Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v2.4.1.9
Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 6,925us-gaap_CashAndCashEquivalentsAtCarryingValue $ 11,684us-gaap_CashAndCashEquivalentsAtCarryingValue
Marketable securities 20,496us-gaap_MarketableSecuritiesCurrent 23,486us-gaap_MarketableSecuritiesCurrent
Restricted cash 2,300us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue 2,300us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue
Receivables, net of allowance for doubtful accounts of $26 and $55, respectively 5,939us-gaap_ReceivablesNetCurrent 10,090us-gaap_ReceivablesNetCurrent
Finished goods inventories 405us-gaap_InventoryNet 168us-gaap_InventoryNet
Prepaid income taxes 432us-gaap_PrepaidTaxes 301us-gaap_PrepaidTaxes
Prepaid expenses and other current assets 4,972us-gaap_PrepaidExpenseAndOtherAssetsCurrent 3,633us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Deferred income taxes - current 63us-gaap_DeferredTaxAssetsNetCurrent 64us-gaap_DeferredTaxAssetsNetCurrent
Current assets from discontinued operations 910us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent 1,026us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
Total current assets 42,442us-gaap_AssetsCurrent 52,752us-gaap_AssetsCurrent
Property and equipment, net of accumulated depreciation of $2,057 and $1,842, respectively 1,833us-gaap_PropertyPlantAndEquipmentNet 1,899us-gaap_PropertyPlantAndEquipmentNet
Intangible assets, net of amortization 12,561us-gaap_IntangibleAssetsNetExcludingGoodwill 13,384us-gaap_IntangibleAssetsNetExcludingGoodwill
Goodwill 8,103us-gaap_Goodwill 8,525us-gaap_Goodwill
Deferred income taxes - non-current 2us-gaap_DeferredTaxAssetsNetNoncurrent 2us-gaap_DeferredTaxAssetsNetNoncurrent
Other assets - non-current 3,499us-gaap_OtherAssetsNoncurrent 3,615us-gaap_OtherAssetsNoncurrent
Total assets 68,440us-gaap_Assets 80,177us-gaap_Assets
Current liabilities:    
Trade accounts payable 2,911us-gaap_AccountsPayableTradeCurrent 3,197us-gaap_AccountsPayableTradeCurrent
Accrued compensation 4,363us-gaap_EmployeeRelatedLiabilitiesCurrent 6,222us-gaap_EmployeeRelatedLiabilitiesCurrent
Other accrued expenses 427us-gaap_OtherAccruedLiabilitiesCurrent 332us-gaap_OtherAccruedLiabilitiesCurrent
Deferred revenue 10,295us-gaap_DeferredRevenueCurrent 9,015us-gaap_DeferredRevenueCurrent
Deferred income taxes - current 58us-gaap_DeferredTaxLiabilitiesCurrent 110us-gaap_DeferredTaxLiabilitiesCurrent
Income taxes payable 23us-gaap_TaxesPayableCurrent 53us-gaap_TaxesPayableCurrent
Current liabilities from discontinued operations 50us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent 448us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
Total current liabilities 18,127us-gaap_LiabilitiesCurrent 19,377us-gaap_LiabilitiesCurrent
Non-current liabilities:    
Deferred revenue - non-current 842us-gaap_DeferredRevenueNoncurrent 1,047us-gaap_DeferredRevenueNoncurrent
Income taxes payable - non-current 9us-gaap_AccruedIncomeTaxesNoncurrent 8us-gaap_AccruedIncomeTaxesNoncurrent
Deferred tax liability - non-current 975us-gaap_DeferredTaxLiabilitiesNoncurrent 1,071us-gaap_DeferredTaxLiabilitiesNoncurrent
Other non-current liabilities 366us-gaap_OtherLiabilitiesNoncurrent 401us-gaap_OtherLiabilitiesNoncurrent
Total long-term liabilities 2,192us-gaap_LiabilitiesNoncurrent 2,527us-gaap_LiabilitiesNoncurrent
Total liabilities 20,319us-gaap_Liabilities 21,904us-gaap_Liabilities
Commitments and contingencies (Note 11)      
Total Qumu stockholders’ equity    
Preferred stock, $0.01 par value, authorized 250,000 shares, no shares issued and outstanding 0us-gaap_PreferredStockValue 0us-gaap_PreferredStockValue
Common stock, $0.01 par value, authorized 29,750,000 shares, issued and outstanding 9,138,125 and 9,127,425, respectively 91us-gaap_CommonStockValue 91us-gaap_CommonStockValue
Additional paid-in capital 64,179us-gaap_AdditionalPaidInCapitalCommonStock 63,566us-gaap_AdditionalPaidInCapitalCommonStock
Accumulated deficit (14,539)us-gaap_RetainedEarningsAccumulatedDeficit (4,599)us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive loss (1,610)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (785)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Total stockholders’ equity 48,121us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 58,273us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilities and stockholders’ equity $ 68,440us-gaap_LiabilitiesAndStockholdersEquity $ 80,177us-gaap_LiabilitiesAndStockholdersEquity