, net of current portion 106 129
Other long-term liabilities 297 297
Total liabilities 19,429 18,166
Commitments and contingencies (Note 18)
Stockholders' equity:    
Common stock (no par value, shares authorized, 100,000,000; shares issued and outstanding, 18,071,111 and 17,468,562 as of March 31, 2023 and December 31, 2022, respectively) 0 0
Additional paid-in capital 112,446 109,626
Accumulated deficit (53,306) (47,605)
Total stockholders' equity 59,140 62,021
Total liabilities and stockholders' equity $ 78,569 $ 80,187