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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 28,758 $ 18,473
Accounts receivable (net of allowance of $658 and $581 at December 31, 2016 and December 31, 2015, respectively) 15,254 13,972
Prepaid and other 3,287 2,603
Total current assets 47,299 35,048
Canadian tax credits receivable 978 2,018
Property and equipment, net 4,356 6,001
Intangible assets, net 28,512 31,526
Goodwill 69,097 47,422
Other assets 346 399
Total assets 150,588 122,414
Current liabilities:    
Accounts payable 1,268 2,548
Accrued compensation 2,541 2,441
Accrued expenses and other 5,505 5,173
Deferred revenue 23,552 19,931
Due to sellers 4,642 2,409
Current maturities of notes payable (includes unamortized discount of $329 and $250 at December 31, 2016 and December 31, 2015, respectively) 2,190 1,500
Total current liabilities 39,698 34,002
Commitments and contingencies (Note 9)
Canadian tax credit liability to sellers 361 368
Notes payable, less current maturities (includes unamortized discount of $1,113 and $758 at December 31, 2016 and December 31, 2015, respectively 45,739 22,366
Deferred revenue 247 8
Noncurrent deferred tax liability, net 3,404 2,818
Other long-term liabilities 2,126 2,582
Total liabilities 91,575 62,144
Stockholders’ equity:    
Common stock, $0.0001 par value; 50,000,000 shares authorized: 17,785,288 and 15,746,288 shares issued and outstanding as of December 31, 2016 and December 31, 2015 respectively 2 2
Additional paid-in capital 124,566 112,447
Accumulated other comprehensive loss (3,152) (3,289)
Accumulated deficit (62,403) (48,890)
Total stockholders’ equity 59,013 60,270
Total liabilities and stockholders’ equity $ 150,588 $ 122,414