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

Consolidated Balance Sheets

v3.21.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Dec. 31, 2019
Current assets:      
Cash and cash equivalents $ 690 $ 1,500 $ 3,839
Restricted cash 624 1,180 2,389
Deferred course expenses 280 1,167 6,805
Prepaid expenses and other current assets 511 1,578 2,074
Inventory 1 10 47
Discontinued operations current assets 820  
Total current assets 2,106 6,255 15,154
Property and equipment, net 4 1,382
Right-of-use assets 26 45 122
Deferred tax asset, net     287
Other assets 6 6 413
Discontinued operations-other assets 33 34  
Total assets 2,171 6,344 17,358
Current liabilities:      
Accounts payable 1,451 1,762 2,311
Royalties payable 110 113 150
Accrued course expenses 266 277 576
Accrued salaries, wages and benefits 80 73 459
Operating lease liability, current portion 26 25 86
Other accrued expenses 3,164 3,888 1,660
Short-term borrowings and current portion of long-term debt     500
Deferred revenue 4,302 10,382 46,453
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 4,499
Total current liabilities 20,246 27,806 56,694
Long-term debt, net of current portion 1,908 1,900
Deferred tax liability, net 1,513 134
Other long-term liability 120
Operating lease liability, net of current portion 20 27
Total liabilities 23,667 29,980 56,721
Commitments and contingencies (Note 15)  
Stockholders’ deficit:      
Preferred stock, $0.0001 par value, 20,000,000 shares authorized, none issued
Common stock, $0.0001 par value; 200,000,000 authorized; 23,279,197 and 23,162,502 shares issued and outstanding as of December 31, 2020 and December 31, 2019, respectively 3 2 2
Additional paid-in capital 12,896 11,564 11,552
Cumulative foreign currency translation adjustment 803 416 710
Accumulated deficit (35,198) (35,618) (51,627)
Total stockholders’ deficit (21,496) (23,636) (39,363)
Total liabilities and stockholders’ deficit $ 2,171 6,344 $ 17,358
Previously Reported [Member]      
Current assets:      
Cash and cash equivalents   1,514  
Restricted cash   1,180  
Deferred course expenses   1,973  
Prepaid expenses and other current assets   1,578  
Inventory   10  
Discontinued operations current assets    
Total current assets   6,255  
Property and equipment, net   4  
Right-of-use assets   45  
Deferred tax asset, net    
Other assets   40  
Discontinued operations-other assets    
Total assets   6,344  
Current liabilities:      
Accounts payable   2,852  
Royalties payable   113  
Accrued course expenses   277  
Accrued salaries, wages and benefits   73  
Operating lease liability, current portion   25  
Other accrued expenses   4,931  
Short-term borrowings and current portion of long-term debt    
Deferred revenue   15,795  
Discontinued operations-current liabilities   3,740  
Total current liabilities   27,806  
Long-term debt, net of current portion   1,900  
Deferred tax liability, net   134  
Other long-term liability   120  
Operating lease liability, net of current portion   20  
Total liabilities   29,980  
Commitments and contingencies (Note 15)    
Stockholders’ deficit:      
Preferred stock, $0.0001 par value, 20,000,000 shares authorized, none issued    
Common stock, $0.0001 par value; 200,000,000 authorized; 23,279,197 and 23,162,502 shares issued and outstanding as of December 31, 2020 and December 31, 2019, respectively   2  
Additional paid-in capital   11,564  
Cumulative foreign currency translation adjustment   416  
Accumulated deficit   (35,618)  
Total stockholders’ deficit   (23,636)  
Total liabilities and stockholders’ deficit   $ 6,344