v3.4.0.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 57,767 $ 58,484
Accounts receivable, net 12,528 10,567
Prepaid expenses and other current assets 3,899 2,184
Total current assets 74,194 71,235
Property and equipment, net 12,795 13,225
Intangible assets, net 1,913 2,041
Goodwill 11,798 11,798
Other assets 964 934
Total assets 101,664 99,233
Current liabilities:    
Accounts payable 3,376 2,569
Accrued and other current liabilities 9,747 7,911
Accrued federal fees 5,885 5,684
Sales tax liability 1,167 1,262
Revolving line of credit 12,500 12,500
Notes payable 7,375 7,212
Capital leases 5,185 4,972
Deferred revenue 7,832 6,413
Total current liabilities 53,067 48,523
Sales tax liability — less current portion 1,902 1,915
Notes payable — less current portion 15,644 17,327
Capital leases — less current portion 4,494 4,606
Other long-term liabilities 798 582
Total liabilities $ 75,905 $ 72,953
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value; 5,000 shares authorized, no shares issued and outstanding at March 31, 2016 and December 31, 2015 $ 0 $ 0
Common stock, $0.001 par value; 450,000 shares authorized, 51,791 shares and 51,165 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively 52 51
Additional paid-in capital 185,038 180,649
Accumulated deficit (159,331) (154,420)
Total stockholders’ equity 25,759 26,280
Total liabilities and stockholders’ equity $ 101,664 $ 99,233