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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 283 $ 1,158
Accounts and note receivable, net of allowance for doubtful accounts of $113 and $145 at June 30, 2016 and December 31, 2015, respectively 6,180 4,671
Inventory 516 784
Prepaid expenses and other current assets 1,422 1,072
Total current assets before funds held for clients 8,401 7,685
Funds held for clients 24,525 0
Total current assets 32,926 7,685
Property and equipment, net 2,003 2,212
Goodwill 26,265 17,436
Intangible assets, net 13,510 6,026
Other assets 100 458
Total assets 74,804 33,817
Current liabilities:    
Current portion of notes payable, net of debt issuance cost 4,901 909
Accounts payable 2,418 2,670
Accrued compensation and benefits 1,099 715
Other accrued liabilities 1,489 1,181
Deferred revenue 9,341 10,803
Total current liabilities before client fund obligations 19,248 16,278
Client fund obligations 24,525 0
Total current liabilities 43,773 16,278
Long-term liabilities:    
Deferred revenue 1,545 947
Notes payable, net of debt issuance cost 26,074 12,384
Other liabilities 363 490
Total long-term liabilities 27,982 13,821
Total liabilities 71,755 30,099
Stockholders’ equity:    
Preferred stock, $.01 par value; 1,500 shares authorized; none issued or outstanding 0 0
Common stock, $.01 par value; 11,000 shares authorized; 6,901 and 6,674 shares issued, 6,517 and 6,290 shares outstanding at June 30, 2016 and December 31, 2015, respectively 69 67
Treasury stock at cost, 384 shares at June 30, 2016 and December 31, 2015 (5,017) (5,017)
Additional paid-in capital 280,280 279,649
Accumulated deficit (272,321) (270,903)
Accumulated other comprehensive income (loss) 38 (78)
Total stockholders’ equity 3,049 3,718
Total liabilities and stockholders’ equity $ 74,804 $ 33,817