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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 13,131 $ 14,312
Short-term investments 13,627 18,888
Accounts receivable, net of allowance for doubtful accounts of $50 at September 30, 2017 and December 31, 2016 16,609 21,579
Prepaid expenses and other current assets 957 878
Contract assets 697  
Total current assets 45,021 55,657
Equipment, furniture and leasehold improvements, net 1,019 1,089
Deferred tax assets 7 7
Intangible assets, net 390 464
Goodwill 3,738 3,738
Other non-current assets including contract assets 72 53
Total assets 50,247 61,008
Current liabilities:    
Third-party software fees payable 7,962 14,831
Accounts payable 393 283
Accrued compensation 2,225 2,008
Other accrued expenses 814 714
Deferred rent, current portion 335 321
Deferred revenue 2,622 2,064
Total current liabilities 14,351 20,221
Deferred tax liability   23
Deferred rent 602 854
Deferred revenue 56 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; 12,625,455 shares issued and outstanding at September 30, 2017 and 12,532,348 shares issued and outstanding at December 31, 2016 137,187 135,660
Accumulated other comprehensive loss (905) (941)
Accumulated deficit (101,044) (96,607)
Total shareholders’ equity 35,238 38,112
Total liabilities and shareholders’ equity $ 50,247 $ 61,008