Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 15,556 $ 37,725
Marketable securities 24,466 13,233
Receivables, net of allowance for doubtful accounts of $20 and $20, respectively 8,921 3,458
Inventories 159 120
Prepaid income taxes 961 1,356
Prepaid expenses and other current assets 3,371 1,816
Current assets from discontinued operations 14,106 14,066
Total current assets 67,540 71,774
Property and equipment, net of accumulated depreciation of $1,534 and $1,208, respectively 1,436 1,379
Intangible assets, net of amortization of $2,138 and $1,546, respectively 7,633 8,225
Deferred income taxes - non-current 85 85
Other assets - non-current 3,291 3,288
Non-current assets from discontinued operations 4,022 4,420
Total assets 84,007 89,171
Current liabilities:    
Trade accounts payable 2,721 2,057
Accrued compensation 3,846 4,999
Other accrued expenses 274 202
Deferred revenue 4,263 3,905
Other current liabilities 24 25
Current liabilities from discontinued operations 13,698 11,865
Total current liabilities 24,826 23,053
Non-current liabilities:    
Deferred revenue - non-current 1,648 265
Income taxes payable - non-current 117 116
Other non-current liabilities 456 519
Non-current liabilities from discontinued operations 2,172 2,637
Total non-current liabilities 4,393 3,537
Total liabilities 29,219 26,590
Commitments and contingencies (Note 11)      
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 8,755,060 and 8,674,029, respectively 88 87
Additional paid-in capital 59,448 58,411
Retained earnings (accumulated deficit) (4,825) 3,921
Accumulated other comprehensive income 77 162
Total stockholders' equity 54,788 62,581
Total liabilities and stockholders' equity $ 84,007 $ 89,171