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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current Assets:    
Cash and cash equivalents $ 24,461 $ 15,407
Receivables (net of allowances of $57 and $24, respectively) 7,109 4,863
Prepaid expenses 5,121 4,582
Other current assets 189 235
Total current assets 36,880 25,087
Equipment and leasehold improvements (net of accumulated depreciation and amortization of $16,062 and $14,805, respectively) 8,773 8,523
Goodwill 972 972
Intangibles (net of amortization of $3,443 and $3,351, respectively) 3,361 3,353
Other long-term assets 2,226 2,467
Total assets 52,212 40,402
Current Liabilities:    
Short-term debt 9,200  
Accounts payable 1,291 1,223
Accrued compensation and related costs 3,274 2,761
Unearned revenue 5,563 6,378
Capital leases 2,129 1,819
Other current liabilities 2,342 1,796
Total current liabilities 23,799 13,977
Long-term debt 5,940  
Long-term unearned revenue 1,677 1,597
Long-term capital leases 1,941 1,614
Other long-term liabilities 5,530 5,689
Total liabilities 38,887 22,877
Series B convertible preferred stock, $0.01 par value; 5,000,000 shares authorized and designated; 1,641,986 and 1,644,768 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively, with a liquidation preference of $10,572 and $10,443, at March 31, 2016 and December 31, 2015, respectively $ 8,374 $ 8,388
Stockholders’ Equity:    
Preferred Stock, $0.01 par value; 35,000,000 shares authorized; none issued and outstanding
Common Stock, $0.01 par value; 50,000,000 shares authorized; 27,655,133 and 27,636,853 shares issued at March 31, 2016 and December 31, 2015, respectively; and 26,594,463 and 25,849,876 shares outstanding at March 31, 2016 and December 31, 2015, respectively $ 276 $ 276
Additional paid-in capital 262,262 264,212
Accumulated deficit (247,906) (242,085)
Treasury stock, at cost, 1,060,670 and 1,786,977 shares at March 31, 2016 and December 31, 2015, respectively (5,651) (9,239)
Accumulated other comprehensive loss (4,030) (4,027)
Total stockholders’ equity 4,951 9,137
Total liabilities and stockholders’ equity $ 52,212 $ 40,402