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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 9,704 $ 14,312
Short-term investments 21,280 18,888
Accounts receivable, net of allowance for doubtful accounts of $50 at March 31, 2017 and December 31, 2016 15,751 21,579
Prepaid expenses and other current assets 1,474 878
Contract assets 883  
Total current assets 49,092 55,657
Equipment, furniture and leasehold improvements, net 1,040 1,089
Deferred tax assets 7 7
Intangible assets, net 439 464
Goodwill 3,738 3,738
Other non-current assets including contract assets 87 53
Total assets 54,403 61,008
Current liabilities:    
Third-party software fees payable 9,111 14,831
Accounts payable 372 283
Accrued compensation 1,786 2,008
Other accrued expenses 806 714
Deferred rent, current portion 327 321
Deferred revenue 1,908 2,064
Total current liabilities 14,310 20,221
Deferred tax liability   23
Deferred rent 772 854
Deferred revenue 115 1,798
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; 12,568,708 shares issued and outstanding at March 31, 2017 and 12,532,348 shares issued and outstanding at December 31, 2016 136,150 135,660
Accumulated other comprehensive loss (928) (941)
Accumulated deficit (96,016) (96,607)
Total shareholders’ equity 39,206 38,112
Total liabilities and shareholders’ equity $ 54,403 $ 61,008