Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 10,552 $ 19,459
Accounts receivable, net of allowance for doubtful accounts 11,944 6,621
Other current assets 1,970 2,118
Total current assets 24,466 28,198
FIXED ASSETS, net of accumulated depreciation 5,372 6,069
OTHER ASSETS    
Restricted cash 300 300
Patents and other intangible assets, net of accumulated amortization 1,639 1,727
Investment in joint venture 314 341
Goodwill 12,029 12,029
Other 115 220
Total other assets 14,397 14,617
Total Assets 44,235 48,884
CURRENT LIABILITIES    
Accounts payable and accrued expenses 7,632 7,579
Obligations under capital leases, current portion 72 122
Deferred revenue 423 831
Bank term note, current portion 2,000 1,333
Total current liabilities 10,127 9,865
Obligations under capital leases 242 276
Deferred rent payable and other 306 315
Warrant liability 0 17
Deferred revenue, long-term 753 752
Bank term note 3,648 4,642
Total Liabilities 15,076 15,867
STOCKHOLDERS’ EQUITY    
Preferred stock, authorized 9,764 shares, $0.0001 par value, none issued 0 0
Common stock, authorized 100,000 shares, $0.0001 par value, 16,120 and 13,652 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively 2 1
Additional paid-in capital 136,590 131,167
Accumulated (deficit) (107,433) (98,151)
Total Stockholders’ Equity 29,159 33,017
Total Liabilities and Stockholders’ Equity $ 44,235 $ 48,884