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, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 6,616 $ 8,320
Restricted cash 146 60
Accounts receivable 4,124 3,074
Mortgage loans held for sale, at fair value 7,152 3,694
Prepaid and other current assets 3,604 3,668
Total current assets 21,642 18,816
Noncurrent assets:    
Property and equipment, net 2,460 2,945
Lease right of use assets 4,392 5,508
Intangible assets, net 24,637 27,259
Goodwill 25,607 25,607
Other assets 59 52
Total assets 78,797 80,187
Current liabilities:    
Accounts payable 3,402 3,343
Accrued and other current liabilities 3,034 3,403
Warehouse lines of credit 6,890 3,580
Lease liability - current portion 1,509 1,609
Long-term debt - current portion 290 564
Total current liabilities 15,125 12,499
Noncurrent liabilities:    
Lease liability, net of current portion 4,105 5,241
Long-term debt, net of current portion 3,451 129
Other long-term liabilities 312 297
Total liabilities 22,993 18,166
Commitments and contingencies (Note 18)
Stockholders’ equity:    
Common stock (no par value, shares authorized, 100,000,000; shares issued and outstanding, 18,174,473 and 17,468,562 as of September 30, 2023 and December 31, 2022, respectively) 0 0
Additional paid-in capital 118,951 109,626
Accumulated deficit (63,147) (47,605)
Total stockholders’ equity 55,804 62,021
Total liabilities and stockholders’ equity $ 78,797 $ 80,187