XML 11 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 5,364 $ 3,550
Restricted cash, current 632 0
Contract receivables, net 9,535 11,257
Prepaid expenses and other current assets 2,512 5,262
Total current assets 18,043 20,069
Equipment, software and leasehold improvements, net 829 839
Software development costs, net 571 532
Goodwill 13,339 13,339
Intangible assets, net 2,529 3,020
Restricted cash - long term 951 0
Operating lease right-of-use assets, net 880 1,200
Other assets 51 52
Total assets 37,193 39,051
Current liabilities:    
Line of credit 0 1,817
Current portion of long-term note 1,895 0
Accounts payable 1,156 1,179
Accrued expenses 1,471 1,358
Accrued compensation 1,715 1,452
Billings in excess of revenue earned 4,410 5,029
Accrued warranty 507 667
Income taxes payable 1,701 1,654
Derivative liabilities 916 0
Other current liabilities 1,512 1,883
Total current liabilities 15,283 15,039
Long-term note, less current portion 2,243 0
Operating lease liabilities noncurrent 214 790
Other noncurrent liabilities 348 179
Total liabilities 18,088 16,008
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, 22,849,972 and 22,533,005 shares issued, 21,251,061 and 20,934,094 shares outstanding, respectively 228 225
Additional paid-in capital 81,324 80,505
Accumulated deficit (59,419) (54,584)
Accumulated other comprehensive income (loss) (29) (104)
Treasury stock at cost, 1,598,911 shares (2,999) (2,999)
Total stockholders' equity 19,105 23,043
Total liabilities and stockholders' equity $ 37,193 $ 39,051