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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 553 $ 1,158
Accounts and note receivable, net of allowance for doubtful accounts of $141 and $145 at March 31, 2016 and December 31, 2015, respectively 4,472 4,671
Inventory 634 784
Prepaid expenses and other current assets 928 1,072
Total current assets before funds held for clients 6,587 7,685
Funds held for clients 28,608 0
Total current assets 35,195 7,685
Property and equipment, net 2,242 2,212
Goodwill 26,556 17,436
Intangible assets, net 14,242 6,026
Other assets 474 458
Total assets 78,709 33,817
Current liabilities:    
Current portion of notes payable, net of debt issuance cost 4,696 909
Accounts payable 1,936 2,670
Accrued compensation and benefits 854 715
Other accrued liabilities 1,816 1,181
Deferred revenue 10,523 10,803
Total current liabilities before client fund obligations 19,825 16,278
Client fund obligations 28,608 0
Total current liabilities 48,433 16,278
Long-term liabilities:    
Deferred revenue 939 947
Notes payable, net of debt issuance cost 26,691 12,384
Other liabilities 407 490
Total long-term liabilities 28,037 13,821
Total liabilities 76,470 30,099
Stockholders’ equity:    
Preferred stock, $.01 par value; 1,500 shares authorized; none issued or outstanding 0 0
Common stock, $.01 par value; 11,000 shares authorized; 6,676 and 6,674 shares issued, 6,292 and 6,290 shares outstanding at March 31, 2016 and December 31, 2015, respectively 67 67
Treasury stock at cost, 384 shares at March 31, 2016 and December 31, 2015 (5,017) (5,017)
Additional paid-in capital 279,689 279,649
Accumulated deficit (272,457) (270,903)
Accumulated other comprehensive loss (43) (78)
Total stockholders’ equity 2,239 3,718
Total liabilities and stockholders’ equity $ 78,709 $ 33,817