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Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 28,593 $ 13,197
Short term investments 6,520 21,686
Trade accounts receivable 4,587 7,656
Inventory 871 1,193
Prepaid expenses and other current assets 1,162 1,361
Total current assets 41,733 45,093
Property and equipment, net 2,211 2,126
Goodwill 3,700 3,700
Customer relationships, net 2,868 3,110
Intangible assets, net 607 687
Other assets 203 10
Total assets 51,322 54,726
Current liabilities:    
Accounts payable 2,258 3,838
Accrued bonus 845 1,385
Accrued liabilities and other 1,355 1,536
Total current liabilities 4,458 6,759
Deferred tax liability 30 52
Deferred rent obligation under operating lease 55 11
Total liabilities 4,543 6,822
Stockholders’ equity:    
Common stock, par value $0.0001, 200,000 shares authorized; 10,188 shares issued and 9,654 shares outstanding at June 30, 2020; and 10,146 shares issued and 9,681 shares outstanding at December 31, 2019 1 1
Additional paid-in capital 98,035 96,622
Treasury stock, at cost: 534 shares and 465 shares at June 30, 2020, and December 31, 2019, respectively (5,267) (4,659)
Accumulated other comprehensive income 16 8
Accumulated deficit (46,006) (44,068)
Total stockholders’ equity 46,779 47,904
Commitments and contingencies (note 12)
Total liabilities and stockholders’ equity $ 51,322 $ 54,726