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CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 7,660 $ 11,691
Contract receivables, net 11,143 17,207
Prepaid expenses and other current assets 1,717 1,880
Total current assets 20,520 30,778
Equipment, software and leasehold improvements, net of accumulated depreciation of ($4,659) and ($4,584) 683 939
Software development costs, net 642 641
Goodwill 13,339 13,339
Intangible assets, net 4,649 10,479
Deferred tax assets, net 0 57
Right-of-use assets, net 1,726 2,215
Other assets 58 61
Total assets 41,617 58,509
Current liabilities:    
Line of credit 3,506 0
PPP Loan, current 447 0
Debt, net of issuance costs and discount 0 18,481
Accounts payable 482 1,097
Accrued expenses 983 1,871
Accrued compensation 2,240 1,876
Billings-in-excess of revenue earned 6,362 7,613
Accrued warranty 843 921
Income taxes payable 1,830 1,341
Other current liabilities 1,442 1,234
Total current liabilities 18,135 34,434
PPP Loan, noncurrent 9,597 0
Operating lease liabilities noncurrent 2,100 3,000
Other noncurrent liabilities 350 956
Total liabilities 30,182 38,390
Commitments and contingencies (Note 16)
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, 22,220,324 shares issued, 20,621,413 shares outstanding as of September 30, 2020; 21,838,963 shares issued, 20,240,052 shares outstanding as of December 31, 2019 222 218
Additional paid-in capital 79,676 79,400
Accumulated deficit (63,722) (54,654)
Accumulated other comprehensive loss (1,742) (1,846)
Treasury stock at cost, 1,598,911 shares at June 30, 2020 and December 31, 2019 (2,999) (2,999)
Total stockholders' equity 11,435 20,119
Total liabilities and stockholders' equity $ 41,617 $ 58,509