Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.19.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 7,525 $ 8,636
Receivables, net of allowance for doubtful accounts of $49 and $61, respectively 4,202 6,278
Contract assets 1,330 485
Income tax receivable 274 327
Prepaid expenses and other current assets 1,752 2,192
Total current assets 15,083 17,918
Property and equipment, net of accumulated depreciation of $2,864 and $2,809, respectively 633 545
Right of use assets – operating leases 1,783 0
Intangible assets, net 3,279 4,247
Goodwill 6,748 6,971
Deferred income taxes, non-current 45 55
Other assets, non-current 602 544
Total assets 28,173 30,280
Current liabilities:    
Accounts payable and other accrued liabilities 3,286 2,838
Accrued compensation 817 1,548
Deferred revenue 9,050 9,672
Operating lease liabilities 465 0
Deferred rent 0 45
Financing obligations 214 152
Term loan 3,834 0
Warrant liability 3,550 2,798
Total current liabilities 21,216 17,053
Long-term liabilities:    
Deferred revenue, non-current 1,768 1,672
Income taxes payable, non-current 580 563
Deferred tax liability, non-current 0 2
Operating lease liabilities, non-current 1,735 0
Deferred rent, non-current 0 302
Financing obligations, non-current 104 57
Term loan, non-current 0 3,431
Other non-current liabilities 0 195
Total long-term liabilities 4,187 6,222
Total liabilities 25,403 23,275
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 9,908,782 and 9,624,060, respectively 99 96
Additional paid-in capital 69,705 69,072
Accumulated deficit (63,457) (58,875)
Accumulated other comprehensive loss (3,577) (3,288)
Total stockholders’ equity 2,770 7,005
Total liabilities and stockholders’ equity $ 28,173 $ 30,280