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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 30,419 $ 12,767
Accounts and note receivable, net of allowance for doubtful accounts of $495 and $338 at June 30, 2017 and December 31, 2016, respectively 13,050 8,108
Inventory 491 487
Prepaid expenses and other current assets 2,273 1,256
Total current assets before funds held for clients 46,233 22,618
Funds held for clients 28,427 22,981
Total current assets 74,660 45,599
Restricted cash 200 0
Property and equipment, net 3,065 1,878
Goodwill 75,510 26,259
Intangible assets, net 34,576 12,048
Other assets 477 39
Total assets 188,488 85,823
Current liabilities:    
Current portion of notes payable, net of debt issuance cost and debt discount 8,094 5,455
Accounts payable 1,892 1,576
Accrued compensation and benefits 1,929 1,192
Other accrued liabilities 2,051 936
Deferred revenue 11,029 9,252
Total current liabilities before client fund obligations 24,995 18,411
Client fund obligations 28,427 22,981
Total current liabilities 53,422 41,392
Long-term liabilities:    
Deferred revenue 1,408 769
Notes payable, net of current portion of debt issuance cost and debt discount 68,239 24,581
Other liabilities 161 835
Total long-term liabilities 69,808 26,185
Total liabilities 123,230 67,577
Stockholders’ equity:    
Preferred stock, $.01 par value; 1,500 shares authorized; none issued or outstanding 0 0
Common stock, $.01 par value; 22,000 shares authorized; 12,754 and 8,901 shares issued, 12,370 and 8,517 shares outstanding at June 30, 2017 and December 31, 2016, respectively 128 89
Treasury stock at cost, 384 shares at June 30, 2017 and December 31, 2016 (5,017) (5,017)
Additional paid-in capital 344,970 295,044
Accumulated deficit (274,771) (271,875)
Accumulated other comprehensive income (loss) (52) 5
Total stockholders’ equity 65,258 18,246
Total liabilities and stockholders’ equity $ 188,488 $ 85,823