Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2015
Current assets:      
Cash and cash equivalents $ 10,639,000 $ 8,636,000  
Receivables, net of allowance 4,586,000 6,278,000  
Contract assets 1,089,000 485,000  
Income tax receivable 338,000 327,000  
Prepaid expenses and other current assets 1,981,000 2,192,000  
Total current assets 18,633,000 17,918,000  
Property and equipment, net of depreciation 596,000 545,000  
Right of use assets – operating leases 1,746,000 0  
Intangible assets, net of amortization 3,075,000 4,247,000  
Goodwill 7,203,000 6,971,000  
Deferred income taxes, non-current 21,000 55,000  
Other assets - non-current 442,000 544,000  
Total assets 31,716,000 30,280,000  
Current liabilities:      
Accounts payable and other accrued liabilities 2,816,000 2,838,000  
Accrued compensation 1,165,000 1,548,000  
Operating lease, liability, current 587,000 0  
Deferred revenue 10,140,000 9,672,000  
Deferred rent 0 45,000  
Financing obligations 157,000 152,000  
Warrant liability 2,939,000 2,798,000  
Total current liabilities 17,804,000 17,053,000  
Contract with Customer, Liability, Noncurrent 1,449,000 1,672,000  
Long-term liabilities:      
Income taxes payable - non-current 585,000 563,000  
Deferred tax liability - non-current 0 2,000  
Operating lease, liability, noncurrent 1,587,000 0  
Deferred rent, non-current 0 302,000  
Financing obligations, non-current 83,000 57,000  
Term loan, non-current 0 3,431,000  
Other non-current liabilities 0 195,000  
Total long-term liabilities 3,704,000 6,222,000  
Total liabilities 21,508,000 23,275,000  
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 13,553,409 and 9,624,060, respectively 136,000 96,000  
Additional paid-in capital 78,061,000 69,072,000  
Accumulated deficit (65,128,000) (58,875,000)  
Accumulated other comprehensive loss (2,861,000) (3,288,000)  
Total stockholders’ equity 10,208,000 7,005,000  
Total liabilities and stockholders’ equity $ 31,716,000 $ 30,280,000