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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
CURRENT ASSETS:    
Cash and cash equivalents $ 7,912 $ 5,973
Restricted cash 4,388 4,759
Accounts receivable, net 25,715 20,991
Prepaid expenses and other current assets $ 1,987 1,036
Current assets from discontinued operations 134
Total current assets $ 40,002 32,893
Deferred tax assets, net 92 131
Property and equipment, net 1,493 1,257
Goodwill 314 314
Other assets 448 410
Total assets 42,349 35,005
CURRENT LIABILITIES:    
Notes payable-banks 11,412 10,022
Accounts payable 3,079 2,786
Accrued expenses and other current liabilities 25,065 17,086
Income taxes payable 89 53
Value added tax (VAT) payable $ 5,362 5,430
Current liabilities from discontinued operations 102
Total current liabilities $ 45,007 35,479
Convertible notes payable to a related party, including accrued interest 39,403 38,504
Other liabilities 147 81
Total liabilities $ 84,557 $ 74,064
COMMITMENTS AND CONTINGENCIES (NOTES 11 and 14)
SHAREHOLDERS' DEFICIT:    
Common stock, €0.45 par value; 33,333,334 shares authorized as of December 31, 2015 and 2014; 10,961,698 and 8,061,698 shares issued and outstanding as of December 31, 2015 and 2014, respectively $ 5,928 $ 4,507
Additional paid-in capital 21,267 20,949
Accumulated deficit (61,896) (57,194)
Accumulated other comprehensive loss (7,507) (7,321)
Total shareholders' deficit (42,208) (39,059)
Total liabilities and shareholders' deficit $ 42,349 $ 35,005