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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash and cash equivalents $ 20,922,457 $ 24,158,444
Accounts receivable, net of allowance of $637,802 and $527,958 at June 30, 2018 and December 31, 2017, respectively 23,866,941 26,443,675
Prepaid expenses and other current assets 5,253,503 3,245,174
Total current assets 50,042,901 53,847,293
Restricted cash 500,000 894,551
Goodwill 149,227,248 150,694,135
Property and equipment, net 3,632,350 4,524,118
Intangible assets, net 42,342,822 48,719,428
Deferred taxes 16,115,201 15,521,214
Other assets 1,878,851 1,144,032
Total assets 263,739,373 275,344,771
CURRENT LIABILITIES:    
Accounts payable 5,325,941 6,277,846
Accrued liabilities 17,812,588 19,866,438
Current portion of long-term debt 15,000,000 15,000,000
Current portion of capital lease obligations 187,606 254,399
Deferred revenue 5,006,501 4,433,450
Total current liabilities 43,332,636 45,832,133
Long-term capital lease obligations, less current portion, net 110,056 192,137
Long-term debt, less current portion, net 33,301,419 40,637,106
Long-term derivative liability 2,126,536 2,995,657
Other liabilities 114,340 147,178
Total liabilities 78,984,987 89,804,211
Commitments and contingencies (see Note 7) 0 0
STOCKHOLDERS’ EQUITY:    
Preferred stock, $.001 par value; authorized - 5,000,000 shares; 0 shares issued and outstanding at June 30, 2018 and December 31, 2017 0 0
Common stock, $.001 par value; authorized - 100,000,000 shares; 73,121,962 and 71,915,018 shares issued and outstanding at June 30, 2018 and December 31, 2017, respectively 73,118 71,918
Additional paid-in capital 412,213,959 408,029,068
Accumulated deficit (225,867,346) (221,435,888)
Accumulated other comprehensive loss (1,665,345) (1,124,538)
Total stockholders’ equity 184,754,386 185,540,560
Total liabilities and stockholders’ equity $ 263,739,373 $ 275,344,771