Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.19.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2015
Current assets:      
Cash and cash equivalents $ 8,636,000 $ 7,690,000 $ 7,072,000
Receivables, net of allowance 6,278,000 5,529,000  
Contract assets 485,000 0  
Income tax receivable 327,000 156,000  
Prepaid expenses and other current assets 2,192,000 1,830,000  
Total current assets 17,918,000 15,205,000  
Property and equipment, net of depreciation 545,000 911,000  
Intangible assets, net of amortization 4,247,000 6,295,000  
Goodwill 6,971,000 7,390,000  
Deferred income taxes, non-current 55,000 77,000  
Other assets - non-current 544,000 4,398,000  
Total assets 30,280,000 34,276,000  
Current liabilities:      
Accounts payable and other accrued liabilities 2,838,000 3,878,000  
Accrued compensation 1,548,000 1,824,000  
Deferred revenue 9,672,000 8,923,000  
Deferred rent 45,000 181,000  
Financing obligations 152,000 1,047,000  
Warrant liability 2,798,000 819,000  
Total current liabilities 17,053,000 16,672,000  
Contract with Customer, Liability, Noncurrent 1,672,000 141,000  
Long-term liabilities:      
Income taxes payable - non-current 563,000 3,000  
Deferred tax liability - non-current 2,000 153,000  
Deferred rent, non-current 302,000 507,000  
Financing obligations, non-current 57,000 3,000  
Term loan, non-current 3,431,000 7,605,000  
Other non-current liabilities 195,000 0  
Total long-term liabilities 6,222,000 8,412,000  
Total liabilities 23,275,000 25,084,000  
Commitments and contingencies (Notes 11 and 15)  
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 9,624,060 and 9,364,804, respectively 96,000 94,000  
Additional paid-in capital 69,072,000 68,035,000  
Accumulated deficit (58,875,000) (56,197,000)  
Accumulated other comprehensive loss (3,288,000) (2,740,000)  
Total stockholders’ equity 7,005,000 9,192,000 $ 30,757,000
Total liabilities and stockholders’ equity $ 30,280,000 $ 34,276,000