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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 22,326 $ 28,758
Accounts receivable (net of allowance of $1,069 and $658 at December 31, 2017 and December 31, 2016, respectively) 26,504 15,254
Prepaid and other 2,856 3,287
Total current assets 51,686 47,299
Canadian tax credits receivable 1,196 978
Property and equipment, net 2,927 4,356
Intangible assets, net 70,043 28,512
Goodwill 154,607 69,097
Other assets 800 346
Total assets 281,259 150,588
Current liabilities:    
Accounts payable 3,887 1,268
Accrued compensation 5,157 2,541
Accrued expenses and other 12,148 5,505
Deferred revenue 43,807 23,552
Due to sellers 7,839 4,642
Current maturities of notes payable (includes unamortized discount of $699 and $329 at December 31, 2017 and December 31, 2016, respectively) 2,301 2,190
Total current liabilities 75,139 39,698
Canadian tax credit liability to sellers 0 361
Notes payable, less current maturities (includes unamortized discount of $1,969 and $1,113 at December 31, 2017 and December 31, 2016, respectively) 108,843 45,739
Deferred revenue 1,570 247
Noncurrent deferred tax liability, net 3,262 3,404
Other long-term liabilities 1,030 2,126
Total liabilities 189,844 91,575
Stockholders’ equity:    
Common stock, $0.0001 par value; 50,000,000 shares authorized: 20,768,401 and 17,785,288 shares issued and outstanding as of December 31, 2017 and December 31, 2016, respectively 2 2
Additional paid-in capital 174,944 124,566
Accumulated other comprehensive loss (2,403) (3,152)
Accumulated deficit (81,128) (62,403)
Total stockholders’ equity 91,415 59,013
Total liabilities and stockholders’ equity $ 281,259 $ 150,588