Asure Software (ASUR) 10-Q 7 Aug 23 2023 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2023	Aug. 04, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	1-34522
Entity Registrant Name	ASURE SOFTWARE, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	74-2415696
Entity Address, Address Line One	405 Colorado Street, Suite 1800
Entity Address, City or Town	Austin
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	78701
City Area Code	512
Local Phone Number	437-2700
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		20,919,695
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Entity Central Index Key	0000884144
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Common Stock, $0.01 par value
Document Information [Line Items]
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	ASUR
Security Exchange Name	NASDAQ
Series A Junior Participating Preferred Share Purchase Rights
Document Information [Line Items]
Title of 12(b) Security	Series A Junior Participating Preferred Share Purchase Rights
No Trading Symbol Flag	true

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) shares in Thousands, $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Current assets:
Cash, cash equivalents, and restricted cash	$ 21,613	$ 17,010
Accounts receivable, net of allowance for doubtful accounts of $4,863 and $3,248 at June 30, 2023 and December 31, 2022, respectively	16,629	12,123
Inventory	134	251
Prepaid expenses and other current assets	3,960	10,304
Total current assets before funds held for clients	42,336	39,688
Funds held for clients	186,517	203,588
Total current assets	228,853	243,276
Property and equipment, net	12,588	11,439
Goodwill	86,011	86,011
Intangible assets, net	60,635	66,594
Operating lease assets, net	5,898	7,065
Other assets, net	7,033	5,523
Total assets	401,018	419,908
Current liabilities:
Current portion of notes payable	6,557	4,106
Accounts payable	1,365	2,194
Accrued compensation and benefits	4,826	5,791
Operating lease liabilities, current	1,525	1,860
Other accrued liabilities	6,542	3,728
Contingent purchase consideration	2,299	2,955
Deferred revenue	3,293	8,461
Total current liabilities before client fund obligations	26,407	29,095
Client fund obligations	188,863	206,088
Total current liabilities	215,270	235,183
Long-term liabilities:
Deferred revenue	1,334	788
Deferred tax liability	1,589	1,503
Notes payable, net of current portion	30,226	30,795
Operating lease liabilities, noncurrent	5,631	6,459
Other liabilities	154	114
Total long-term liabilities	38,934	39,659
Total liabilities	254,204	274,842
Stockholders’ equity:
Preferred stock, $0.01 par value; 1,500 shares authorized; none issued or outstanding	0	0
Common stock, $0.01 par value; 44,000 shares authorized; 21,089 and 20,628 shares issued, 20,705 and 20,244 shares outstanding at June 30, 2023 and December 31, 2022, respectively	211	206
Treasury stock at cost, 384 shares at June 30, 2023 and December 31, 2022	(5,017)	(5,017)
Additional paid-in capital	438,767	433,586
Accumulated deficit	(284,652)	(281,226)
Accumulated other comprehensive loss	(2,495)	(2,483)
Total stockholders’ equity	146,814	145,066
Total liabilities and stockholders’ equity	$ 401,018	$ 419,908
Common stock, shares authorized	44,000	44,000

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) shares in Thousands, $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 4,863	$ 3,248
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	1,500	1,500
Preferred stock, shares outstanding	0	0
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	44,000	44,000
Common stock, shares issued	21,089	20,628
Common stock, shares outstanding	20,705	20,244
Treasury Stock, Common, Shares	384	384

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenue:
Total revenue	$ 30,420	$ 20,300	$ 63,484	$ 44,633
Cost of Sales	8,402	8,039	17,066	16,908
Gross profit	22,018	12,261	46,418	27,725
Operating expenses:
Sales and marketing	8,515	4,589	15,715	9,486
General and administrative	10,336	8,696	20,292	16,181
Research and development	1,325	1,472	3,304	3,293
Amortization of intangible assets	3,294	3,352	6,596	6,784
Total operating expenses	23,470	18,109	45,907	35,744
(Loss) income from operations	(1,452)	(5,848)	511	(8,019)
Interest expense, net	(1,593)	(1,085)	(3,538)	(1,901)
Other (expense) income, net	(93)	1,147	(9)	1,147
Loss from operations before income taxes	(3,138)	(5,786)	(3,036)	(8,773)
Income tax expense	627	74	390	104
Net loss	(3,765)	(5,860)	(3,426)	(8,877)
Other comprehensive loss:
Unrealized loss on marketable securities	(493)	(496)	(12)	(1,559)
Comprehensive loss	$ (4,258)	$ (6,356)	$ (3,438)	$ (10,436)
Basic and diluted loss per share
Basic (in Dollars per share)	$ (0.18)	$ (0.29)	$ (0.17)	$ (0.44)
Diluted (in Dollars per share)	$ (0.18)	$ (0.29)	$ (0.17)	$ (0.44)
Weighted average basic and diluted shares
Basic (in shares)	20,651	20,106	20,500	20,067
Diluted (in shares)	20,651	20,106	20,500	20,067
Recurring
Revenue:
Total revenue	$ 22,960	$ 19,014	$ 50,916	$ 42,018
Professional services, hardware and other
Revenue:
Total revenue	$ 7,460	$ 1,286	$ 12,568	$ 2,615

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Treasury Stock	Additional Paid-in Capital	Accumulated Deficit	Other Comprehensive Loss
Beginning balance (in shares) at Dec. 31, 2021		20,028
Beginning balance at Dec. 31, 2021	$ 158,240	$ 204	$ (5,017)	$ 429,912	$ (266,760)	$ (99)
Stock issued upon option exercise and vesting of restricted stock units (in shares)		43
Stock issued upon option exercise and vesting of restricted stock units	1	$ 1
Share based compensation	729			729
Net income	(3,017)				(3,017)
Other comprehensive income	(1,063)					(1,063)
Ending balance (in shares) at Mar. 31, 2022		20,071
Ending balance at Mar. 31, 2022	154,890	$ 205	(5,017)	430,641	(269,777)	(1,162)
Beginning balance (in shares) at Dec. 31, 2021		20,028
Beginning balance at Dec. 31, 2021	158,240	$ 204	(5,017)	429,912	(266,760)	(99)
Net income	(8,877)
Ending balance (in shares) at Jun. 30, 2022		20,142
Ending balance at Jun. 30, 2022	149,540	$ 205	(5,017)	431,647	(275,637)	(1,658)
Beginning balance (in shares) at Mar. 31, 2022		20,071
Beginning balance at Mar. 31, 2022	$ 154,890	$ 205	(5,017)	430,641	(269,777)	(1,162)
Stock issued upon option exercise and vesting of restricted stock units (in shares)	0	33
Stock issued upon option exercise and vesting of restricted stock units	$ 0
Stock issued, ESPP (in shares)		38
Stock issued, ESPP	192			192
Share based compensation	814			814
Net income	(5,860)				(5,860)
Other comprehensive income	(496)					(496)
Ending balance (in shares) at Jun. 30, 2022		20,142
Ending balance at Jun. 30, 2022	149,540	$ 205	(5,017)	431,647	(275,637)	(1,658)
Beginning balance (in shares) at Dec. 31, 2022		20,244
Beginning balance at Dec. 31, 2022	145,066	$ 206	(5,017)	433,586	(281,226)	(2,483)
Stock issued upon option exercise and vesting of restricted stock units (in shares)		375
Stock issued upon option exercise and vesting of restricted stock units	1,988	$ 4		1,984
Share based compensation	1,337			1,337
Net income	339				339
Other comprehensive income	481					481
Ending balance (in shares) at Mar. 31, 2023		20,619
Ending balance at Mar. 31, 2023	149,211	$ 210	(5,017)	436,907	(280,887)	(2,002)
Beginning balance (in shares) at Dec. 31, 2022		20,244
Beginning balance at Dec. 31, 2022	145,066	$ 206	(5,017)	433,586	(281,226)	(2,483)
Net income	(3,426)
Ending balance (in shares) at Jun. 30, 2023		20,705
Ending balance at Jun. 30, 2023	146,814	$ 211	(5,017)	438,767	(284,652)	(2,495)
Beginning balance (in shares) at Mar. 31, 2023		20,619
Beginning balance at Mar. 31, 2023	$ 149,211	$ 210	(5,017)	436,907	(280,887)	(2,002)
Stock issued upon option exercise and vesting of restricted stock units (in shares)	6	40
Stock issued upon option exercise and vesting of restricted stock units	$ 42			42
Stock issued, ESPP (in shares)		46
Stock issued, ESPP	237	$ 1		236
Share based compensation	1,582			1,582
Net income	(3,765)				(3,765)
Other comprehensive income	(493)					(493)
Ending balance (in shares) at Jun. 30, 2023		20,705
Ending balance at Jun. 30, 2023	$ 146,814	$ 211	$ (5,017)	$ 438,767	$ (284,652)	$ (2,495)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities:
Net income	$ (3,426)	$ (8,877)
Adjustments to reconcile loss to net cash provided by operations:
Depreciation and amortization	9,675	9,363
Amortization of operating lease assets	775	868
Amortization of debt financing costs and discount	355	345
Non-cash interest expense	1,431	0
Net amortization of premiums and accretion of discounts on available-for-sale securities	(31)	205
Provision for doubtful accounts	1,873	198
Provision for deferred income taxes	86	75
Gain on extinguishment of debt	0	(180)
Net realized losses on sales of available-for-sale securities	(1,024)	(406)
Share-based compensation	2,919	1,544
Loss on disposals of long-term assets	92	1
Change in fair value of contingent purchase consideration	(69)	(955)
Changes in operating assets and liabilities:
Accounts receivable	(6,379)	(627)
Inventory	118	(51)
Prepaid expenses and other assets	4,520	3,890
Operating lease right-of-use assets	189	(997)
Accounts payable	(830)	280
Accrued expenses and other long-term obligations	928	2,099
Operating lease liabilities	(485)	85
Deferred revenue	(4,621)	621
Net cash provided by operating activities	6,096	7,481
Cash flows from investing activities:
Acquisition of intangible asset	0	(2,039)
Purchases of property and equipment	(1,020)	(306)
Software capitalization costs	(3,301)	(1,805)
Purchases of available-for-sale securities	(18,885)	(19,870)
Proceeds from sales and maturities of available-for-sale securities	5,940	2,450
Net cash used in investing activities	(17,266)	(21,570)
Cash flows from financing activities:
Payments of notes payable	(643)	0
Net proceeds from issuance of common stock	2,266	192
Net change in client fund obligations	(17,225)	(32,716)
Net cash used in financing activities	(15,602)	(32,524)
Net decrease in cash, cash equivalents, restricted cash, and restricted cash equivalents	(26,772)	(46,613)
Cash, cash equivalents, restricted cash and restricted cash equivalents, beginning of period	164,042	198,743
Cash, cash equivalents, restricted cash and restricted cash equivalents, end of period	137,270	152,130
Cash, cash equivalents, and restricted cash	21,613	14,594
Restricted cash and cash equivalents held to satisfy client funds obligations	115,657	137,536
Total cash, cash equivalents, restricted cash, and restricted cash equivalents	137,270	152,130
Supplemental information:
Cash paid for interest	2,119	1,435
Cash paid for income taxes	466	175
Acquisition of intangible assets	954	0
Notes payable issued for acquisitions	$ 0	$ 411

THE COMPANY AND BASIS OF PRESEN

THE COMPANY AND BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies	THE COMPANY AND BASIS OF PRESENTATION Asure Software, Inc. (“Asure”, the “Company”, “we” and “our”), a Delaware corporation, is a provider of cloud-based Human Capital Management (“HCM”) software solutions delivered as Software-as-a-Service (“SaaS”) for small and medium-sized businesses (“SMBs”). We offer human resources (“HR”) tools necessary to build a thriving workforce, provide the resources to stay compliant with dynamic federal, state, and local tax jurisdictions and their respective labor laws, freeing cash flows so SMBs can spend their financial capital on growing their businesses rather than administrative overhead that can impede growth. Our solutions also provide new ways for employers to connect with and to differentiate themselves with their employees in order to enhance their relationships with their talent. Asure’s HCM suite (“Asure HCM”) includes Payroll & Tax solutions, HR compliance and services, Time & Attendance software and data integrations that enable employers and their employees to enhance efficiencies and take advantage of value-added solutions, which we refer to as AsureMarketplace™. AsureMarketplace™ automates interactions between our HCM systems with third-party providers to enhance efficiency, improve accuracy and to extend the range of services offered to employers and their employees. The Company’s approach to HR compliance services incorporates artificial intelligence technology to enhance scalability and efficiency while prioritizing client interactions. We offer our services directly and indirectly through our network of Reseller Partners. We strive to be the most trusted HCM resource to SMBs. We target less densely populated U.S. metropolitan cities where fewer of our competitors have a presence. Our solutions solve three primary challenges that prevent businesses from growing: HR complexity, allocation of human and financial capital, and the ability to build great teams. We have and will continue to invest in research and development to expand our solutions. O ur solutions reduce the administrative burden on employers and increase employee productivity while managing the employment lifecycle. The Asure HCM suite includes five product lines: Asure Payroll & Tax, Asure Tax Management Solutions, Asure Time & Attendance, Asure HR Compliance, and AsureMarketplace™. We develop, market, sell and support our offerings nationwide through our principal office in Austin, Texas and from our processing hubs in California, Florida, New Jersey, New York, Tennessee, and Vermont. We have prepared the accompanying unaudited Condensed Consolidated Financial Statements in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”) and accordingly, they do not include all information and footnotes required under U.S. generally accepted accounting principles (“U.S. GAAP”) for complete financial statements. In the opinion of management, these interim financial statements contain all adjustments, consisting of normal, recurring adjustments, necessary for a fair presentation of our financial position as of June 30, 2023, comprehensive loss and changes in stockholders’ equity for the three and six months ended June 30, 2023 and June 30, 2022, and cash flows for the six months ended June 30, 2023 and June 30, 2022. Certain amounts in the prior period financial statements have been reclassified to conform to the presentation of the current period financial statements. These reclassifications had no effect on the consolidated financial position or consolidated results of operations of the Company.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	SIGNIFICANT ACCOUNTING POLICIES USE OF ESTIMATES Preparation of the Condensed Consolidated Financial Statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of the assets and liabilities, the disclosure of contingent assets and liabilities at the date of the Condensed Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting period. These estimates are subjective in nature and involve judgments. The more significant estimates made by management include the valuation allowance for the gross deferred tax assets, the determination of the fair value of its long-lived assets, and the fair value of assets acquired and liabilities assumed during acquisitions. We base our estimates on historical experience and on various other assumptions management believes reasonable under the given circumstances. These estimates could be materially different under different conditions and assumptions. CASH, CASH EQUIVALENTS, AND RESTRICTED CASH The Company considers all highly liquid investments with an original maturity of 90 days or less at the time of purchase to be cash equivalents. Cash equivalents include investments in an institutional money market fund, which invests in U.S. Treasury bills, notes and bonds, and/or repurchase agreements, backed by such obligations. Carrying value approximates fair value. Restricted cash consists of cash balances which are restricted as to withdrawal or usage. As of December 31, 2022, the Company had a restricted cash balance of $500 related to the collateralization of a letter of credit issued by South State Bank in connection with its money transmission licenses, which was released in the first quarter of 2023. As of June 30, 2023, the Company had no restricted cash. RECENT ACCOUNTING PRONOUNCEMENTS In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments — Credit Losses (Topic 326), which establishes a new approach to estimate credit losses on certain financial instruments. The update requires financial assets measured at amortized cost to be presented at the net amount expected to be collected. The amended guidance will also update the impairment model for available-for-sale debt securities, requiring entities to determine whether all or a portion of the unrealized loss on such securities is a credit loss . The standard became effective for interim and annual periods beginning after December 15, 2022. Effective January 1, 2023, the Company adopted the provisions of ASU No. 2016-13 and determined that adoption did not have a material impact on our consolidated financial statements. ACCUMULATED OTHER COMPREHENSIVE LOSS As of June 30, 2023 and December 31, 2022, accumulated other comprehensive loss consisted of net unrealized gains and losses on available-for-sale securities.

BUSINESS COMBINATIONS AND ASSET

BUSINESS COMBINATIONS AND ASSET ACQUISITIONS	6 Months Ended
	Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract]
BUSINESS COMBINATIONS AND ASSET ACQUISITIONS	BUSINESS COMBINATIONS AND ASSET ACQUISITIONS 2022 Effective January 1, 2022, the Company acquired customer relationships of a payroll business for a cash payment of $1,970, which included $31 of transaction costs, and the delivery of a promissory note in the amount of $411. The acquired customer relationships are recorded as an intangible asset and are being amortized on a straight-line basis over eight years. In May 2023, the Company paid the remaining balance of $422 on the promissory note, consisting of $411 in principal and $11 in accrued interest. As of June 30, 2023, there are no further amounts due or owing under the subordinated promissory note. 2021 and 2020 In September 2021, the Company acquired certain assets of two payroll businesses, which were used to provide payroll processing services. In connection with these acquisitions there are two outstanding promissory notes payable in the amounts of $2,223 and $4,667 as of June 30, 2023. One promissory note also includes contingent consideration for which the Company calculated the final value to be $587 as of June 30, 2023. The contingent consideration was added as an increase to the principal balance due on the promissory note during the second quarter of 2023. In July 2020, the Company acquired certain assets of a payroll tax business. The Asset Purchase Agreement set forth two subsequent purchase consideratio n payments, which are contingent on certain thresholds. The first contingent purchase consideration was paid in June 2021. The outstanding contingent purchase consideration of $2,299 was valued based on the trailing twelve-month revenue at October 31, 2021 and was paid in shares of the Company’s common stock in July 2023, see Note 12, Subsequent Events for information regarding final payment of the outstanding contingent purchase consideration occurring after June 30, 2023.

INVESTMENTS AND FAIR VALUE MEAS

INVESTMENTS AND FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
INVESTMENTS AND FAIR VALUE MEASUREMENT	INVESTMENTS AND FAIR VALUE MEASUREMENTS Accounting Standards Codification (ASC) 820 “Fair Value Measurement” (ASC 820) defines fair value, establishes a framework for measuring fair value under U.S. GAAP and enhances disclosures about fair value measurements. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. ASC 820 describes a fair value hierarchy based on the following three levels of inputs that may be used to measure fair value, of which the first two are considered observable and the last unobservable: Level 1: Quoted prices in active markets for identical assets or liabilities; Level 2: Quoted prices in active markets for similar assets or liabilities; quoted prices in markets that are not active for identical or similar assets or liabilities; and model-driven valuations whose significant inputs are observable; and Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. The following table presents the fair value hierarchy for our financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2023 and December 31, 2022, respectively (in thousands): Total Carrying Value Level 1 Level 2 Level 3 June 30, 2023 Assets: Funds held for clients Money market funds $ 14 $ 14 $ — $ — Available-for-sale securities 70,860 — 70,860 — Total $ 70,874 $ 14 $ 70,860 $ — Liabilities: Contingent purchase consideration (1) $ 2,299 $ — $ — $ 2,299 Total $ 2,299 $ — $ — $ 2,299 December 31, 2022 Assets: Funds held for clients Money market funds $ 2,829 $ 2,829 $ — $ — Available-for-sale securities 56,556 — 56,556 — Total $ 59,385 $ 2,829 $ 56,556 $ — Liabilities: Contingent purchase consideration (1) $ 2,955 $ — $ — $ 2,955 Total $ 2,955 $ — $ — $ 2,955 (1) See Note 3 — Business Combinations and Asset Acquisitions for further discussion regarding the contingent purchase consideration. Restricted cash equivalents and investments classified as available-for-sale within funds held for clients consisted of the following (in thousands): Amortized Gross Unrealized Gains (1) Gross Unrealized Losses (1) Aggregate June 30, 2023 Restricted cash equivalents $ 14 $ — $ — $ 14 Available-for-sale securities: Certificates of deposit 976 3 (2) 977 Corporate debt securities 67,108 11 (2,134) 64,985 Municipal bonds 4,774 — (328) 4,446 U.S. Government agency securities 500 — (48) 452 Total available-for-sale securities 73,358 14 (2,512) 70,860 Total (2) $ 73,372 $ 14 $ (2,512) $ 70,874 December 31, 2022 Restricted cash equivalents $ 2,829 $ — $ — $ 2,829 Available-for-sale securities: Certificates of deposit 983 4 (2) 985 Corporate debt securities 52,251 1 (2,023) 50,229 Municipal bonds 5,297 — (405) 4,892 U.S. Government agency securities 500 — (50) 450 Total available-for-sale securities 59,031 5 (2,480) 56,556 Total (2) $ 61,860 $ 5 $ (2,480) $ 59,385 (1) Unrealized gains and losses on available-for-sale securities are included as a component of comprehensive loss. As of June 30, 2023 and December 31, 2022, there were 8 and 3 securities, respectively, in an unrealized gain position and there were 160 and 124 securities in an unrealized loss position, respectively. As of June 30, 2023, these unrealized losses were less than $82 individually and $2,512 in the aggregate. As of December 31, 2022, these unrealized losses were less than $96 individually and $2,480 in the aggregate. These securities have not been in a continuous unrealized gain or loss position for more than 12 months. We do not intend to sell these investments and we do not expect to sell these investments before recovery of their amortized cost basis, which may be at maturity. We review our investments to identify and evaluate investments that indicate credit losses. Factors considered in determining whether a loss is a credit loss include the length of time and extent to which fair value has been less than the cost basis, the credit rating of the investment, and our intent and ability to hold the investment for a period of time sufficient to allow for any anticipated recovery in market value. (2) At June 30, 2023 and December 31, 2022, none of these securities were classified as cash and cash equivalents on the accompanying Condensed Consolidated Balance Sheets. Funds held for clients represent assets that the Company has classified as restricted for use solely for the purposes of satisfying the obligations to remit funds relating to the Company’s payroll and payroll tax filing services, which are classified as client funds obligations on our Condensed Consolidated Balance Sheets. Funds held for clients have been invested in the following categories (in thousands): June 30, 2023 December 31, 2022 Restricted cash and cash equivalents held to satisfy client funds obligations $ 115,657 $ 147,032 Restricted short-term marketable securities held to satisfy client funds obligations 9,762 9,174 Restricted long-term marketable securities held to satisfy client funds obligations 61,098 47,382 Total funds held for clients $ 186,517 $ 203,588 Expected maturities of available-for-sale securities as of June 30, 2023 are as follows (in thousands): One year or less $ 9,762 After one year through five years 61,098 Total $ 70,860

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS	GOODWILL AND OTHER INTANGIBLE ASSETS December 31, 2022 Acquisitions June 30, 2023 Goodwill $ 86,011 $ — $ 86,011 We believe significant synergies are expected to arise from our strategic acquisitions and their assembled work forces. This factor contributed to a purchase price that was in excess of the fair value of the net assets acquired and, as a result, we recorded goodwill for each acquisition. A portion of acquired goodwill will be amortizable for tax purposes. As of June 30, 2023, there has been no impairment of goodwill based on the qualitative assessments performed by the Company. Gross Intangible Assets December 31, 2022 Acquisitions June 30, 2023 Customer relationships $ 116,971 $ — $ 116,971 Developed technology 12,001 — 12,001 Reseller relationships 1,344 954 2,298 Trade names 880 — 880 Non-compete agreements 1,032 — 1,032 $ 132,228 $ 954 $ 133,182 The gross carrying amount and accumulated amortization of our intangible assets as of June 30, 2023 are as follows (in thousands, except weighted average periods): Weighted Average Gross Accumulated Net June 30, 2023 Customer relationships 8.7 $ 116,971 $ (59,235) $ 57,736 Developed technology 6.9 12,001 (10,601) 1,400 Reseller relationships 6.5 2,298 (926) 1,372 Trade names 3.0 880 (863) 17 Non-compete agreements 5.2 1,032 (922) 110 8.4 $ 133,182 $ (72,547) $ 60,635 December 31, 2022 Customer relationships 8.7 $ 116,971 $ (52,700) $ 64,271 Developed technology 6.6 12,001 (10,283) 1,718 Reseller relationships 6.9 1,344 (889) 455 Trade names 3.0 880 (847) 33 Non-compete agreements 5.2 1,032 (915) 117 8.4 $ 132,228 $ (65,634) $ 66,594 We record amortization expenses using the straight-line method over the estimated useful lives of the intangible assets, as noted above. Amortization expenses recorded in Operating Expenses were $6,596 and $6,784 for the six months ended June 30, 2023 and 2022, respectively. Amortization expenses recorded in Cost of Sales were $318 and $593 for the six months ended June 30, 2023 and 2022, respectively. There was no impairment of intangibles during the six months ended June 30, 2023 based on the qualitative assessment performed by the Company. However, if market, political and other conditions over which we have no control continue to affect the capital markets and our stock price declines, we may experience an impairment of our intangibles in future quarters. The following table summarizes the future estimated amortization expense relating to our intangible assets as of June 30, 2023 (in thousands): 2023 $ 6,765 2024 13,498 2025 12,713 2026 9,601 2027 7,426 2028 5,957 Thereafter 4,675 $ 60,635

NOTES PAYABLE

NOTES PAYABLE	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
NOTES PAYABLE	NOTES PAYABLE The following table summarizes our outstanding debt as of the dates indicated (in thousands): Maturity Cash Interest Rate June 30, 2023 December 31, 2022 Subordinated Notes Payable – Acquisitions (1) 12/31/2022 – 9/30/2026 2.00% - 3.00% $ 6,890 $ 6,947 Senior Credit Facility 10/1/2025 14.00% 32,190 30,607 Gross Notes Payable $ 39,080 $ 37,554 (1) See Note 3 — Business Combinations and Asset Acquisitions and Subordinated Notes Payable - Acquisitions section below for further discussion regarding the notes payable related to acquisitions. The following table summarizes the debt issuance costs as of the dates indicated (in thousands): Gross Notes Payable Debt Issuance Costs and Debt Discount Net Notes Payable June 30, 2023 Current portion of notes payable $ 7,190 $ (633) $ 6,557 Notes payable, net of current portion 31,890 (1,664) 30,226 Total $ 39,080 $ (2,297) $ 36,783 December 31, 2022 Current portion of notes payable $ 4,774 $ (668) $ 4,106 Notes payable, net of current portion 32,780 (1,985) 30,795 Total $ 37,554 $ (2,653) $ 34,901 The following table summarizes the future principal payments related to our outstanding debt as of June 30, 2023 (in thousands): 2023 $ 4,190 2024 6,420 2025 25,068 2026 3,402 Total $ 39,080 Subordinated Notes Payable - Acquisitions In January 2023, the Company resolved the outstanding claims for indemnification for which it was withholding payment of the subordinated note payable as security for such claim. As a result of the resolution of those claims, the remaining balance of $232 has been paid to the Seller ($182) and to the claimant ($50) in satisfaction of its claim. There are no further amounts due or owing under this subordinated promissory note. In April 2023, the Company calculated the final contingent consideration due in connection with the acquisition of a payroll business in September 2021. As a result, the fair value of the contingent consideration of $587 was added as an increase to the principal balance due on the promissory note. In May 2023, the Company paid the outstanding balance of a subordinated note payable in connection with the acquisition of customer relationships of a payroll business that took place in 2022. As a result, the Company paid the remaining balance of $422 on the promissory note consisting of $411 in principal and $11 in accrued interest. As of June 30, 2023, there are no further amounts due or owing under the subordinated note payable. Senior Credit Facility with Structural Capital Investments III, LP On September 10, 2021, the Company entered into a Loan and Security Agreement (the “Loan Agreement”) with Structural Capital Investments III, LP (“Structural” and together with the other lenders that are or become parties thereto, the “Lenders”), and Ocean II PLO LLC, as administrative and collateral agent for the Lenders (“Agent”), under the terms of which the Lenders have committed to lend us up to $50,000 in term loan financing to support our growth needs (the “Facility”). Of the amount committed by the Lenders, the Company drew $30,000 in September 2021, and the remaining $20,000 has lapsed. The Company also entered into a secured promissory note with the Agent evidencing our obligations under the Facility. The Company’s obligations are further guaranteed by each of our subsidiaries and secured by our assets and the assets of our subsidiaries. At the onset of the agreement, we paid to the Lenders an origination fee of $500. Interest accrues on any outstanding balance at a rate equal to the greater of 9.0% or the Prime Rate, plus 5.75% (the “Basic Rate”) and is payable in advance, which as of June 30, 2023 was 14.00%. In addition, interest is paid in kind (“PIK”) at a rate of 1.00% or 1.25% based on our APR Ratio, measured on a quarterly basis. The PIK interest is added to our outstanding balance and accrues interest at the Basic Rate. Interest only payments are due until October 2023, with an option to extend until October 2024, dependent on certain financial or revenue metrics before the end of the first twenty-four months of the Facility. Principal payments begin after the expiration of the interest only period, and are based on a five year amortization schedule, with a balloon payment due in October 2025. The table above in this Note 6 — Notes Payable summarizing future principal payments assumes the Company will not extend the period of interest only payments to October 2024. Upon payment in full of the obligations under the Facility, we agreed to pay Lenders a final payment fee equal to 1.0% of the increase in our market capitalization since September 10, 2021, at that time valued at $182,400. The Company has agreed to provide the Lenders the right to participate in a future offering—whether public or private—on the same terms and conditions as other investors for an amount not to exceed $3,000. There are no financial covenants under the agreement if our net cash position is equal to or greater than zero. If our net cash position is less than zero, the Company would be subject to the following financial covenants: (i) unrestricted cash of no less than $5,000, (ii) maintain an ARR ratio of no less than 0.70:1.00 through September 10, 2023, and (iii) maintain an ARR ratio of no less than 0.60:1.00 from September 10, 2023 through the remainder of the term of the Facility. The ARR ratio would be the ratio of our tested debt to our annual recurring revenue and would be measured on a quarterly basis. Our tested debt consists of our outstanding obligations under the Facility (exclusive of PIK interest) and any indebtedness issued or earnouts owed to sellers in connection with acquisitions.

CONTRACTS WITH CUSTOMERS AND RE

CONTRACTS WITH CUSTOMERS AND REVENUE CONCENTRATION	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
CONTRACTS WITH CUSTOMERS AND REVENUE CONCENTRATION	CONTRACTS WITH CUSTOMERS AND REVENUE CONCENTRATION Receivables Receivables from contracts with customers, net of allowance for doubtful accounts of $4,863, w ere $16,629 at June 30, 2023. Receivables from contracts with customers, net of allowance for doubtful accounts of $3,248, were $12,123 at December 31, 2022. The increase in the receivable balance during the first six months of 2023 is primarily due to deferred payment terms on many of our Earned Retention Tax Credit commitments. No customer represented more than 10% of our net accounts receivable balance as of June 30, 2023 and December 31, 2022, respectively. Deferred Commissions Deferred commission costs from contracts with customers w ere $8,314 and $6,660 at June 30, 2023 and December 31, 2022, respectively. The amount of amortization recognized for the three and six months ended June 30, 2023 wa s $650 and $1,147, respectively, and for the three and six months ended June 30, 2022 was $435 and $780, respectively. Deferred Revenue During the three and six months ended June 30, 2023, reve nue of $170 and $5,783, respectively, an d during the three and six months ended June 30, 2022, revenue of $293 and $3,205, respectively, was recognized from the deferred revenue balance at the beginning of each period. Transaction Price Allocated to the Remaining Performance Obligations As of June 30, 2023, approximately $23,124 of revenue is expected to be recognized from remaining performance obligations. We expect to recognize revenue on approximately 87% of these remaining performance obligations over the next 12 months, with the balance recognized thereafter. Revenue Concentration During the three and six months ended June 30, 2023 and 2022 , there were no customers that individually represented 10% or more of consolidated revenue.

LEASES

LEASES	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
LEASES	NOTE 8 - LEASES We have entered into office space lease agreements, which qualify as operating leases under ASU No. 2016-02, “Leases (Topic 842)”. Under such leases, the lessors receive annual minimum (base) rent. The leases have original terms (excluding extension options) ranging from one year to eight years. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. We record base rent expense under the straight-line method over the term of the lease. In the accompanying Condensed Consolidated Statements of Comprehensive Loss, rent expense is included in operating expenses under general and administrative expenses. The components of the rent expense for the three and six months ended June 30, 2023 and 2022 are as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Operating lease cost $ 884 $ 576 $ 1,415 $ 1,142 Sublease income (4) (11) (9) (21) Net rent expense $ 880 $ 565 $ 1,406 $ 1,121 For purposes of calculating the operating lease assets and lease liabilities, extension options are not included in the lease term unless it is reasonably certain we will exercise the option, or the lessor has the sole ability to exercise the option. The weighted average discount rate of our operating leases is 9% and 8% as of June 30, 2023 and December 31, 2022, respectively. The weighted average remaining lease term is five years as of June 30, 2023 and December 31, 2022. Supplemental cash flow information related to operating leases for the six months ended June 30 are as follows (in thousands): Six Months Ended June 30, 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 1,439 $ 1,133 Non-cash operating activities: Operating lease assets obtained in exchange for new operating lease liabilities $ — $ 1,512 Future minimum commitments over the life of all operating leases, which exclude variable rent payments, are as follows (in thousands): 2023 $ 1,081 2024 2,017 2025 1,765 2026 1,313 2027 1,121 2028 1,074 Thereafter 568 Total minimum lease payments 8,939 Less: imputed interest (1,783) Total lease liabilities $ 7,156

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Share-based Payment Arrangement [Text Block]	NOTE 9 - SHARE-BASED COMPENSATION We have one active equity plan, the 2018 Incentive Award Plan (the “2018 Plan”). The 2018 Plan, approved by our shareholders, replaced our 2009 Equity Incentive Plan, as amended (the “2009 Plan”), however, the terms and conditions of the 2009 Plan will continue to govern any outstanding awards granted thereunder. In January 2023, we granted Performance Stock Units (“PSU”) to certain members of management under the 2018 Plan. Each PSU will convert into one restricted stock unit (“RSU”) at the end of the performance period. The number of RSUs into which the PSUs convert for each member of management who received the award will be a sliding scale between 0% to 200% of the target amount based on the Company’s achievement of certain performance metrics tied to the Company’s recurring revenue and gross profit for 2023. Once converted, the RSU will vest as follows: one-third on the date the PSU is converted (which is expected to be between January 1, 2024 and March 31, 2024), one-third will vest on January 2, 2025, and one-third will vest on January 2, 2026. The number of shares reserved for issuance under the 2018 Plan is 4,350 shares. We have an aggregate of 2,557 options, RSUs and PSUs granted and outstanding pursuant to the 2018 Plan as of June 30, 2023. As of June 30, 2023, the number of shares available for future grant under the 2018 Plan is 1,625.

NET LOSS PER SHARE

NET LOSS PER SHARE	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
NET LOSS PER SHARE	NET LOSS PER SHAREWe compute net income or loss per share based on the weighted average number of common shares outstanding for the period. Diluted net income per share reflects the maximum dilution that would have resulted from incremental common shares issuable upon the exercise of stock options or vesting of RSUs and in some cases PSUs. In periods of net income, we compute the adjustment to the denominator of our dilutive net earnings per share calculation to include these stock options, RSUs, and PSUs, as applicable, using the treasury stock method. Regardless of the period resulting in net income or net loss, we exclude the adjustment to the denominator of our dilutive net loss per share calculation to the extent that they are anti-dilutive. The following table sets forth the computation of basic and diluted net loss per common share for the three and six months ended June 30 (in thousands, except per share amounts): Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Basic: Net loss $ (3,765) $ (5,860) $ (3,426) $ (8,877) Weighted-average shares of common stock outstanding 20,651 20,106 20,500 20,067 Basic loss per share $ (0.18) $ (0.29) $ (0.17) $ (0.44) Diluted: Net loss $ (3,765) $ (5,860) $ (3,426) $ (8,877) Weighted-average shares of common stock outstanding 20,651 20,106 20,500 20,067 Diluted loss per share $ (0.18) $ (0.29) $ (0.17) $ (0.44)

EMPLOYEE RETENTION TAX CREDIT

EMPLOYEE RETENTION TAX CREDIT	6 Months Ended
	Jun. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
EMPLOYEE RETENTION TAX CREDIT	EMPLOYEE RETENTION TAX CREDITIn March 2020, the Coronavirus Aid, Relief, and Economic Security Act was signed into law, providing numerous tax provisions and other stimulus measures, including the Employee Retention Tax Credit (“ERTC”): a refundable tax credit against certain employment taxes. The Taxpayer Certainty and Disaster Tax Relief Act of 2020 and the American Rescue Plan Act of 2021 extended and expanded the availability of the ERTC. We qualified for the ERTC in the first three quarters of 2021. During the quarter ended September 30, 2021, we recorded an aggregate benefit of $10,533 in our Condensed Consolidated Statements of Comprehensive Loss to reflect the ERTC payable to us for the first three quarters in 2021 presented as other current assets within our Condensed Consolidated Balance Sheets. In 2022, the Company received cash of $3,457, reflecting a portion of our ERTC. In January and February 2023, the Company received the remaining balance of $7,076 for the ERTC benefit.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS In July 2023, the Company paid the outstanding contingent purchase consideration due in connection with the acquisition of a payroll tax business in July 2020, see Note 3 - Business Combinations and Asset Acquisitions for more detail on the July 2020 acquisition. As a result, the outstanding contingent consideration of $2,299 was extinguished with 214 shares of the Company’s common stock in lieu of cash and no further contingent purchase obligation remains. On August 7, 2023, the Company entered into an amendment to the Senior Credit Facility described in Note 6 – Notes Payable, whereby the Final Payment Fee (as defined in the Loan Agreement) was settled for $1,677 (the “Settled Amount”) which was paid on August 7, 2023. The Final Payment was originally equal to 1.0% of the increase in our market capitalization since September 10, 2021, and was due upon payment in full of the obligations under the Senior Credit Facility. The Settled Amount is subject to adjustment and any adjusted amount, if due, is expected to be immaterial in amount and would be paid no later than August 18, 2023. In addition, we also paid the Lenders a fee equal to $250, which will be credited against reimbursable expenses owed to Lenders in a future refinancing of the Senior Credit Facility if it occurs before December 31, 2024.

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policy)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Use of Estimates	USE OF ESTIMATES Preparation of the Condensed Consolidated Financial Statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of the assets and liabilities, the disclosure of contingent assets and liabilities at the date of the Condensed Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting period. These estimates are subjective in nature and involve judgments. The more significant estimates made by management include the valuation allowance for the gross deferred tax assets, the determination of the fair value of its long-lived assets, and the fair value of assets acquired and liabilities assumed during acquisitions. We base our estimates on historical experience and on various other assumptions management believes reasonable under the given circumstances. These estimates could be materially different under different conditions and assumptions.
Cash, Cash Equivalents, and Restricted Cash	CASH, CASH EQUIVALENTS, AND RESTRICTED CASHThe Company considers all highly liquid investments with an original maturity of 90 days or less at the time of purchase to be cash equivalents. Cash equivalents include investments in an institutional money market fund, which invests in U.S. Treasury bills, notes and bonds, and/or repurchase agreements, backed by such obligations. Carrying value approximates fair value. Restricted cash consists of cash balances which are restricted as to withdrawal or usage. As of December 31, 2022, the Company had a restricted cash balance of $500 related to the collateralization of a letter of credit issued by South State Bank in connection with its money transmission licenses, which was released in the first quarter of 2023. As of June 30, 2023, the Company had no restricted cash.
Recent Accounting Pronouncements	RECENT ACCOUNTING PRONOUNCEMENTS In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments — Credit Losses (Topic 326), which establishes a new approach to estimate credit losses on certain financial instruments. The update requires financial assets measured at amortized cost to be presented at the net amount expected to be collected. The amended guidance will also update the impairment model for available-for-sale debt securities, requiring entities to determine whether all or a portion of the unrealized loss on such securities is a credit loss . The standard became effective for interim and annual periods beginning after December 15, 2022. Effective January 1, 2023, the Company adopted the provisions of ASU No. 2016-13 and determined that adoption did not have a material impact on our consolidated financial statements.
Accumulated Other Comprehensive Loss	ACCUMULATED OTHER COMPREHENSIVE LOSS As of June 30, 2023 and December 31, 2022, accumulated other comprehensive loss consisted of net unrealized gains and losses on available-for-sale securities.
Fair Value of Financial Instruments, Policy	Accounting Standards Codification (ASC) 820 “Fair Value Measurement” (ASC 820) defines fair value, establishes a framework for measuring fair value under U.S. GAAP and enhances disclosures about fair value measurements. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. ASC 820 describes a fair value hierarchy based on the following three levels of inputs that may be used to measure fair value, of which the first two are considered observable and the last unobservable: Level 1: Quoted prices in active markets for identical assets or liabilities; Level 2: Quoted prices in active markets for similar assets or liabilities; quoted prices in markets that are not active for identical or similar assets or liabilities; and model-driven valuations whose significant inputs are observable; and Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

INVESTMENTS AND FAIR VALUE ME_2

INVESTMENTS AND FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following table presents the fair value hierarchy for our financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2023 and December 31, 2022, respectively (in thousands): Total Carrying Value Level 1 Level 2 Level 3 June 30, 2023 Assets: Funds held for clients Money market funds $ 14 $ 14 $ — $ — Available-for-sale securities 70,860 — 70,860 — Total $ 70,874 $ 14 $ 70,860 $ — Liabilities: Contingent purchase consideration (1) $ 2,299 $ — $ — $ 2,299 Total $ 2,299 $ — $ — $ 2,299 December 31, 2022 Assets: Funds held for clients Money market funds $ 2,829 $ 2,829 $ — $ — Available-for-sale securities 56,556 — 56,556 — Total $ 59,385 $ 2,829 $ 56,556 $ — Liabilities: Contingent purchase consideration (1) $ 2,955 $ — $ — $ 2,955 Total $ 2,955 $ — $ — $ 2,955 (1) See Note 3 — Business Combinations and Asset Acquisitions for further discussion regarding the contingent purchase consideration.
Debt Securities, Available-for-sale	Restricted cash equivalents and investments classified as available-for-sale within funds held for clients consisted of the following (in thousands): Amortized Gross Unrealized Gains (1) Gross Unrealized Losses (1) Aggregate June 30, 2023 Restricted cash equivalents $ 14 $ — $ — $ 14 Available-for-sale securities: Certificates of deposit 976 3 (2) 977 Corporate debt securities 67,108 11 (2,134) 64,985 Municipal bonds 4,774 — (328) 4,446 U.S. Government agency securities 500 — (48) 452 Total available-for-sale securities 73,358 14 (2,512) 70,860 Total (2) $ 73,372 $ 14 $ (2,512) $ 70,874 December 31, 2022 Restricted cash equivalents $ 2,829 $ — $ — $ 2,829 Available-for-sale securities: Certificates of deposit 983 4 (2) 985 Corporate debt securities 52,251 1 (2,023) 50,229 Municipal bonds 5,297 — (405) 4,892 U.S. Government agency securities 500 — (50) 450 Total available-for-sale securities 59,031 5 (2,480) 56,556 Total (2) $ 61,860 $ 5 $ (2,480) $ 59,385 (1) Unrealized gains and losses on available-for-sale securities are included as a component of comprehensive loss. As of June 30, 2023 and December 31, 2022, there were 8 and 3 securities, respectively, in an unrealized gain position and there were 160 and 124 securities in an unrealized loss position, respectively. As of June 30, 2023, these unrealized losses were less than $82 individually and $2,512 in the aggregate. As of December 31, 2022, these unrealized losses were less than $96 individually and $2,480 in the aggregate. These securities have not been in a continuous unrealized gain or loss position for more than 12 months. We do not intend to sell these investments and we do not expect to sell these investments before recovery of their amortized cost basis, which may be at maturity. We review our investments to identify and evaluate investments that indicate credit losses. Factors considered in determining whether a loss is a credit loss include the length of time and extent to which fair value has been less than the cost basis, the credit rating of the investment, and our intent and ability to hold the investment for a period of time sufficient to allow for any anticipated recovery in market value. (2) At June 30, 2023 and December 31, 2022, none of these securities were classified as cash and cash equivalents on the accompanying Condensed Consolidated Balance Sheets. Funds held for clients have been invested in the following categories (in thousands): June 30, 2023 December 31, 2022 Restricted cash and cash equivalents held to satisfy client funds obligations $ 115,657 $ 147,032 Restricted short-term marketable securities held to satisfy client funds obligations 9,762 9,174 Restricted long-term marketable securities held to satisfy client funds obligations 61,098 47,382 Total funds held for clients $ 186,517 $ 203,588
Investments Classified by Contractual Maturity Date	Expected maturities of available-for-sale securities as of June 30, 2023 are as follows (in thousands): One year or less $ 9,762 After one year through five years 61,098 Total $ 70,860

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill [Table Text Block]	December 31, 2022 Acquisitions June 30, 2023 Goodwill $ 86,011 $ — $ 86,011
Schedule of Finite-Lived Intangible Assets [Table Text Block]	Gross Intangible Assets December 31, 2022 Acquisitions June 30, 2023 Customer relationships $ 116,971 $ — $ 116,971 Developed technology 12,001 — 12,001 Reseller relationships 1,344 954 2,298 Trade names 880 — 880 Non-compete agreements 1,032 — 1,032 $ 132,228 $ 954 $ 133,182 The gross carrying amount and accumulated amortization of our intangible assets as of June 30, 2023 are as follows (in thousands, except weighted average periods): Weighted Average Gross Accumulated Net June 30, 2023 Customer relationships 8.7 $ 116,971 $ (59,235) $ 57,736 Developed technology 6.9 12,001 (10,601) 1,400 Reseller relationships 6.5 2,298 (926) 1,372 Trade names 3.0 880 (863) 17 Non-compete agreements 5.2 1,032 (922) 110 8.4 $ 133,182 $ (72,547) $ 60,635 December 31, 2022 Customer relationships 8.7 $ 116,971 $ (52,700) $ 64,271 Developed technology 6.6 12,001 (10,283) 1,718 Reseller relationships 6.9 1,344 (889) 455 Trade names 3.0 880 (847) 33 Non-compete agreements 5.2 1,032 (915) 117 8.4 $ 132,228 $ (65,634) $ 66,594
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	The following table summarizes the future estimated amortization expense relating to our intangible assets as of June 30, 2023 (in thousands): 2023 $ 6,765 2024 13,498 2025 12,713 2026 9,601 2027 7,426 2028 5,957 Thereafter 4,675 $ 60,635

NOTES PAYABLE (Tables)

NOTES PAYABLE (Tables)	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Schedule of Debt [Table Text Block]	The following table summarizes our outstanding debt as of the dates indicated (in thousands): Maturity Cash Interest Rate June 30, 2023 December 31, 2022 Subordinated Notes Payable – Acquisitions (1) 12/31/2022 – 9/30/2026 2.00% - 3.00% $ 6,890 $ 6,947 Senior Credit Facility 10/1/2025 14.00% 32,190 30,607 Gross Notes Payable $ 39,080 $ 37,554 (1) See Note 3 — Business Combinations and Asset Acquisitions and Subordinated Notes Payable - Acquisitions section below for further discussion regarding the notes payable related to acquisitions. The following table summarizes the debt issuance costs as of the dates indicated (in thousands): Gross Notes Payable Debt Issuance Costs and Debt Discount Net Notes Payable June 30, 2023 Current portion of notes payable $ 7,190 $ (633) $ 6,557 Notes payable, net of current portion 31,890 (1,664) 30,226 Total $ 39,080 $ (2,297) $ 36,783 December 31, 2022 Current portion of notes payable $ 4,774 $ (668) $ 4,106 Notes payable, net of current portion 32,780 (1,985) 30,795 Total $ 37,554 $ (2,653) $ 34,901
Schedule of Maturities of Long-term Debt [Table Text Block]	The following table summarizes the future principal payments related to our outstanding debt as of June 30, 2023 (in thousands): 2023 $ 4,190 2024 6,420 2025 25,068 2026 3,402 Total $ 39,080

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Lease, Cost	The components of the rent expense for the three and six months ended June 30, 2023 and 2022 are as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Operating lease cost $ 884 $ 576 $ 1,415 $ 1,142 Sublease income (4) (11) (9) (21) Net rent expense $ 880 $ 565 $ 1,406 $ 1,121 Supplemental cash flow information related to operating leases for the six months ended June 30 are as follows (in thousands): Six Months Ended June 30, 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 1,439 $ 1,133 Non-cash operating activities: Operating lease assets obtained in exchange for new operating lease liabilities $ — $ 1,512
Lessee, Operating Lease, Liability, Maturity	Future minimum commitments over the life of all operating leases, which exclude variable rent payments, are as follows (in thousands): 2023 $ 1,081 2024 2,017 2025 1,765 2026 1,313 2027 1,121 2028 1,074 Thereafter 568 Total minimum lease payments 8,939 Less: imputed interest (1,783) Total lease liabilities $ 7,156

NET LOSS PER SHARE (Tables)

NET LOSS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table sets forth the computation of basic and diluted net loss per common share for the three and six months ended June 30 (in thousands, except per share amounts): Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Basic: Net loss $ (3,765) $ (5,860) $ (3,426) $ (8,877) Weighted-average shares of common stock outstanding 20,651 20,106 20,500 20,067 Basic loss per share $ (0.18) $ (0.29) $ (0.17) $ (0.44) Diluted: Net loss $ (3,765) $ (5,860) $ (3,426) $ (8,877) Weighted-average shares of common stock outstanding 20,651 20,106 20,500 20,067 Diluted loss per share $ (0.18) $ (0.29) $ (0.17) $ (0.44)

BUSINESS COMBINATIONS AND ASS_2

BUSINESS COMBINATIONS AND ASSET ACQUISITIONS (Details) - USD ($) $ in Thousands		1 Months Ended
	Jan. 01, 2022	May 31, 2023	Jun. 30, 2023
Business Combination Segment Allocation [Line Items]
Debt instrument, fair value	$ 411
Initial purchase price	1,970
Business Acquisition, Transaction Costs	$ 31
Debt Instrument, Periodic Payment		$ 422
Debt Instrument, Periodic Payment, Principal		411
Debt Instrument, Periodic Payment, Interest		$ 11
Subordinated Debt			$ 4,667
Asset Acquisition, Contingent Consideration, Liability			587
Business Combination, Contingent Consideration, Liability			2,299
The Asset Purchase Agreement [Member]
Business Combination Segment Allocation [Line Items]
Subordinated Debt			$ 2,223

INVESTMENTS AND FAIR VALUE ME_3

INVESTMENTS AND FAIR VALUE MEASUREMENTS - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - Recurring - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Funds held for clients
Total	$ 70,874	$ 59,385
Liabilities:
Contingent purchase consideration(1)	2,299	2,955
Total	2,299	2,955
Money market funds
Funds held for clients
Funds held for clients	14	2,829
Available-for-sale securities
Funds held for clients
Funds held for clients	70,860	56,556
Level 1
Funds held for clients
Total	14	2,829
Liabilities:
Contingent purchase consideration(1)	0	0
Total	0	0
Level 1 | Money market funds
Funds held for clients
Funds held for clients	14	2,829
Level 1 | Available-for-sale securities
Funds held for clients
Funds held for clients	0	0
Level 2
Funds held for clients
Total	70,860	56,556
Liabilities:
Contingent purchase consideration(1)	0	0
Total	0	0
Level 2 | Money market funds
Funds held for clients
Funds held for clients	0	0
Level 2 | Available-for-sale securities
Funds held for clients
Funds held for clients	70,860	56,556
Level 3
Funds held for clients
Total	0	0
Liabilities:
Contingent purchase consideration(1)	2,299	2,955
Total	2,299	2,955
Level 3 | Money market funds
Funds held for clients
Funds held for clients	0	0
Level 3 | Available-for-sale securities
Funds held for clients
Funds held for clients	$ 0	$ 0

INVESTMENTS AND FAIR VALUE ME_4

INVESTMENTS AND FAIR VALUE MEASUREMENTS - Debt Securities, Available-for-sale (Details) $ in Thousands	Jun. 30, 2023 USD ($) security	Dec. 31, 2022 USD ($) security
Funds Held for Clients
Funds Held For Clients, Restricted Cash, Amortized Cost	$ 14	$ 2,829
Funds Held For Clients, Restricted Cash and Debt Securities, Amortized Cost	73,372	61,860
Funds Held For Clients, Restricted Cash, Gross Unrealized Gains	0	0
Funds Held For Clients, Restricted Cash and Debt Securities, Gross Unrealized Gains	14	5
Funds Held For Clients, Restricted Cash, Gross Unrealized Losses	0	0
Gross Unrealized Losses	(2,512)
Funds Held For Clients, Restricted Cash and Debt Securities, Gross Unrealized Losses	(2,512)	(2,480)
Funds Held For Clients, Restricted Cash	14	2,829
Funds Held For Clients, Restricted Cash and Debt Securities	$ 70,874	$ 59,385
Number of securities in unrealized gain position | security	8	3
Number of securities in unrealized loss position | security	160	124
Individually
Funds Held for Clients
Gross Unrealized Losses	$ (82)	$ (96)
Aggregate
Funds Held for Clients
Gross Unrealized Losses		(2,480)
Certificates of deposit
Funds Held for Clients
Amortized Cost	976	983
Gross Unrealized Gains	3	4
Gross Unrealized Losses	(2)	(2)
Aggregate Estimated Fair Value	977	985
Corporate debt securities
Funds Held for Clients
Amortized Cost	67,108	52,251
Gross Unrealized Gains	11	1
Gross Unrealized Losses	(2,134)	(2,023)
Aggregate Estimated Fair Value	64,985	50,229
Municipal bonds
Funds Held for Clients
Amortized Cost	4,774	5,297
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(328)	(405)
Aggregate Estimated Fair Value	4,446	4,892
U.S. Government agency securities
Funds Held for Clients
Amortized Cost	500	500
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(48)	(50)
Aggregate Estimated Fair Value	452	450
Available-for-sale securities
Funds Held for Clients
Amortized Cost	73,358	59,031
Gross Unrealized Gains	14	5
Gross Unrealized Losses	(2,512)	(2,480)
Aggregate Estimated Fair Value	$ 70,860	$ 56,556

INVESTMENTS AND FAIR VALUE ME_5

INVESTMENTS AND FAIR VALUE MEASUREMENTS - Funds Held For Clients (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Restricted cash and cash equivalents held to satisfy client funds obligations	$ 115,657	$ 147,032	$ 137,536
Restricted short-term marketable securities held to satisfy client funds obligations	9,762	9,174
Restricted long-term marketable securities held to satisfy client funds obligations	61,098	47,382
Total funds held for clients	$ 186,517	$ 203,588

INVESTMENTS AND FAIR VALUE ME_6

INVESTMENTS AND FAIR VALUE MEASUREMENTS - Investments Classified by Contractual Maturity Date (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Fair Value Disclosures [Abstract]
One year or less	$ 9,762
After one year through five years	61,098
Total	$ 70,860

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS - Schedule of Goodwill Acquisitions (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Goodwill [Roll Forward]
Beginning Balance	$ 86,011
Acquisitions	0
Ending Balance	$ 86,011

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Asset Impairment			$ 0
Amortization of intangible assets	$ 3,294	$ 3,352	6,596	$ 6,784
Cost, Amortization			$ 318	$ 593

GOODWILL AND OTHER INTANGIBLE_5

GOODWILL AND OTHER INTANGIBLE ASSETS - Schedule of Intangible Asset Acquisitions (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Finite-Lived Intangible Assets [Roll Forward]
Beginning Balance	$ 132,228
Acquisitions	954
Ending Balance	133,182
Customer relationships
Finite-Lived Intangible Assets [Roll Forward]
Beginning Balance	116,971
Acquisitions	0
Ending Balance	116,971
Developed technology
Finite-Lived Intangible Assets [Roll Forward]
Beginning Balance	12,001
Acquisitions	0
Ending Balance	12,001
Reseller relationships
Finite-Lived Intangible Assets [Roll Forward]
Beginning Balance	1,344
Acquisitions	954
Ending Balance	2,298
Trade names
Finite-Lived Intangible Assets [Roll Forward]
Beginning Balance	880
Acquisitions	0
Ending Balance	880
Non-compete agreements
Finite-Lived Intangible Assets [Roll Forward]
Beginning Balance	1,032
Acquisitions	0
Ending Balance	$ 1,032

GOODWILL AND OTHER INTANGIBLE_6

GOODWILL AND OTHER INTANGIBLE ASSETS - Summary of Gross Carrying Amount and Accumulated Amortization of Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (in Years)	8 years 4 months 24 days	8 years 4 months 24 days
Gross	$ 133,182	$ 132,228
Accumulated Amortization	(72,547)	(65,634)
Net	$ 60,635	$ 66,594
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (in Years)	8 years 8 months 12 days	8 years 8 months 12 days
Gross	$ 116,971	$ 116,971
Accumulated Amortization	(59,235)	(52,700)
Net	$ 57,736	$ 64,271
Developed technology
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (in Years)	6 years 10 months 24 days	6 years 7 months 6 days
Gross	$ 12,001	$ 12,001
Accumulated Amortization	(10,601)	(10,283)
Net	$ 1,400	$ 1,718
Reseller relationships
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (in Years)	6 years 6 months	6 years 10 months 24 days
Gross	$ 2,298	$ 1,344
Accumulated Amortization	(926)	(889)
Net	$ 1,372	$ 455
Trade names
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (in Years)	3 years	3 years
Gross	$ 880	$ 880
Accumulated Amortization	(863)	(847)
Net	$ 17	$ 33
Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (in Years)	5 years 2 months 12 days	5 years 2 months 12 days
Gross	$ 1,032	$ 1,032
Accumulated Amortization	(922)	(915)
Net	$ 110	$ 117

GOODWILL AND OTHER INTANGIBLE_7

GOODWILL AND OTHER INTANGIBLE ASSETS - Schedule of Expected Amortization Expense (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
2023	$ 6,765
2024	13,498
2025	12,713
2026	9,601
2027	7,426
2028	5,957
Thereafter	4,675
Intangible Asset, Net	$ 60,635	$ 66,594

NOTES PAYABLE - Narrative (Deta

NOTES PAYABLE - Narrative (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
NOTES PAYABLE (Details) [Line Items]
Debt instrument, fair value			$ 411
Debt Issuance Costs, Gross, Current	$ 633	$ 668
Long-term Debt, Gross	39,080	37,554
Repayments of Subordinated Debt	232
Notes Payable, Other Payables [Member]
NOTES PAYABLE (Details) [Line Items]
Long-term Debt, Gross	6,890	6,947
StructuralCapital
NOTES PAYABLE (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	50,000
Loan Processing Fee	500
StructuralCapital | Notes Payable, Other Payables [Member]
NOTES PAYABLE (Details) [Line Items]
Long-term Debt, Gross	$ 32,190	$ 30,607
Debt Instrument, Interest Rate, Stated Percentage	14%

NOTES PAYABLE (Details) - Sched

NOTES PAYABLE (Details) - Schedule of Debt - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
NOTES PAYABLE (Details) - Schedule of Debt [Line Items]
Long-term Debt, Gross	$ 39,080	$ 37,554
Current portion of notes payable	6,557	4,106
Notes payable, net of current portion	30,226	30,795
Short-term Debt
NOTES PAYABLE (Details) - Schedule of Debt [Line Items]
Notes Payable	$ 7,190	4,774
Notes Payable, Other Payables [Member]
NOTES PAYABLE (Details) - Schedule of Debt [Line Items]
Debt Instrument, Maturity Date, Description	12/31/2022 – 9/30/2026
Long-term Debt, Gross	$ 6,890	6,947
Long-term Debt
NOTES PAYABLE (Details) - Schedule of Debt [Line Items]
Notes Payable	$ 31,890	32,780
Consolidated Entities [Domain] | Minimum [Member]
NOTES PAYABLE (Details) - Schedule of Debt [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	2%
Consolidated Entities [Domain] | Maximum [Member]
NOTES PAYABLE (Details) - Schedule of Debt [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	3%
StructuralCapital | Notes Payable, Other Payables [Member]
NOTES PAYABLE (Details) - Schedule of Debt [Line Items]
Debt Instrument, Maturity Date, Description	10/1/2025
Debt Instrument, Interest Rate, Stated Percentage	14%
Long-term Debt, Gross	$ 32,190	$ 30,607

NOTES PAYABLE (Details) - Sch_2

NOTES PAYABLE (Details) - Schedule of Debt and Debt Issuance Costs - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
Debt Issuance Costs and Debt Discount, current portion	$ (633)	$ (668)
Notes payable, net of current portion	6,557	4,106
Notes payable, net of current portion	(1,664)	(1,985)
Notes payable, net of current portion	30,226	30,795
Long-term Debt, Gross	39,080	37,554
Total Debt Issuance Costs and Debt Discount	(2,297)	(2,653)
Total notes payable	36,783	34,901
NOTES PAYABLE (Details) [Line Items]
Debt Issuance Costs, Gross, Current	$ 633	$ 668

NOTES PAYABLE (Details) - Sch_3

NOTES PAYABLE (Details) - Schedule of Maturities of Long-term Debt - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
Long-Term Debt, Maturity, Remainder of Fiscal Year	$ 4,190
Long-Term Debt, Maturity, Year One	6,420
Long-Term Debt, Maturity, Year Two	25,068
Long-Term Debt, Maturity, Year Three	3,402
Long-term Debt, Gross	$ 39,080	$ 37,554

CONTRACTS WITH CUSTOMERS AND _2

CONTRACTS WITH CUSTOMERS AND REVENUE CONCENTRATION (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Contract with Customer, Asset, Allowance for Credit Loss	$ 4,863		$ 4,863		$ 3,248
Accounts receivable, net of allowance for doubtful accounts of $4,863 and $3,248 at June 30, 2023 and December 31, 2022, respectively	16,629		16,629		12,123
Accrued Sales Commission	8,314		8,314		$ 6,660
Amortization of Deferred Sales Commissions	650	$ 435	1,147	$ 780
Deferred Revenue, Revenue Recognized	170	$ 293	5,783	$ 3,205
Revenue, Remaining Performance Obligation, Amount	$ 23,124		$ 23,124
Revenue, Remaining Performance Obligation, Percentage	87%		87%

LEASES (Details)

LEASES (Details)	Jun. 30, 2023	Dec. 31, 2022
LEASES (Details) [Line Items]
Operating Lease, Weighted Average Discount Rate, Percent	9%	8%
Operating Lease, Weighted Average Remaining Lease Term		5 years
Minimum [Member]
LEASES (Details) [Line Items]
Lessee, Operating Lease, Term of Contract	1 year
Maximum [Member]
LEASES (Details) [Line Items]
Lessee, Operating Lease, Term of Contract	8 years

LEASES (Details) - Rent Expense

LEASES (Details) - Rent Expense Components - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
Operating lease cost	$ 884	$ 576	$ 1,415	$ 1,142
Sublease income	(4)	(11)	(9)	(21)
Net rent expense	$ 880	$ 565	$ 1,406	$ 1,121

LEASES (Details) - Lessee, Oper

LEASES (Details) - Lessee, Operating Lease, Disclosure - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$ 1,439	$ 1,133
Non-cash operating activities:
Operating lease assets obtained in exchange for new operating lease liabilities	$ 0	$ 1,512
Minimum [Member]
LEASES (Details) [Line Items]
Lessee, Operating Lease, Term of Contract	1 year
Maximum [Member]
LEASES (Details) [Line Items]
Lessee, Operating Lease, Term of Contract	8 years

LEASES (Details) - Lessee, Op_2

LEASES (Details) - Lessee, Operating Lease, Liability, Maturity $ in Thousands	Jun. 30, 2023 USD ($)
Leases [Abstract]
Lessee, Operating Lease, Liability, to be Paid, Year One	$ 2,017
Lessee, Operating Lease, Liability, to be Paid, Year Two	1,765
Lessee, Operating Lease, Liability, to be Paid, Year Three	1,313
Lessee, Operating Lease, Liability, to be Paid, Year Four	1,121
Lessee, Operating Lease, Liability, to be Paid, Year Five	1,074
Lessee, Operating Lease, Liability, to be Paid, after Year Five	568
Lessee, Operating Lease, Liability, to be Paid, Total	8,939
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	(1,783)
Operating Lease, Liability	7,156
Lessee, Operating Lease, Liability, to be Paid, Remainder of Fiscal Year	$ 1,081

SHARE-BASED COMPENSATION (Detai

SHARE-BASED COMPENSATION (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	(6)	0
Share-based compensation	$ 1,582	$ 814	$ 2,919	$ 1,544
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures	26	30
2018 Plan
Share-Based Payment Arrangement [Abstract]
Shares available for issuance	4,350		4,350
Options Outstanding	2,557		2,557
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	1,625		1,625
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	1,625		1,625
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	4,350		4,350
Options Outstanding	2,557		2,557

NET LOSS PER SHARE (Details) -

NET LOSS PER SHARE (Details) - Components of Earnings Per Share, Basic and Diluted - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
Earnings Per Share [Abstract]
Net loss	$ (3,765)	$ 339	$ (5,860)	$ (3,017)	$ (3,426)	$ (8,877)
Weighted average shares of common stock outstanding, basic (in shares)	20,651		20,106		20,500	20,067
Basic loss per share (in Dollars per share)	$ (0.18)		$ (0.29)		$ (0.17)	$ (0.44)
Weighted average shares of common stock outstanding, diluted (in shares)	20,651		20,106		20,500	20,067
Diluted loss per share (in Dollars per share)	$ (0.18)		$ (0.29)		$ (0.17)	$ (0.44)

EMPLOYEE RETENTION TAX CREDIT -

EMPLOYEE RETENTION TAX CREDIT - Narrative (Details) $ in Thousands	Dec. 31, 2022 USD ($)
ERC Income
Accounts, Notes, Loans and Financing Receivable [Line Items]
Other assets	$ 10,533

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event - USD ($) $ in Thousands		1 Months Ended
	Aug. 07, 2023	Jul. 31, 2023
Subsequent Event [Line Items]
Non-cash consideration		$ 2,299
Contingent consideration (in shares)		214
Senior Notes | Letter of Credit | Amended Senior Credit Facility
Subsequent Event [Line Items]
Final payment fee	$ 1,677
Final payment fee, percentage of increase in market capitalization	1%
Lenders fee	$ 250