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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 16,629 $ 10,089
Accounts receivable, net of allowance for doubtful accounts of $1,852 and $790 at December 31, 2017 and 2016, respectively 37,928 30,958
Prepaid expenses and other current assets 2,424 2,053
Total current assets 56,981 43,100
Property and equipment, net 1,778 1,350
Intangible assets, net 89,707 98,531
Goodwill 166,256 166,256
Other non-current assets 2,277 2,674
Total assets 316,999 311,911
Current liabilities:    
Trade accounts payable 11,585 14,725
Accrued expenses and other current liabilities 18,146 6,981
Deferred revenue 298 318
Current portion of long-term debt 2,750 4,135
Total current liabilities 32,779 26,159
Promissory notes payable to certain shareholders, net 10,837 10,748
Long-term debt, net 49,376 35,130
Acquisition consideration payable in stock   10,225
Total liabilities 92,992 82,262
Shareholders' equity:    
Preferred stock—$0.0001 par value, 10,000,000 shares authorized; 0 share issued and outstanding at December 31, 2017 and 2016
Common stock—$0.0005 par value, 200,000,000 shares authorized; 61,631,573 and 53,717,996 shares issued at December 31, 2017 and 2016, respectively; and 61,279,050 and 53,557,761 shares outstanding at December 31, 2017 and 2016, respectively 31 27
Treasury stock, at cost, 352,523 and 160,235 shares at December 31, 2017 and 2016, respectively (1,274) (531)
Additional paid-in capital 392,687 344,384
Accumulated deficit (167,437) (114,231)
Total shareholders’ equity 224,007 229,649
Total liabilities and shareholders’ equity $ 316,999 $ 311,911