Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.19.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 8,571 $ 8,636
Receivables, net of allowance for doubtful accounts of $79 and $61, respectively 4,380 6,278
Contract assets 1,661 485
Income tax receivable 339 327
Prepaid expenses and other current assets 2,140 2,192
Total current assets 17,091 17,918
Property and equipment, net of accumulated depreciation of $2,912 and $2,809, respectively 680 545
Right of use assets – operating leases 1,128 0
Intangible assets, net 3,956 4,247
Goodwill 7,134 6,971
Deferred income taxes, non-current 53 55
Other assets, non-current 476 544
Total assets 30,518 30,280
Current liabilities:    
Accounts payable and other accrued liabilities 2,640 2,838
Accrued compensation 1,150 1,548
Deferred revenue 9,558 9,672
Operating lease liabilities 549 0
Deferred rent 0 45
Financing obligations 131 152
Term loan 3,559 0
Warrant liability 3,087 2,798
Total current liabilities 20,674 17,053
Long-term liabilities:    
Deferred revenue, non-current 1,425 1,672
Income taxes payable, non-current 568 563
Deferred tax liability, non-current 0 2
Operating lease liabilities, non-current 1,021 0
Deferred rent, non-current 0 302
Financing obligations, non-current 146 57
Term loan, non-current 0 3,431
Other non-current liabilities 0 195
Total long-term liabilities 3,160 6,222
Total liabilities 23,834 23,275
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 9,765,392 and 9,624,060, respectively 98 96
Additional paid-in capital 69,266 69,072
Accumulated deficit (59,635) (58,875)
Accumulated other comprehensive loss (3,045) (3,288)
Total stockholders’ equity 6,684 7,005
Total liabilities and stockholders’ equity $ 30,518 $ 30,280