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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
CURRENT ASSETS    
Cash and cash equivalents $ 494 $ 573
Accounts receivable, net of allowance of $498 and $490, respectively 2,063 3,463
Unbilled receivables 382 359
Work-in-process and inventories 596 739
Prepaid expenses 268 355
Total current assets 3,803 5,489
Property and equipment, net 879 746
Intangibles, net 4,102 4,834
Goodwill 10,572 10,572
Other assets 252 235
TOTAL ASSETS 19,608 21,876
CURRENT LIABILITIES    
Accounts payable 3,272 3,555
Accrued liabilities 1,486 $ 1,102
Current maturities of capital lease obligations 8  
Deferred revenues 2,211 $ 1,977
Dividend payable 274 112
Total current liabilities 7,251 6,746
Warrant liability 1,340 $ 1,910
Long term debt net of discount and debt issuance costs 986  
Other liabilities 422 $ 434
Capital lease obligations, less current maturities 14  
TOTAL LIABILITIES $ 10,013 $ 9,090
COMMITMENTS AND CONTINGENCIES    
Convertible preferred stock, net of discount (liquidation preference of $5,727) $ 1,724 $ 1,532
SHAREHOLDERS' EQUITY    
Common stock, $.01 par value, 200,000 shares authorized; 46,218 and 46,218 shares issued and outstanding 462 462
Additional paid-in capital 18,277 17,439
Accumulated deficit (10,868) (6,647)
Total shareholders' equity 7,871 11,254
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 19,608 $ 21,876