Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.22.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 15,464 $ 20,563
Accounts and Financing Receivable, after Allowance for Credit Loss, Current 3,679 3,709
Contract assets 563 446
Income tax receivable 653 556
Prepaid expenses and other current assets 2,538 2,184
Total current assets 22,897 27,458
Property and equipment, net of accumulated depreciation of $1,599 and $1,544, respectively 284 337
Right of use assets – operating leases 96 146
Intangible assets, net 1,223 1,388
Goodwill 7,180 7,388
Deferred Income Tax Assets, Net 17 17
Other assets, non-current 351 362
Total assets 32,048 37,096
Current liabilities:    
Accounts payable and other accrued liabilities 3,063 2,742
Accrued compensation 2,329 1,725
Deferred revenue 10,122 10,862
Operating lease liabilities 435 597
Financing obligations 5,350 5,502
Warrant liability 735 801
Total current liabilities 22,034 22,229
Long-term liabilities:    
Deferred revenue, non-current 1,167 1,507
Income taxes payable, non-current 636 630
Operating lease liabilities, non-current 0 21
Financing obligations, non-current 100 113
Total long-term liabilities 1,903 2,271
Total liabilities 23,937 24,500
Commitments and contingencies (Note 3)
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 17,865,088 and 17,786,959, respectively 179 178
Additional paid-in capital 105,993 105,655
Accumulated deficit (95,333) (90,693)
Accumulated other comprehensive loss (2,728) (2,544)
Total stockholders’ equity 8,111 12,596
Total liabilities and stockholders’ equity $ 32,048 $ 37,096