XML 13 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 19,417 $ 28,758
Accounts receivable (net of allowance of $622 and $658 at March 31, 2017 and December 31, 2016, respectively) 12,157 15,254
Prepaid and other 3,589 3,287
Total current assets 35,163 47,299
Canadian tax credits receivable 1,101 978
Property and equipment, net 4,355 4,356
Intangible assets, net 34,933 28,512
Goodwill 82,803 69,097
Other assets 355 346
Total assets 158,710 150,588
Current liabilities:    
Accounts payable 1,945 1,268
Accrued compensation 3,640 2,541
Accrued expenses and other 6,902 5,505
Deferred revenue 26,328 23,552
Due to sellers 1,057 4,642
Current maturities of notes payable (includes unamortized discount of $334 and $329 at March 31, 2017 and December 31, 2016, respectively) 2,685 2,190
Total current liabilities 42,557 39,698
Canadian tax credit liability to sellers 0 361
Notes payable, less current maturities (includes unamortized discount of $1,106 and $1,113 at March 31, 2017 and December 31, 2016, respectively) 54,491 45,739
Deferred revenue 227 247
Noncurrent deferred tax liability, net 3,600 3,404
Other long-term liabilities 1,956 2,126
Total liabilities 102,831 91,575
Stockholders’ equity:    
Common stock, $0.0001 par value; 50,000,000 shares authorized: 18,391,917 and 17,785,288 shares issued and outstanding as of March 31, 2017 and December 31, 2016, respectively 2 2
Additional paid-in capital 126,968 124,566
Accumulated other comprehensive loss (3,074) (3,152)
Accumulated deficit (68,017) (62,403)
Total stockholders’ equity 55,879 59,013
Total liabilities and stockholders’ equity $ 158,710 $ 150,588