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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
CURRENT ASSETS    
Cash and cash equivalents $ 12,957 $ 5,084
Accounts receivable 45 56
Prepaid expenses and other current assets 225 160
Investments held-to-maturity 0 4,747
TOTAL CURRENT ASSETS 13,227 10,047
PROPERTY AND EQUIPMENT    
Property and equipment 2,314 2,269
Less: Accumulated depreciation and amortization (1,434) (1,275)
PROPERTY AND EQUIPMENT, NET 880 994
NONCURRENT ASSETS    
Intangible assets, net 1,267 1,253
Restricted cash 100 100
Goodwill 803 789
Deferred tax asset 10 0
Other assets 30 16
TOTAL OTHER NONCURRENT ASSETS 2,210 2,158
TOTAL ASSETS 16,317 13,199
CURRENT LIABILITIES    
Accounts payable 759 905
Accrued expenses 77 35
Accrued salaries and payroll related expenses 1,306 1,765
Deferred revenue, current 260 279
Deferred rent 13 20
TOTAL CURRENT LIABILITIES 2,415 3,004
LONG-TERM LIABILITIES    
Deferred revenue 30 46
Deferred income taxes 0 16
TOTAL LIABILITIES 2,445 3,066
Commitments and contingencies (Note 8) 0 0
STOCKHOLDERS’ EQUITY    
Common stock, $0.001 par value, 47,000,000 authorized and 12,468,647 outstanding as of December 31, 2016, and 14,451,085 outstanding as of March 31, 2017 14 12
Preferred stock, $0.001 par value, 3,000,000 authorized and none outstanding as of December 31, 2016 and March 31, 2017 0 0
Additional paid-in capital 64,944 56,331
Accumulated other comprehensive loss (33) (51)
Accumulated deficit (51,053) (46,159)
TOTAL STOCKHOLDERS’ EQUITY 13,872 10,133
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 16,317 $ 13,199