#Checkmark payroll 2017 manual full
#Checkmark payroll 2017 manual software

Pursuant to the lawsuit, WageWorks seeks declaratory judgment that the lease was properly terminated and recourse against Union Mesa for breach of contract, breach of the duty of good faith and fair dealing, and conversion, including return of the funds drawn under the letter of credit. On January 4, 2022, WageWorks filed an amended complaint in the Superior Court. On December 1, 2021, WageWorks filed a lawsuit against Union Mesa in the Superior Court of the State of Arizona in and for the County of Maricopa.

#Checkmark payroll 2017 manual full

On November 5, 2021, Union Mesa notified WageWorks that it was in default of the lease for failure to pay rent, which Union Mesa claimed was due beginning in November 2021, and on Novemdrew $2.8 million, the full amount under the letter of credit that WageWorks had posted to secure its obligations under the lease.

WageWorks' right to terminate the lease agreement was disputed by the landlord, Union Mesa 1, LLC ('Union Mesa'). Because the lease had not yet commenced, the Company had not recognized a right-of-use asset, operating lease liability, or any rent expense associated with the lease. ('WageWorks') exercised its right to terminate a lease for office space in Mesa, Arizona that had not yet commenced, with aggregate lease payments of $63.1 million and a term of approximately 11 years, following the landlord's failure to fulfill its obligations under the lease agreement. In April 2021, the Company's wholly owned subsidiary WageWorks, Inc. The Company expects to satisfy its remaining obligations for these arrangements. During the three months ended April 30, 2022, approximately $1.2 million of revenue was recognized that was included in the balance of deferred revenue as of January 31, 2022. The Company expects to recognize approximately 50% of its balance of deferred revenue as revenue over the next 12 months and the remainder thereafter.

The balances are related to cash received in advance for interchange and custodial revenue arrangements, other up-front fees and other commuter deferred revenue. As of Apand January 31, 2022, the balance of deferred revenue was $10.0 million and $10.5 million, respectively. Alternatively, when payment precedes the related services, the Company records a contract liability, or deferred revenue, until its performance obligations are satisfied. The Company records a receivable when revenue is recognized prior to payment and the Company has unconditional right to payment. The Company does not recognize revenue until its right to consideration is unconditional and therefore has no related contract assets. The fiscal year-end condensed consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by GAAP. Therefore, these condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes included in the Company's Annual Report on Form 10-K for the fiscal year ended January 31, 2022. Certain information and note disclosures normally included in annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, the interim data includes all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the results for the interim periods. The accompanying condensed consolidated financial statements as of Apand for the three months ended Apand 2021 are unaudited and have been prepared in conformity with accounting principles generally accepted in the United States of America ('GAAP') and the applicable rules and regulations of the Securities and Exchange Commission ('SEC') regarding interim financial reporting. Increase (decrease) in cash and cash equivalents

Net cash provided by financing activities Proceeds from follow-on equity offering, net of payments for offering costs Proceeds from exercise of common stock options Settlement of client-held funds obligation, net

#Checkmark payroll 2017 manual software

Purchases of software and capitalized software development costs Net cash provided by operating activities Weighted-average number of shares used in computing net loss per share:Д¬ondensed consolidated statements of cash flows (unaudited)ДЄdjustments to reconcile net loss to net cash provided by operating activities:ДЄmortization of debt discount and issuance costsД¬hanges in operating assets and liabilities:ДЄccounts payable, accrued liabilities, and other current liabilities Accounts receivable, net of allowance for doubtful accounts of $6,542 and $6,228 as of Apand January 31, 2022, respectivelyД¬ommitments and contingencies (see Note 6)ДЄmortization of acquired intangible assets