Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.7.0.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 8,982 $ 10,364
Receivables, net of allowance for doubtful accounts of $8 and $34, respectively 5,163 7,495
Income tax receivable 186 317
Prepaid expenses and other current assets 2,089 2,470
Total current assets 16,420 20,646
Property and equipment, net of accumulated depreciation of $4,231 and $3,711, respectively 1,343 1,827
Intangible assets, net 7,242 8,110
Goodwill 7,112 6,749
Deferred income taxes, non-current 68 70
Other assets, non-current 4,514 4,827
Total assets 36,699 42,229
Current liabilities:    
Accounts payable and other accrued liabilities 2,580 2,394
Accrued compensation 1,864 2,361
Deferred revenue 8,809 8,992
Deferred rent 280 283
Financing obligations 394 508
Warrant liability 960 893
Total current liabilities 14,887 15,431
Long-term liabilities:    
Deferred revenue, non-current 380 423
Income taxes payable, non-current 3 6
Deferred tax liability, non-current 232 294
Deferred rent, non-current 567 712
Financing obligations, non-current 31 170
Term loan, non-current 6,728 6,617
Total long-term liabilities 7,941 8,222
Total liabilities 22,828 23,653
Commitments and contingencies (Note 3) 0 0
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 9,399,455 and 9,227,247, respectively 94 92
Additional paid-in capital 67,634 66,864
Accumulated deficit (50,646) (44,473)
Accumulated other comprehensive loss (3,211) (3,907)
Total stockholders’ equity 13,871 18,576
Total liabilities and stockholders’ equity $ 36,699 $ 42,229