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
Sep. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 20,348 $ 37,725
Marketable securities 30,220 13,233
Restricted cash 2,300 0
Receivables, net of allowance for doubtful accounts of $28 and $20, respectively 7,803 3,458
Finished goods inventories 196 120
Prepaid income taxes 938 1,356
Prepaid expenses and other current assets 3,991 1,816
Current assets from discontinued operations 1,097 14,066
Total current assets 66,893 71,774
Property and equipment, net of accumulated depreciation of $1,705 and $1,208, respectively 1,648 1,379
Intangible assets, net of amortization of $2,435 and $1,546, respectively 7,336 8,225
Deferred income taxes - non-current 0 85
Other assets - non-current 3,336 3,288
Non-current assets from discontinued operations 0 4,420
Total assets 79,213 89,171
Current liabilities:    
Trade accounts payable 2,170 2,057
Accrued compensation 5,486 4,999
Other accrued expenses 279 202
Deferred revenue 5,303 3,905
Other current liabilities 0 25
Current liabilities from discontinued operations 416 11,865
Total current liabilities 13,654 23,053
Non-current liabilities:    
Deferred revenue - non-current 1,476 265
Income taxes payable - non-current 8 116
Other non-current liabilities 428 519
Non-current liabilities from discontinued operations 0 2,637
Total non-current liabilities 1,912 3,537
Total liabilities 15,566 26,590
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 8,747,465 and 8,674,029, respectively 87 87
Additional paid-in capital 59,928 58,411
Retained earnings 3,855 3,921
Accumulated other comprehensive income (loss) (223) 162
Total stockholders’ equity 63,647 62,581
Total liabilities and stockholders’ equity $ 79,213 $ 89,171