Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.21.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 27,575 $ 11,878
Accounts and Financing Receivable, after Allowance for Credit Loss, Current 4,274 5,612
Contract assets 470 467
Income tax receivable 592 479
Prepaid expenses and other current assets 2,685 2,302
Total current assets 35,596 20,738
Property and equipment, net of accumulated depreciation of $1,413 and $1,376, respectively 307 249
Right of use assets – operating leases 288 332
Intangible assets, net 1,959 2,143
Goodwill 7,513 7,455
Deferred Income Tax Assets, Net 19 19
Other assets, non-current 462 490
Total assets 46,144 31,426
Current liabilities:    
Accounts payable and other accrued liabilities 2,525 2,705
Accrued compensation 1,678 2,145
Deferred revenue 11,993 12,918
Operating lease liabilities 691 735
Financing obligations 313 406
Other Notes Payable, Current 0 1,800
Debt derivative liability, current 0 37
Warrant liability 1,993 2,910
Total current liabilities 19,193 23,656
Long-term liabilities:    
Deferred revenue, non-current 2,817 3,488
Income taxes payable, non-current 613 608
Operating lease liabilities, non-current 441 554
Financing obligations, non-current 133 75
Other Liabilities, Noncurrent 160 160
Total long-term liabilities 4,164 4,885
Total liabilities $ 23,357 $ 28,541
Preferred stock, shares authorized (in shares) 250,000 250,000
Common stock, shares outstanding (in shares) 17,590,586 13,780,823
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 17,590,586 and 13,780,823, respectively 176 138
Additional paid-in capital 103,824 79,489
Accumulated deficit (78,778) (74,328)
Accumulated other comprehensive loss (2,435) (2,414)
Total stockholders’ equity 22,787 2,885
Total liabilities and stockholders’ equity $ 46,144 $ 31,426