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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 57,420 $ 28,758
Accounts receivable (net of allowance of $940 and $658 at June 30, 2017 and December 31, 2016, respectively) 14,278 15,254
Prepaid and other 2,766 3,287
Total current assets 74,464 47,299
Canadian tax credits receivable 1,242 978
Property and equipment, net 3,876 4,356
Intangible assets, net 41,172 28,512
Goodwill 103,778 69,097
Other assets 330 346
Total assets 224,862 150,588
Current liabilities:    
Accounts payable 2,482 1,268
Accrued compensation 2,469 2,541
Accrued expenses and other 7,704 5,505
Deferred revenue 29,870 23,552
Due to sellers 6,695 4,642
Current maturities of notes payable (includes unamortized discount of $103 and $329 at June 30, 2017 and December 31, 2016, respectively) 3,666 2,190
Total current liabilities 52,886 39,698
Canadian tax credit liability to sellers 0 361
Notes payable, less current maturities (includes unamortized discount of $307 and $1,113 at June 30, 2017 and December 31, 2016, respectively) 68,593 45,739
Deferred revenue 1,372 247
Noncurrent deferred tax liability, net 3,853 3,404
Other long-term liabilities 1,624 2,126
Total liabilities 128,328 91,575
Stockholders’ equity:    
Common stock, $0.0001 par value; 50,000,000 shares authorized: 20,599,395 and 17,785,288 shares issued and outstanding as of June 30, 2017 and December 31, 2016, respectively 2 2
Additional paid-in capital 173,179 124,566
Accumulated other comprehensive loss (2,819) (3,152)
Accumulated deficit (73,828) (62,403)
Total stockholders’ equity 96,534 59,013
Total liabilities and stockholders’ equity $ 224,862 $ 150,588