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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 18,187 $ 18,473
Accounts receivable (net of allowance of $695 and $581 at June 30, 2016 and December 31, 2015, respectively) 13,646 13,972
Prepaid and other 2,621 2,603
Total current assets 34,454 35,048
Canadian tax credits receivable 1,661 2,018
Property and equipment, net 5,745 6,001
Intangible assets, net 34,407 31,526
Goodwill 67,830 47,422
Other assets 466 399
Total assets 144,563 122,414
Current liabilities:    
Accounts payable 1,216 2,548
Accrued compensation 1,835 2,441
Accrued expenses and other 6,033 5,173
Deferred revenue 23,985 19,931
Due to sellers 8,449 2,409
Current maturities of notes payable (includes unamortized discount of $251 and $250 at June 30, 2016 and December 31, 2015, respectively) 1,504 1,500
Total current liabilities 43,022 34,002
Canadian tax credit liability to sellers 398 368
Notes payable, less current maturities (includes unamortized discount of $645 and $758 at June 30, 2016 and December 31, 2015, respectively) 36,355 22,366
Deferred revenue 18 8
Noncurrent deferred tax liability, net 3,050 2,818
Other long-term liabilities 2,741 2,582
Total liabilities 85,584 62,144
Stockholders’ equity:    
Common stock, $0.0001 par value; 50,000,000 shares authorized: 17,268,246 and 15,746,288 shares issued and outstanding as of June 30, 2016 and December 31, 2015 respectively 2 2
Additional paid-in capital 119,825 112,447
Accumulated other comprehensive loss (2,808) (3,289)
Accumulated deficit (58,040) (48,890)
Total stockholders’ equity 58,979 60,270
Total liabilities and stockholders’ equity $ 144,563 $ 122,414