Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.5.0.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 8,032 $ 7,072
Marketable securities 250 6,249
Receivables, net of allowance for doubtful accounts of $16 and $24, respectively 5,826 11,257
Income tax receivable 384 659
Prepaid expenses and other current assets 2,873 3,392
Total current assets 17,365 28,629
Property and equipment, net of accumulated depreciation of $3,206 and $2,615, respectively 2,360 2,942
Intangible assets, net 9,472 11,032
Goodwill 7,330 8,103
Deferred income taxes, non-current 60 57
Other assets, non-current 5,299 3,649
Total assets 41,886 54,412
Current liabilities:    
Accounts payable and other accrued liabilities 4,154 3,864
Accrued compensation 2,881 4,014
Deferred revenue 10,130 10,413
Deferred rent 296 270
Financing obligations 407 502
Current liabilities from discontinued operations 50 50
Total current liabilities 17,918 19,113
Long-term liabilities:    
Deferred revenue, non-current 503 2,215
Income taxes payable, non-current 6 9
Deferred tax liability, non-current 436 575
Financing obligations, non-current 347 519
Deferred rent - non-current 847 998
Other non-current liabilities 0 226
Total long-term liabilities 2,139 4,542
Total liabilities 20,057 23,655
Commitments and contingencies
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 9,246,803 and 9,188,682, respectively 92 92
Additional paid-in capital 66,206 65,484
Accumulated deficit (41,721) (33,298)
Accumulated other comprehensive loss (2,748) (1,521)
Total stockholders’ equity 21,829 30,757
Total liabilities and stockholders’ equity $ 41,886 $ 54,412