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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
CURRENT ASSETS    
Cash and cash equivalents $ 2,141 $ 2,534
Accounts receivable, net of allowance of $945 and $617, respectively 3,293 4,663
Unbilled receivables 72 86
Work-in-process and inventories, net of reserve of $136 and $134, respectively 714 379
Prepaid expenses and other current assets 460 320
Total current assets 6,680 7,982
Operating lease right-of-use assets 1,599 1,728
Property and equipment, net 1,614 1,553
Intangibles, net 4,248 4,407
Goodwill 7,525 18,171
Other assets 126 135
TOTAL ASSETS 21,792 33,976
CURRENT LIABILITIES    
Short-term seller note payable 1,637 1,637
Short-term related party convertible loans payable, at fair value 2,171 2,000
Accounts payable 2,002 1,849
Accrued expenses 2,298 2,751
Deferred revenues 1,453 772
Customer deposits 1,350 755
Current maturities of operating leases 649 646
Current maturities of finance leases 16 21
Total current liabilities 11,576 10,431
Long-term related party loans payable, net of $422 and $507 discount, respectively 3,869 3,757
Long-term obligations under operating leases 970 1,100
Deferred tax liabilities 175
Other long-term liabilities 2 5
TOTAL LIABILITIES 16,417 15,468
SHAREHOLDERS' EQUITY    
Common stock, $.01 par value, 200,000 shares authorized; 9,795 and 9,775 shares issued and outstanding, respectively 98 98
Additional paid-in capital 54,102 54,052
Accumulated deficit (48,825) (35,642)
Total shareholders' equity 5,375 18,508
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 21,792 $ 33,976