XML 19 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
CURRENT ASSETS    
Cash and cash equivalents $ 742 $ 1,003
Accounts receivable, net of allowance of $59 and $40, respectively 5,058 5,912
Unbilled receivables 316 77
Work-in-process and inventories 770 851
Prepaid expenses and other current assets 1,315 1,030
Total current assets 8,201 8,873
Property and equipment, net 1,189 1,136
Intangibles, net 643 875
Goodwill 14,989 14,989
Other assets 149 172
TOTAL ASSETS 25,171 26,045
CURRENT LIABILITIES    
Short-term related party loans payable, net of $212 and $0 discount, respectively 788
Accounts payable 1,528 2,017
Accrued expenses 2,916 2,689
Deferred revenues 6,607 6,721
Customer deposits 1,276 1,247
Lease termination liability 474
Total current liabilities 13,589 12,674
Long-term related party loans payable, net of $1,625 and $1,916 discount, respectively 5,778 5,465
Warrant liability 661 858
Deferred tax liabilities 589 549
Other long-term liabilities 184 220
TOTAL LIABILITIES 20,801 19,766
COMMITMENTS AND CONTINGENCIES
Convertible preferred stock, net of discount (liquidation preference of $5,692) 1,927 1,927
SHAREHOLDERS' EQUITY    
Common stock, $.01 par value, 200,000 shares authorized; 82,582 shares issued and outstanding 826 826
Additional paid-in capital 30,086 29,757
Accumulated deficit (28,469) (26,231)
Total shareholders' equity 2,443 4,352
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 25,171 $ 26,045