Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.20.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 8,365,000 $ 10,639,000
Accounts and Financing Receivable, after Allowance for Credit Loss, Current 5,082,000 4,586,000
Contract assets 907,000 1,089,000
Income tax receivable 441,000 338,000
Prepaid expenses and other current assets 2,022,000 1,981,000
Total current assets 16,817,000 18,633,000
Property and equipment, net of accumulated depreciation of $2,579 and $2,520, respectively 536,000 596,000
Right of use assets – operating leases 1,590,000 1,746,000
Intangible assets, net 2,770,000 3,075,000
Goodwill 6,739,000 7,203,000
Deferred Income Tax Assets, Net 13,000 21,000
Other assets, non-current 458,000 442,000
Total assets 28,923,000 31,716,000
Current liabilities:    
Accounts payable and other accrued liabilities 2,755,000 2,816,000
Accrued compensation 1,906,000 1,165,000
Deferred revenue 10,304,000 10,140,000
Operating lease liabilities 527,000 587,000
Financing obligations 133,000 157,000
Warrant liability 2,903,000 2,939,000
Total current liabilities 18,528,000 17,804,000
Long-term liabilities:    
Deferred revenue, non-current 1,096,000 1,449,000
Income taxes payable, non-current 591,000 585,000
Operating lease liabilities, non-current 1,399,000 1,587,000
Financing obligations, non-current 61,000 83,000
Total long-term liabilities 3,147,000 3,704,000
Total liabilities 21,675,000 21,508,000
Commitments and contingencies (Note 3) 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 13,528,102 and 13,553,409, respectively 136,000 136,000
Additional paid-in capital 78,253,000 78,061,000
Accumulated deficit (67,800,000) (65,128,000)
Accumulated other comprehensive loss (3,341,000) (2,861,000)
Total stockholders’ equity 7,248,000 10,208,000
Total liabilities and stockholders’ equity $ 28,923,000 $ 31,716,000