Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 690 $ 1,500
Restricted cash 624 1,180
Deferred course expenses 280 1,167
Prepaid expenses and other current assets 511 1,578
Inventory 1 10
Discontinued operations current assets 820
Total current assets 2,106 6,255
Property and equipment, net 4
Right-of-use assets 26 45
Other assets 6 6
Discontinued operations-other assets 33 34
Total assets 2,171 6,344
Current liabilities:    
Accounts payable 1,451 1,762
Royalties payable 110 113
Accrued course expenses 266 277
Accrued salaries, wages and benefits 80 73
Operating lease liability, current portion 26 25
Other accrued expenses 3,164 3,888
Deferred revenue 4,302 10,382
Short-term related party debt, net of unamortized debt discount of $26 20
Current portion of long term-debt, net of unamortized debt discount of $0 1,018
Discontinued operations-current liabilities 9,809 11,286
Total current liabilities 20,246 27,806
Long-term debt, net of current portion and net of unamortized debt discount of $492 1,908 1,900
Deferred tax liability, net 1,513 134
Other long term liabilities 120
Operating lease liability, net of current portion 20
Total liabilities 23,667 29,980
Commitments and contingencies (Note 13)
Preferred stock, $0.0001 par value, 20,000,000 shares authorized, none issued
Common stock, $0.0001 par value; 200,000,000 authorized; 33,262,697 and 23,279,197 shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively 3 2
Additional paid-in capital 12,896 11,564
Cumulative foreign currency translation adjustment 803 416
Accumulated deficit (35,198) (35,618)
Total stockholders’ deficit (21,496) (23,636)
Total liabilities and stockholders’ deficit $ 2,171 $ 6,344