XML 21 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Mar. 31, 2017
ASSETS    
Cash and cash equivalents $ 9,928 $ 9,429
Accounts receivable, net of allowance for doubtful accounts of $215 and $114 as of March 31, 2018 and March 31, 2017, respectively 6,605 7,042
Restricted cash 28 34
Prepaid expenses and other current assets 1,542 1,553
Total current assets 18,103 18,058
Property and equipment, net 90 85
Capitalized software development costs, net 2,994 2,341
Goodwill 15,458 14,448
Other intangibles, net 3,952 5,860
Other assets 1,467 1,599
Total assets 42,064 42,391
Current liabilities    
Credit facility 12,128 11,861
Accounts payable 2,371 2,478
Accrued payroll and related liabilities 1,986 1,729
Other accrued liabilities 2,239 2,042
Deferred revenue 9,487 10,070
Income tax payable 48 23
COFACE loan 174
Total current liabilities 28,259 28,377
Long-term deferred revenue 84 10
Convertible note, net of debt discount 7,475 7,599
Other long-term liabilities 1,306 1,306
Total liabilities 37,124 37,292
Commitments and contingencies (Notes 7 and 8):
Stockholders’ equity:    
Common stock, $0.0001 par value: Authorized: 35,000 shares at March 31, 2018 and 2017; Issued: 15,050 and 12,223 shares at March 31, 2018 and 2017, respectively; Outstanding: 14,905 and 12,078 shares at March 31, 2018 and 2017, respectively 7 5
Additional paid-in capital 325,942 317,367
Treasury stock at cost – 145 at March 31, 2018 and 2017 (472) (472)
Accumulated deficit (321,697) (311,749)
Accumulated other comprehensive income (loss) 1,160 (52)
Total stockholders’ equity 4,940 5,099
Total liabilities and stockholders’ equity $ 42,064 $ 42,391