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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
CURRENT ASSETS    
Cash and cash equivalents $ 1,361 $ 573
Accounts receivable, net of allowance for doubtful accounts of $0 and $490, respectively 884 3,463
Unbilled receivables 81 359
Work-in-process and inventories 82 739
Prepaid expenses 348 355
Total current assets 2,756 5,489
Property and equipment, net 892 746
Intangibles, net 4,831 4,834
Goodwill 14,354 10,572
Other assets 203 235
TOTAL ASSETS 23,036 $ 21,876
CURRENT LIABILITIES    
Short-term notes payable 150
Accounts payable 3,601 $ 3,554
Accrued expenses 2,318 1,103
Deferred revenues 1,213 1,977
Total current liabilities 7,282 $ 6,634
Loans payable, net of $909 discount 2,280
Warrant liability 1,649 $ 1,910
Deferred tax liabilities $ 358
Dividend payable $ 112
Other liabilities $ 96 434
TOTAL LIABILITIES $ 11,665 $ 9,090
COMMITMENTS AND CONTINGENCIES
Convertible preferred stock, net of discount (liquidation preference of $5,495 and $5,302, respectively) $ 3,769 $ 1,532
SHAREHOLDERS' EQUITY    
Common stock, $.01 per value, 200,000 shares authorized; 64,224 and 46,218 shares issued and outstanding, respectively 642 462
Additional paid-in capital 21,574 17,439
Accumulated deficit (14,614) (6,647)
Total shareholders' equity 7,602 11,254
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 23,036 $ 21,876