General form of registration statement for all companies including face-amount certificate companies

CONSOLIDATED FINANCIAL STATEMENT DETAILS

v3.23.1
CONSOLIDATED FINANCIAL STATEMENT DETAILS
 12 Months Ended
Dec. 31, 2022
Balance Sheet Related Disclosures [Abstract]  
CONSOLIDATED FINANCIAL STATEMENT DETAILS CONSOLIDATED FINANCIAL STATEMENT DETAILS
Accounts Receivable
Years Ended
(In thousands, USD) December 31, 2022 December 31,
2021
Accounts receivable $ 46,067  $ 53,415 
Allowance for doubtful accounts (559) (532)
Allowance for credit provisions* (970) (1,268)
Accounts receivable, net
$ 44,538  $ 51,615 
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*Overage/usage charges are evaluated on a monthly basis, and any overage/usage charges determined by management as unlikely to be collected due to a customer disputing the charge or due to a concession are reserved. Reserved items are written off when deemed uncollectible or recognized as revenue if collected.
The Company incurred bad debt expense of $0.4 million, and $0.3 million, for the years ended December 31, 2022, and 2021, respectively.
Prepaid Expenses and Other Current Assets
The Company’s prepaid expenses and other current assets consist of the following:
Years Ended
(In thousands, USD) December 31,
2022		 December 31,
2021
Prepaid expenses 8,362  6,333 
Other current assets 5,122  1,030 
Total Prepaid expenses and other current assets $ 13,484  $ 7,363 
Property and equipment
Major classes of property and equipment consist of the following:
Years Ended
(In thousands, USD) December 31,
2022		 December 31,
2021
Computer hardware $ 17,684  $ 15,747 
Computer software 9,547  9,023 
Furniture and fixtures 2,550  2,242 
Networking equipment 7,715  8,089 
Leasehold improvements 3,017  2,793 
Total property and equipment 40,513  37,894 
Less: accumulated depreciation (28,614) (25,654)
Property and equipment (net) $ 11,899  $ 12,240 
Depreciation expenses for the years ended December 31, 2022, and 2021, was $3.7 million, and $3.7 million, respectively.
Accrued Liabilities
The Company’s accrued liabilities consist of the following:
Years Ended
(In thousands, USD) December 31,
2022		 December 31,
2021
Accrued payroll and related $ 4,804  $ 13,103 
Accrued cost of revenue 4,091  1,886 
Accrued other expenses 3,970  5,552 
Sales and other taxes payable 2,813  1,621 
Finance Lease Obligation 115  191 
Total accrued liabilities $ 15,793  $ 22,353