v3.23.1
Supplemental Financial Statement Information (Tables)
 3 Months Ended
Mar. 31, 2023
Balance Sheet Related Disclosures [Abstract]  
Schedule of Cash, Cash Equivalents and Restricted Cash
Our cash, cash equivalents and restricted cash balances are summarized as follows (in thousands):
March 31, 2023December 31, 2022
Cash$24,390 $17,776 
Cash equivalents156,243 126,625 
Cash and cash equivalents180,633 144,401 
Restricted cash3,239 3,239 
Total cash, cash equivalents and restricted cash$183,872 $147,640 
Schedule of Cash, Cash Equivalents and Restricted Cash
Our cash, cash equivalents and restricted cash balances are summarized as follows (in thousands):
March 31, 2023December 31, 2022
Cash$24,390 $17,776 
Cash equivalents156,243 126,625 
Cash and cash equivalents180,633 144,401 
Restricted cash3,239 3,239 
Total cash, cash equivalents and restricted cash$183,872 $147,640 
Schedule of Change in Allowance for Credit Loss
The change in the allowance for credit losses is summarized as follows (in thousands): 

March 31, 2023December 31, 2022
Beginning balance$2,398 $2,198 
Change in allowance(236)200 
Ending balance$2,162 $2,398 
Schedule of Contract Assets - Commissions Receivable
Our contract assets – commissions receivable activities, net of credit loss allowances are summarized as follows (in thousands):

Medicare SegmentIFP/SMB SegmentTotal
Beginning balance at December 31, 2022$817,043 $67,261 $884,304 
Commission revenue from members approved during the period56,617 6,708 63,325 
Commission revenue from renewals of small business members during the period— 3,113 3,113 
Net commission revenue from members approved in prior periods52 1,513 1,565 
Cash receipts(139,771)(10,739)(150,510)
Net change in credit loss allowance216 20 236 
Ending balance at March 31, 2023$734,157 $67,876 $802,033 
Schedule of Credit Risk Carriers that represented 10% or more of our total contract assets – commissions receivable and accounts receivable balances are summarized as follows:
 March 31, 2023December 31, 2022
Humana26 %26 %
UnitedHealthCare (1)
25 %24 %
Aetna (1)
16 %16 %
_____________

(1)Percentages include the carriers' subsidiaries.
Schedule of Prepaid Expenses and Other Current Assets Our prepaid expenses and other current assets are summarized as follows (in thousands):
 March 31, 2023December 31, 2022
Prepaid software and maintenance contracts$5,526 $5,211 
Prepaid expenses3,136 2,858 
Prepaid licenses1,196 1,116 
Prepaid insurance1,137 1,893 
Other current assets271 223 
Prepaid expenses and other current assets$11,266 $11,301