Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current Assets:    
Cash, cash equivalents and restricted cash $ 20,203 $ 11,299
Accounts receivable, net (Note 9) 7,890 5,196
Inventories 5,284 6,161
Prepaid expenses and other current assets 8,696 5,480
Deferred costs, current portion 3,392 3,281
Notes receivable from franchisees, net (Note 9) 1,130 1,288
Related party receivable (Note 9) 314  
Total current assets 46,909 32,705
Property and equipment, net 12,587 13,694
Goodwill 147,863 139,680
Intangible assets, net 107,896 98,124
Deferred costs, net of current portion 37,021 35,445
Notes receivable from franchisees, net of current portion (Note 9) 2,046 2,576
Other assets 588 614
Total assets 354,910 322,838
Current Liabilities:    
Accounts payable 14,283 18,339
Accrued expenses (Note 9) 13,957 13,764
Deferred revenue, current portion 18,590 14,247
Notes payable (Note 9) 932 970
Current portion of long-term debt 2,120 5,795
Other current liabilities 1,933 1,804
Total current liabilities 51,815 54,919
Deferred revenue, net of current portion 82,137 74,361
Contingent consideration from acquisitions (Note 10) 9,240 8,399
Long-term debt, net of current portion, discount and issuance costs 204,733 176,002
Other liabilities 4,431 4,408
Total liabilities 352,356 318,089
Commitments and contingencies (Note 10)
Member’s equity:    
Member’s contribution 124,251 113,697
Receivable from Member (Note 9) (1,454) (1,456)
Accumulated deficit (120,243) (107,492)
Total member’s equity 2,554 4,749
Total liabilities and member’s equity $ 354,910 $ 322,838