Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.0.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Summary of Property and Equipment Estimated Useful Lives Depreciation is recognized on a straight-line method, based on the following estimated useful lives:

 

Furniture and equipment

5 years

Computers and software

3-5 years

Vehicles

5 years

Leasehold improvements

Lesser of useful life or lease term

Reconciliation of Activity Related to Accounts Receivable, Other Receivables and Notes Receivable Allowance for Credit Losses

The following table provides a reconciliation of the activity related to the Company’s accounts receivable, other receivables and notes receivable allowance for credit losses:

 

 

 

Accounts receivable

 

 

Other receivables

 

 

Notes receivable

 

 

Total

 

Balance at January 1, 2019

 

$

137

 

 

$

 

 

$

676

 

 

$

813

 

Bad debt expense recognized during the year

 

 

228

 

 

 

429

 

 

 

1,299

 

 

 

1,956

 

Write-off of uncollectible amounts

 

 

(140

)

 

 

 

 

 

 

 

 

(140

)

Balance at December 31, 2019

 

 

225

 

 

 

429

 

 

 

1,975

 

 

 

2,629

 

Bad debt expense recognized during the year

 

 

2,685

 

 

 

 

 

 

81

 

 

 

2,766

 

Write-off of uncollectible amounts

 

 

(505

)

 

 

 

 

 

(147

)

 

 

(652

)

Balance at December 31, 2020

 

 

2,405

 

 

 

429

 

 

 

1,909

 

 

 

4,743

 

Bad debt expense recognized during the year

 

 

102

 

 

 

 

 

 

308

 

 

 

410

 

Write-off of uncollectible amounts

 

 

(314

)

 

 

 

 

 

(78

)

 

 

(392

)

Balance at December 31, 2021

 

$

2,193

 

 

$

429

 

 

$

2,139

 

 

$

4,761

 

Summary of Accrued Expenses Accrued expenses consisted of the following:

 

 

 

December 31,

 

 

 

2021

 

 

2020

 

Accrued compensation

 

$

4,248

 

 

$

2,351

 

Contingent consideration from acquisitions, current portion

 

 

3,678

 

 

 

3,229

 

Sales tax accruals

 

 

6,003

 

 

 

4,931

 

Legal accruals

 

 

2,932

 

 

 

 

Accrued offering costs

 

 

 

 

 

2,151

 

Accrued deemed dividend

 

 

3,250

 

 

 

 

Other accruals

 

 

934

 

 

 

1,102

 

Total accrued expenses

 

$

21,045

 

 

$

13,764