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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 8,606 $ 12,123
Contract receivables, net 16,566 21,077
Prepaid expenses and other current assets 1,836 1,800
Total current assets 27,008 35,000
Equipment, software, and leasehold improvements 5,627 5,293
Accumulated depreciation (4,525) (4,228)
Equipment, software, and leasehold improvements, net 1,102 1,065
Software development costs, net 648 615
Goodwill 16,709 13,170
Intangible assets, net 7,960 6,080
Deferred tax assets 6,635 5,461
Operating lease - right of use assets, net 3,720 0
Other assets 77 49
Total assets 63,859 61,440
Current liabilities:    
Current portion of long-term debt, net of debt issuance costs and original issue discount 4,778 1,902
Accounts payable 1,174 1,307
Accrued expenses 1,820 2,646
Accrued compensation 2,904 3,649
Billings in excess of revenue earned 3,870 10,609
Accrued warranty 1,185 981
Income taxes payable 1,368 1,176
Other current liabilities 1,078 60
Total current liabilities 18,177 22,330
Long-term debt, less current portion, net of debt issuance costs and original issue discount 14,968 6,610
Operating lease liabilities 3,121 0
Other liabilities 1,070 1,371
Total liabilities 37,336 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, 21,788,525 shares issued, 20,189,614 shares outstanding as of September 30, 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 79,138 78,118
Accumulated deficit (48,050) (42,569)
Accumulated other comprehensive loss (1,784) (1,635)
Treasury stock at cost, 1,598,911 shares on September 30, 2019 and December 31, 2018 (2,999) (2,999)
Total stockholders' equity 26,523 31,129
Total liabilities and stockholders' equity $ 63,859 $ 61,440