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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 68,947 $ 58,122
Accounts receivable, net 19,048 13,881
Prepaid expenses and other current assets 4,840 3,008
Total current assets 92,835 75,011
Property and equipment, net 19,888 14,688
Intangible assets, net 1,073 1,539
Goodwill 11,798 11,798
Other assets 2,602 2,203
Total assets 128,196 105,239
Current liabilities:    
Accounts payable 4,292 3,366
Accrued and other current liabilities 11,787 9,604
Accrued federal fees 1,151 2,742
Sales tax liability 1,326 1,347
Notes payable 336 742
Capital leases 6,651 6,230
Deferred revenue 13,975 10,047
Total current liabilities 39,518 34,078
Revolving line of credit 32,594 32,594
Sales tax liability — less current portion 1,044 1,476
Notes payable — less current portion 0 318
Capital leases — less current portion 7,161 5,915
Other long-term liabilities 1,041 530
Total liabilities 81,358 74,911
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, 2017 and 2016 0 0
Common stock, $0.001 par value; 450,000 shares authorized, 56,632 shares and 53,363 shares issued and outstanding as of December 31, 2017 and 2016, respectively 57 53
Additional paid-in capital 222,202 196,555
Accumulated deficit (175,421) (166,280)
Total stockholders’ equity 46,838 30,328
Total liabilities and stockholders’ equity $ 128,196 $ 105,239