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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 14,438 $ 13,290
Trade accounts receivable, net of allowance for doubtful accounts of $152 and $213, respectively 11,524 12,166
Inventories 6,668 4,966
Prepaid expenses and other current assets 657 577
Total current assets 33,287 30,999
Property and equipment:    
Machinery and equipment 4,993 5,033
Leasehold improvements 1,861 822
Gross property and equipment 6,854 5,855
Less: accumulated depreciation (4,451) (4,314)
Net property and equipment 2,403 1,541
Goodwill 13,738 13,738
Intangible assets, net 15,798 16,014
Restricted certificates of deposit 175 175
Other assets 32 26
Total assets 65,433 62,493
Current liabilities:    
Accounts payable 3,280 2,032
Accrued wages and benefits 1,745 2,781
Accrued rent 515 521
Accrued professional fees 774 717
Accrued sales commissions 422 529
Customer deposits and deferred revenue 769 886
Domestic and foreign income taxes payable 1,773 1,199
Earnout payable 5,833 5,355
Other current liabilities 527 399
Total current liabilities 15,638 14,419
Federal transition tax payable, net of current portion 436 436
Deferred tax liabilities 2,539 2,606
Business Combination, Contingent Consideration, Liability, Noncurrent 6,992 5,744
Total liabilities 25,605 23,205
Commitments and Contingencies
Stockholders' equity:    
Preferred stock, $0.01 par value; 5,000,000 shares authorized; no shares issued or outstanding
Common stock, $0.01 par value; 20,000,000 shares authorized; 10,506,635 and 10,427,435 shares issued, respectively 105 104
Additional paid-in capital 25,980 25,860
Retained earnings 13,027 12,646
Accumulated other comprehensive earnings 920 882
Treasury stock, at cost; 33,077 shares (204) (204)
Total stockholders' equity 39,828 39,288
Total liabilities and stockholders' equity $ 65,433 $ 62,493