Note 2 - Supplemental Balance-sheet Information

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Supplemental Balance Sheet Disclosures [Text Block]

Note

2

     Supplemental Balance-sheet Information

Receivables

Contract and other receivables consisted of the following (in

‘000’s

):

	December 31, 2019			December 31, 2018
Contract and other receivables	$	3,873		$	735
Allowance for doubtful accounts		(8	)		(8	)
	$	3,865		$	727

Inventor

ies

We state inventories at the lower of cost or net realizable value, using the

first

-in-

first

-out-method (in

‘000’s

) as follows: 

	December 31, 2019			December 31, 2018
Raw materials		99			110
Reseller inventories		1,258			-
Reserve		(4	)		(2	)
Inventories, net	$	1,353		$	108

Goodwill and Intangible Assets

Goodwill and Intangible Assets consisted of the following (in

‘000’s

):    

	December 3 1 , 201 9					December 31, 20 18
	Gross					Gross
	Carrying		Accumulated			Carrying		Accumulated
	Amount		Amortization			Amount		Amortization
Intangible assets not subject to amortization:
Goodwill	$	780		-		$	780		-
Intangible assets subject to amortization:
Customer relationships	$	906	$	(599	)	$	906	$	(508	)
Acquired software	$	234	$	(234	)	$	234	$	(234	)

We recognized amortization expense related to intangibles of approximately

$91,000

and

$115,000

for the years ended

December 31, 2019

and

2018,

respectively.

Annual amortization expense for the customer relationships is expected to be approximately

$91,000

during each year through

2022

and approximately

$34,000

in

2023.

Property and equipment

Property and equipment consisted of the following (in

’000’s

):

	Estimated Useful			December 31,
	Lives (years)			2019			2018
Trade equipment		5		$	105		$	102
Leasehold improvements	2	–	5		638			250
Furniture and fixtures		7			16			16
Computer equipment and software		3			1,802			1,599
					2,561			1,967
Less accumulated depreciation					(1,856	)		(1,577	)
Property and equipment, net				$	705		$	390

Depreciation of property and equipment and amortization of leasehold improvements and software totaled

$0.3

million for each of the years ended

December 31, 2019

and

2018.

Accounts Payable

and Accrued Expenses

Accounts payable and accrued expenses consisted of the following (in

’000’s

):

	December 31,
	2019		201 8
Accounts payable	$	7,890	$	944
Accrued expenses		473		566
Compensation, benefits and related taxes		464		856
Other accrued expenses		24		24
Total accounts payable and accrued expenses	$	8,851	$	2,390