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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 13,585 $ 18,473
Accounts receivable, net of allowance of $399 and $581 at March 31, 2016 and December 31, 2015, respectively) 13,161 13,972
Prepaid and other 2,996 2,603
Total current assets 29,742 35,048
Canadian tax credits receivable 1,587 2,018
Property and equipment, net 6,018 6,001
Intangible assets, net 33,913 31,526
Goodwill 64,848 47,422
Other assets 416 399
Total assets 136,524 122,414
Current liabilities:    
Accounts payable 2,092 2,548
Accrued compensation 2,044 2,441
Accrued expenses and other 5,274 5,173
Deferred revenue 21,510 19,931
Due to sellers 9,068 2,409
Current maturities of notes payable (includes unamortized discount of $253 and $250 at March 31, 2016 and December 31, 2015, respectively) 1,497 1,500
Total current liabilities 41,485 34,002
Canadian tax credit liability to sellers 391 368
Notes payable, less current maturities (includes unamortized discount of $704 and $758 at March 31, 2016 and December 31, 2015, respectively 27,108 22,366
Deferred revenue 26 8
Noncurrent deferred tax liability, net 2,908 2,818
Other long-term liabilities 3,021 2,582
Total liabilities 74,939 62,144
Stockholders’ equity:    
Common stock, $0.0001 par value; 50,000,000 shares authorized: 17,198,049 and 15,746,288 shares issued and outstanding as of March 31, 2016 and December 31, 2015 respectively 2 2
Additional paid-in capital 118,859 112,447
Accumulated other comprehensive loss (2,813) (3,289)
Accumulated deficit (54,463) (48,890)
Total stockholders’ equity 61,585 60,270
Total liabilities and stockholders’ equity $ 136,524 $ 122,414