XML 57 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Current Assets:    
Cash and cash equivalents $ 1,973 $ 2,721
Accounts receivable, net of allowances of $139 and $226, respectively 478 610
Prepaid expenses and other current assets 1,135 898
Total current assets 3,586 4,229
Broadcast equipment and fixed assets, net 3,305 3,783
Software development costs, net of accumulated amortization of $1,979 and $1,774, respectively 2,171 1,980
Deferred costs 448 600
Goodwill (Note 3) 1,197 1,265
Intangible assets, net (Note 3) 363 579
Other assets 307 220
Total assets 11,377 12,656
Current Liabilities:    
Accounts payable and accrued expenses 896 1,087
Accrued compensation 616 598
Sales taxes payable 145 197
Income taxes payable 65 79
Obligations under capital lease - current portion 34 100
Deferred revenue 546 919
Other current liabilities 340 408
Total current liabilities 2,642 3,388
Obligations under capital leases, excluding current portion 54 67
Deferred revenue, excluding current portion 189 188
Deferred rent 893 949
Other liabilities 233 170
Total liabilities 4,011 4,762
Commitments and contingencies (Note 8)     
Shareholders' Equity:    
Series A 10% cumulative convertible preferred stock, $.005 par value, $156 liquidation preference, 5,000 shares authorized; 156 shares issued and outstanding at June 30, 2013 and December 31, 2012 1 1
Common stock, $.005 par value, 168,000 and 84,000 shares authorized on June 30, 2013and December 31, 2012, respectively (Note 14); 71,604 and 71,123 shares issued and outstanding at June 30, 2013 and December 31, 2012, respectively 358 355
Treasury stock, at cost, 503 shares at June 30, 2013 and December 31, 2012 (456) (456)
Additional paid-in capital 119,007 118,956
Accumulated deficit (112,206) (111,730)
Accumulated other comprehensive income (Note 9) 662 768
Total shareholders' equity 7,366 7,894
Total shareholders' equity and liabilities $ 11,377 $ 12,656