ASURE SOFTWARE INC
For the period ended Dec 31, 2024. Filed Mar 6, 2025.
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FY2024 · Filed Mar 6, 2025
ASUR$10.38+7.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
(in thousands, except per share amounts)
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $21,425 | $30,317 |
| Accounts receivable, net of allowance for credit losses of $6,328 and $4,787 at December 31, 2024, and December 31, 2023, respectively | 18,154 | 14,202 |
| Inventory | 195 | 155 |
| Prepaid expenses and other current assets | 4,888 | 3,471 |
| Total current assets before funds held for clients | 44,662 | 48,145 |
| Funds held for clients | 192,615 | 219,075 |
| Total current assets | 237,277 | 267,220 |
| Property and equipment, net | 19,669 | 14,517 |
| Goodwill | 94,724 | 86,011 |
| Intangible assets, net | 69,114 | 62,082 |
| Operating lease assets, net | 4,041 | 4,991 |
| Other assets, net | 11,813 | 9,047 |
| Total assets | $436,638 | $443,868 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Current portion of notes payable | $7,008 | $27 |
| Accounts payable | 1,364 | 2,570 |
| Accrued compensation and benefits | 4,485 | 6,519 |
| Operating lease liabilities, current | 1,438 | 1,490 |
| Other accrued liabilities | 6,600 | 3,862 |
| Deferred revenue | 8,363 | 6,853 |
| Total current liabilities before client fund obligations | 29,258 | 21,321 |
| Client fund obligations | 194,378 | 220,019 |
| Total current liabilities | 223,636 | 241,340 |
| Long-term liabilities: | ||
| Deferred revenue | 3,430 | 16 |
| Deferred tax liability | 2,612 | 1,728 |
| Notes payable, net of current portion | 5,709 | 4,282 |
| Operating lease liabilities, noncurrent | 3,578 | 4,638 |
| Other liabilities | 358 | 209 |
| Total long-term liabilities | 15,687 | 10,873 |
| Total liabilities | 239,323 | 252,213 |
| Stockholders’ equity: | ||
| Preferred stock, $0.01 par value; 1,500 shares authorized; none issued or outstanding | — | — |
| Common stock, $0.01 par value; 44,000 shares authorized; 26,671 and 25,382 shares issued, 26,671 and 24,998 shares outstanding at December 31, 2024, and December 31, 2023, respectively | 267 | 254 |
| Treasury stock at cost, zero(1) and 384 shares at December 31, 2024, and December 31, 2023, respectively | — | (5,017) |
| Additional paid-in capital | 504,849 | 487,973 |
| Accumulated deficit | (307,226) | (290,440) |
| Accumulated other comprehensive loss | (575) | (1,115) |
| Total stockholders’ equity | 197,315 | 191,655 |
| Total liabilities and stockholders’ equity | $436,638 | $443,868 |
| (1) The aggregate Treasury stock of prior repurchases of our own common stock was retired and subsequently issued effective January 1, 2024. See the Consolidated Statement of Changes in Stockholders’ Equity for the impact of this transaction. | ||
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