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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 289 $ 1,158
Accounts and note receivable, net of allowance for doubtful accounts of $136 and $145 at September 30, 2016 and December 31, 2015, respectively 6,599 4,671
Inventory 616 784
Prepaid expenses and other current assets 1,441 1,072
Total current assets before funds held for clients 8,945 7,685
Funds held for clients 12,264 0
Total current assets 21,209 7,685
Property and equipment, net 1,764 2,212
Goodwill 26,263 17,436
Intangible assets, net 12,779 6,026
Other assets 42 458
Total assets 62,057 33,817
Current liabilities:    
Current portion of notes payable, net of debt issuance cost 5,099 909
Accounts payable 2,542 2,670
Accrued compensation and benefits 1,180 715
Other accrued liabilities 1,960 1,181
Deferred revenue 8,905 10,803
Total current liabilities before client fund obligations 19,686 16,278
Client fund obligations 12,264 0
Total current liabilities 31,950 16,278
Long-term liabilities:    
Deferred revenue 844 947
Notes payable, net of debt issuance cost 25,464 12,384
Other liabilities 315 490
Total long-term liabilities 26,623 13,821
Total liabilities 58,573 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; 6,916 and 6,674 shares issued, 6,532 and 6,290 shares outstanding at September 30, 2016 and December 31, 2015, respectively 69 67
Treasury stock at cost, 384 shares at September 30, 2016 and December 31, 2015 (5,017) (5,017)
Additional paid-in capital 280,374 279,649
Accumulated deficit (272,006) (270,903)
Accumulated other comprehensive income (loss) 64 (78)
Total stockholders’ equity 3,484 3,718
Total liabilities and stockholders’ equity $ 62,057 $ 33,817