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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 12,342 $ 16,443
Short-term investments 15,284 13,280
Accounts receivable, net of allowance for doubtful accounts of $62 at March 31, 2016 and December 31, 2015 21,323 19,009
Prepaid expenses and other current assets 734 580
Total current assets 49,683 49,312
Equipment, furniture and leasehold improvements, net 1,088 1,167
Restricted cash equivalents 250 250
Deferred tax assets 17 145
Intangible assets, net 560 594
Goodwill 3,738 3,738
Other non-current assets 53 52
Total assets 55,389 55,258
Current liabilities:    
Third-party software fees payable 12,045 11,789
Accounts payable 470 188
Accrued compensation 1,553 2,390
Other accrued expenses 1,208 1,277
Deferred rent, current portion 304 298
Deferred revenue 742 1,135
Total current liabilities 16,322 17,077
Deferred tax liability 94 97
Deferred rent $ 1,100 $ 1,177
Shareholders’ equity:    
Preferred stock, no par value: 10,000,000 shares authorized; no shares issued and outstanding
Common stock, no par value: 37,500,000 shares authorized; 12,124,035 shares issued and outstanding at March 31, 2016 and 12,092,598 shares issued and outstanding at December 31, 2015 $ 133,774 $ 133,331
Accumulated other comprehensive loss (846) (869)
Accumulated deficit (95,055) (95,555)
Total shareholders’ equity 37,873 36,907
Total liabilities and shareholders’ equity $ 55,389 $ 55,258