Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.3.0.814
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 4,029 $ 11,684
Marketable securities 8,754 23,486
Restricted cash 2,301 2,300
Receivables, net of allowance for doubtful accounts of $31 and $55, respectively 8,401 10,090
Finished goods inventories 329 168
Prepaid income taxes 700 301
Prepaid expenses and other current assets 3,863 3,633
Deferred income taxes - current 64 64
Current assets from discontinued operations 0 1,026
Total current assets 28,441 52,752
Property and equipment, net of accumulated depreciation of $2,552 and $1,842, respectively 3,147 1,899
Intangible assets, net of amortization 11,669 13,384
Goodwill 8,295 8,525
Other assets - non-current 3,861 3,617
Total assets 55,413 80,177
Current liabilities:    
Trade accounts payable and other accrued liabilities 3,008 3,529
Accrued compensation 2,947 6,222
Deferred revenue 9,953 9,015
Deferred income taxes - current 13 110
Income taxes payable 0 53
Financing obligations - current 279 0
Current liabilities from discontinued operations 50 448
Total current liabilities 16,250 19,377
Non-current liabilities:    
Deferred revenue - non-current 1,339 1,047
Income taxes payable - non-current 9 8
Deferred tax liability - non-current 904 1,071
Financing obligations - non-current 519 0
Lease incentives - non-current 720 0
Other non-current liabilities 394 401
Total non-current liabilities 3,885 2,527
Total liabilities $ 20,135 $ 21,904
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 9,224,664 and 9,127,425, respectively 92 91
Additional paid-in capital 65,091 63,566
Accumulated deficit (28,721) (4,599)
Accumulated other comprehensive loss (1,184) (785)
Total stockholders’ equity 35,278 58,273
Total liabilities and stockholders’ equity $ 55,413 $ 80,177