XML 44 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2013
Dec. 31, 2012
Current Assets:    
Cash and cash equivalents $ 5,455,000 $ 2,721,000
Accounts receivable, net of allowances of $184 and $226, respectively 641,000 610,000
Prepaid expenses and other current assets 1,822,000 898,000
Total current assets 7,918,000 4,229,000
Broadcast equipment and fixed assets, net 3,237,000 3,783,000
Software development costs, net of accumulated amortization of $2,371 and $1,774, respectively 2,317,000 1,980,000
Deferred costs 562,000 600,000
Goodwill (Note 3) 1,179,000 1,265,000
Intangible assets, net 160,000 579,000
Other assets 84,000 220,000
Total assets 15,457,000 12,656,000
Current Liabilities:    
Accounts payable 553,000 549,000
Accrued compensation 647,000 598,000
Accrued expenses 660,000 538,000
Sales taxes payable 181,000 197,000
Income taxes payable 81,000 79,000
Notes payable - current portion 631,000 41,000
Obligations under capital lease - current portion 25,000 100,000
Deferred revenue 593,000 919,000
Other current liabilities 237,000 367,000
Total current liabilities 3,608,000 3,388,000
Notes payable, excluding current portion 962,000 29,000
Obligations under capital leases, excluding current portion 58,000 67,000
Deferred revenue, excluding current portion 798,000 188,000
Deferred rent 829,000 949,000
Other liabilities 0 141,000
Total liabilities 6,255,000 4,762,000
Commitments and contingencies      
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 December 31, 2013 and December 31, 2012 1,000 1,000
Common stock, $.005 par value, 168,000 and 84,000 shares authorized on December 31, 2013 and December 31, 2012, respectively; 78,649 and 71,123 shares issued and outstanding at December 31, 2013 and December 31, 2012, respectively 393,000 355,000
Treasury stock, at cost, 503 shares at December 31, 2013 and December 31, 2012, respectively (456,000) (456,000)
Additional paid-in capital 121,432,000 118,956,000
Accumulated deficit (112,799,000) (111,730,000)
Accumulated other comprehensive income (Note 9) 631,000 768,000
Total shareholders' equity 9,202,000 7,894,000
Total shareholders' equity and liabilities $ 15,457,000 $ 12,656,000