XML 9 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2011
Dec. 31, 2010
CURRENT ASSETS:    
Cash and cash equivalents $ 3,928 $ 4,583
Restricted certificate of deposit    3,500
Accounts receivable, net 13,790 12,230
Deferred tax assets 158 151
Prepaid expenses and other current assets 1,978 1,016
Total current assets 19,854 21,480
Property and equipment, net 1,689 1,542
Restricted certificate of deposit 3,500   
Goodwill 314 314
Other assets 861 648
Total assets 26,218 23,984
CURRENT LIABILITIES:    
Notes payable - bank 8,143 6,663
Accounts payable 4,020 2,658
Accrued expenses and other current liabilities 14,628 13,028
Income taxes payable 10,783 11,070
Total current liabilities 37,574 33,419
LONG-TERM LIABILITIES:    
Convertible notes payable to related party, including accrued interest 18,944 14,810
Liability to United States Department of Labor 1,005 1,184
Other liabilities 113 105
Total liabilities 57,636 49,518
SHAREHOLDERS' DEFICIENCY:    
Common stock, 0.45 Euro par value; 17,000,000 shares authorized; 8,009,185 shares issued and outstanding as of June 30, 2011 and December 31, 2010 4,475 4,475
Additional paid-in capital 20,845 20,845
Accumulated deficit (49,893) (44,028)
Accumulated other comprehensive loss (6,845) (6,826)
Total shareholders' deficiency (31,418) (25,534)
Total liabilities and shareholders' deficiency $ 26,218 $ 23,984