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
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 4,641 $ 7,072
Marketable securities 0 6,249
Receivables, net of allowance for doubtful accounts of $21 and $24, respectively 6,039 11,257
Income tax receivable 343 659
Prepaid expenses and other current assets 2,828 3,392
Total current assets 13,851 28,629
Property and equipment, net of accumulated depreciation of $3,447 and $2,615, respectively 2,083 2,942
Intangible assets, net 8,818 11,032
Goodwill 7,107 8,103
Deferred income taxes, non-current 61 57
Other assets, non-current 4,891 3,649
Total assets 36,811 54,412
Current liabilities:    
Accounts payable and other accrued liabilities 2,929 3,864
Accrued compensation 2,140 4,014
Deferred revenue 10,021 10,413
Deferred rent 289 270
Financing obligations 367 502
Current liabilities from discontinued operations 0 50
Total current liabilities 15,746 19,113
Long-term liabilities:    
Deferred revenue, non-current 405 2,215
Income taxes payable, non-current 6 9
Deferred tax liability, non-current 367 575
Financing obligations, non-current 259 519
Deferred rent - non-current 780 998
Other non-current liabilities 0 226
Total long-term liabilities 1,817 4,542
Total liabilities 17,563 23,655
Commitments and contingencies (Note 4)
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 66,501 65,484
Accumulated deficit (44,206) (33,298)
Accumulated other comprehensive loss (3,139) (1,521)
Total stockholders’ equity 19,248 30,757
Total liabilities and stockholders’ equity $ 36,811 $ 54,412