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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 20,711 $ 16,141
Receivables:    
Trade 28,839 32,046
Barter 159 288
Total Receivables 28,998 32,334
Less allowance for doubtful accounts 1,481 1,529
Net receivables 27,517 30,805
Prepaid expenses and other current assets 9,714 8,055
Total current assets 57,942 55,001
Property and equipment, net of accumulated depreciation of $63,309 in 2018 and $61,502 in 2017 22,497 23,464
FCC broadcasting licenses 321,714 322,197
Goodwill 32,806 32,806
Other intangible assets, net of accumulated amortization of $1,260 in 2018 and $1,212 in 2017 1,288 1,336
Assets held for sale 409 409
Other assets 732 691
Total assets 437,388 435,904
Current liabilities:    
Accounts payable and accrued expenses 20,850 18,763
Accrued interest 1,797 1,797
Unearned revenue 758 715
Other liabilities 11 11
12.5% senior secured notes (note 9) 260,274 260,274
10 3/4% Series B cumulative exchangeable redeemable preferred stock outstanding and dividends outstanding, $0.01 par value, liquidation value $1,000 per share. Authorized 280,000 shares: 90,549 shares issued and outstanding at june 30, 2018 and December 31, 2017 and $79899 and $75032 of dividends payable as of june 30, 2018 and December 31, 2017, respectively. 170,448 165,581
Total current liabilities 454,138 447,141
Other liabilities, less current portion 3,518 3,406
Deferred tax liabilities 80,980 81,271
Total liabilities 538,636 531,818
Commitments and contingencies (note 6)
Stockholders’ deficit:    
Additional paid-in capital 526,180 526,147
Accumulated deficit (627,432) (622,065)
Total stockholders’ deficit (101,248) (95,914)
Total liabilities and stockholders’ deficit 437,388 435,904
Series C convertible preferred stock    
Stockholders’ deficit:    
Series C convertible preferred stock, $0.01 par value and liquidation value. Authorized 600,000 shares; 380,000 shares issued and outstanding at june 30, 2018 and December 31, 2017, respectively $ 4 $ 4