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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 11,691 $ 12,123
Contract receivables, net 17,207 21,077
Prepaid expenses and other current assets 1,880 1,800
Total current assets 30,778 35,000
Equipment, software, and leasehold improvements 5,523 5,293
Accumulated depreciation (4,584) (4,228)
Equipment, software, and leasehold improvements, net 939 1,065
Software development costs, net 641 615
Goodwill 13,339 13,170
Intangible assets, net 10,479 6,080
Deferred tax assets 57 5,461
Operating lease - right of use assets, net 2,215 0
Other assets 61 49
Total assets 58,509 61,440
Current liabilities    
Current portion of long-term debt, net of debt issuance costs and original issue discount 18,481 1,902
Accounts payable 1,097 1,307
Accrued expenses 1,871 2,646
Accrued compensation 1,876 3,649
Billings in excess of revenue earned 7,613 10,609
Accrued warranty 921 981
Income taxes payable 1,341 1,176
Other current liabilities 1,234 60
Total current liabilities 34,434 22,330
Long-term debt, less current portion, net of debt issuance costs and original issue discount 0 6,610
Operating lease liabilities 3,000 0
Other liabilities 956 1,371
Total liabilities 38,390 30,311
Commitments and contingencies
Stockholder's 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, 21,838,963 shares issued, 20,240,052 shares outstanding as of December 31, 2019; 60,000,000 shares authorized, 21,485,445 shares issued, 19,886,534 shares outstanding as of December 31, 2018 218 214
Additional paid-in capital 79,400 78,118
Accumulated deficit (54,654) (42,569)
Accumulated other comprehensive loss (1,846) (1,635)
Treasury stock at cost, 1,598,911 shares (2,999) (2,999)
Total stockholders' equity 20,119 31,129
Total liabilities and stockholders' equity $ 58,509 $ 61,440