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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 11,346 $ 12,123
Contract receivables, net 18,636 21,077
Prepaid expenses and other current assets 1,953 1,800
Total current assets 31,935 35,000
Equipment, software, and leasehold improvements 5,516 5,293
Accumulated depreciation (4,320) (4,228)
Equipment, software, and leasehold improvements, net 1,196 1,065
Software development costs, net 596 615
Goodwill 16,709 13,170
Intangible assets, net 8,999 6,080
Deferred tax assets 7,589 5,461
Operating lease - right of use assets, net 4,331 0
Other assets 69 49
Total assets 71,424 61,440
Current liabilities:    
Current portion of long-term debt, net of debt issuance costs and original issue discount 4,763 1,902
Accounts payable 1,573 1,307
Accrued expenses 1,577 2,646
Accrued compensation 2,702 3,649
Billings in excess of revenue earned 7,511 10,609
Accrued warranty 1,123 981
Income taxes payable 1,382 1,176
Other current liabilities 1,148 60
Total current liabilities 21,779 22,330
Long-term debt, less current portion, net of debt issuance costs and original issue discount 17,341 6,610
Operating lease liabilities 3,703 0
Other liabilities 1,333 1,371
Total liabilities 44,156 30,311
Commitments and contingencies
Stockholders' equity:    
Preferred stock $0.01 par value, 2,000,000 shares authorized, no shares issued and outstanding 0 0
Common stock $0.01 par value; 60,000,000 shares authorized, 21,595,215 shares issued, 19,996,304 shares outstanding as of March 31, 2019; 60,000,000 shares authorized, 21,485,445 shares issued, 19,886,534 shares outstanding as of December 31, 2018 216 214
Additional paid-in capital 78,578 78,118
Accumulated deficit (46,805) (42,569)
Accumulated other comprehensive loss (1,722) (1,635)
Treasury stock at cost, 1,598,911 shares on March 31, 2019 and December 31, 2018 (2,999) (2,999)
Total stockholders' equity 27,268 31,129
Total liabilities and stockholders' equity $ 71,424 $ 61,440