Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 5,202 $ 7,690
Receivables, net of allowance for doubtful accounts of $83 and $21, respectively 4,954 5,529
Contract assets 339 0
Income tax receivable 277 156
Prepaid expenses and other current assets 1,934 1,830
Total current assets 12,706 15,205
Property and equipment, net of accumulated depreciation of $2,697 and $4,678, respectively 533 911
Intangible assets, net 5,202 6,295
Goodwill 7,224 7,390
Deferred income taxes, non-current 69 77
Other assets, non-current 4,200 4,398
Total assets 29,934 34,276
Current liabilities:    
Accounts payable and other accrued liabilities 2,961 3,878
Accrued compensation 1,216 1,824
Deferred revenue 8,514 8,923
Deferred rent 49 181
Financing obligations 226 1,047
Warrant liability 2,886 819
Total current liabilities 15,852 16,672
Long-term liabilities:    
Deferred revenue, non-current 947 141
Income taxes payable, non-current 0 3
Deferred tax liability, non-current 76 153
Deferred rent, non-current 298 507
Financing obligations, non-current 0 3
Term loan, non-current 7,956 7,605
Other non-current liabilities 485 0
Total long-term liabilities 9,762 8,412
Total liabilities 25,614 25,084
Commitments and contingencies (Note 4) 0 0
Stockholders’ equity:    
Preferred stock, $0.01 par value, authorized 250,000 shares, no shares issued and outstanding 0 0
Common stock, $0.01 par value, authorized 29,750,000 shares, issued and outstanding 9,529,153 and 9,364,804, respectively 95 94
Additional paid-in capital 68,435 68,035
Accumulated deficit (61,319) (56,197)
Accumulated other comprehensive loss (2,891) (2,740)
Total stockholders’ equity 4,320 9,192
Total liabilities and stockholders’ equity $ 29,934 $ 34,276