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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2012
Dec. 31, 2011
Current Assets:    
Cash and cash equivalents $ 2,549,000 $ 1,374,000
Restricted cash    50,000
Accounts receivable, net of allowances of $234 and $180, respectively 640,000 750,000
Prepaid expenses and other current assets 565,000 624,000
Total current assets 3,754,000 2,798,000
Broadcast equipment and fixed assets, net 4,219,000 4,255,000
Software development costs, net of accumulated amortization of $1,839 and $1,584, respectively 1,606,000 1,320,000
Deferred costs 745,000 1,132,000
Goodwill (Note 4) 1,230,000 1,236,000
Intangible assets, net (Note 4) 658,000 845,000
Other assets 59,000 61,000
Total assets 12,271,000 11,647,000
Current Liabilities:    
Accounts payable and accrued expenses 1,086,000 1,329,000
Accrued compensation 922,000 757,000
Sales taxes payable 670,000 764,000
Income taxes payable 88,000 77,000
Obligations under capital lease - current portion 215,000 286,000
Deferred revenue 564,000 463,000
Other current liabilities 110,000 192,000
Total current liabilities 3,655,000 3,868,000
Obligations under capital leases, excluding current portion 62,000 164,000
Deferred revenue, excluding current portion 198,000 186,000
Deferred rent 967,000 756,000
Other liabilities 279,000 323,000
Total liabilities 5,161,000 5,297,000
Shareholders' Equity:    
Series A 10% cumulative convertible preferred stock, $.005 par value, $156 liquidation preference, 5,000 shares authorized; 156  and 161 shares issued and outstanding at June 30, 2012 and December 31, 2011, respectively 1,000 1,000
Common stock, $.005 par value, 84,000 shares authorized; 71,045 and 60,927 shares issued and outstanding at June 30, 2012 and December 31, 2011, respectively 355,000 305,000
Treasury stock, at cost, 503 shares at June 30, 2012 and December 31, 2011, respectively (456,000) (456,000)
Additional paid-in capital 118,902,000 116,497,000
Accumulated deficit (112,405,000) (110,719,000)
Accumulated other comprehensive income (Note 12) 713,000 722,000
Total shareholders' equity 7,110,000 6,350,000
Total shareholders' equity and liabilities $ 12,271,000 $ 11,647,000