Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v2.4.0.8
Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 28,279 $ 37,725
Marketable securities 18,229 13,233
Receivables, net of allowance for doubtful accounts and sales returns of $105 and $217, respectively 12,567 12,236
Inventories 4,591 4,102
Prepaid income taxes 971 1,346
Prepaid expenses and other current assets 4,203 2,907
Deferred income taxes - current 262 200
Total current assets 69,102 71,749
Property and equipment, net of accumulated depreciation and amortization of $15,586 and $15,829, respectively 5,337 5,419
Intangible assets, net of amortization of $2,621 and $2,277, respectively 8,225 8,578
Deferred income taxes - non-current 85 85
Other assets - non-current 3,315 3,315
Total assets 86,064 89,146
Current liabilities:    
Trade accounts payable 5,720 5,282
Accrued compensation 5,084 7,567
Other accrued expenses 664 603
Deferred revenue 11,634 9,550
Other current liabilities 31 26
Total current liabilities 23,133 23,028
Long-term liabilities:    
Deferred revenue - non-current 3,062 2,902
Income taxes payable - non-current 117 116
Other non-current liabilities 547 519
Total long-term liabilities 3,726 3,537
Total liabilities 26,859 26,565
Commitments and contingencies (Note 10)      
Total Qumu 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 8,684,042 and 8,674,029, respectively 87 87
Additional paid-in capital 58,944 58,411
Retained earnings (accumulated deficit) (7) 3,921
Accumulated other comprehensive income 181 162
Total stockholders' equity 59,205 62,581
Total liabilities and stockholders' equity $ 86,064 $ 89,146