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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 58,122 $ 58,484
Accounts receivable, net 13,881 10,567
Prepaid expenses and other current assets 3,008 2,184
Total current assets 75,011 71,235
Property and equipment, net 14,688 13,225
Intangible assets, net 1,539 2,041
Goodwill 11,798 11,798
Other assets 2,203 934
Total assets 105,239 99,233
Current liabilities:    
Accounts payable 3,366 2,569
Accrued and other current liabilities 9,604 7,911
Accrued federal fees 2,742 5,684
Sales tax liability 1,347 1,262
Revolving line of credit 0 12,500
Notes payable 742 7,212
Capital leases 6,230 4,972
Deferred revenue 10,047 6,413
Total current liabilities 34,078 48,523
Revolving line of credit — less current portion 32,594 0
Sales tax liability — less current portion 1,476 1,915
Notes payable — less current portion 318 17,327
Capital leases — less current portion 5,915 4,606
Other long-term liabilities 530 582
Total liabilities 74,911 72,953
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Preferred stock, $0.001 par value; 5,000 shares authorized, no shares issued and outstanding as of December 31, 2016 and 2015 0 0
Common stock, $0.001 par value; 450,000 shares authorized, 53,363 shares and 51,165 shares issued and outstanding as of December 31, 2016 and 2015, respectively 53 51
Additional paid-in capital 196,555 180,649
Accumulated deficit (166,280) (154,420)
Total stockholders’ equity 30,328 26,280
Total liabilities and stockholders’ equity $ 105,239 $ 99,233