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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2014
Dec. 31, 2013
Current Assets:    
Cash and cash equivalents $ 9,840,000 $ 5,455,000
Accounts receivable, net of allowances of $479 (unaudited) and $184, respectively 840,000 641,000
Prepaid expenses and other current assets 4,651,000 1,822,000
Total current assets 15,331,000 7,918,000
Broadcast equipment and fixed assets, net 3,334,000 3,237,000
Software development costs, net of accumulated amortization of $3,068 (unaudited) and $2,371, respectively 1,546,000 2,317,000
Deferred costs 984,000 562,000
Goodwill (Note 3) 1,130,000 1,179,000
Intangible assets, net (Note 3) 154,000 160,000
Other assets 86,000 84,000
Total assets 22,565,000 15,457,000
Current Liabilities:    
Accounts payable 572,000 553,000
Accrued compensation 966,000 647,000
Accrued expenses 731,000 660,000
Sales taxes payable 151,000 181,000
Income taxes payable 76,000 81,000
Notes payable - current portion (Note 7) 1,819,000 631,000
Obligations under capital lease - current portion 27,000 25,000
Deferred revenue 1,621,000 593,000
Other current liabilities 120,000 237,000
Total current liabilities 6,083,000 3,608,000
Notes payable, excluding current portion 2,644,000 962,000
Obligations under capital leases, excluding current portion 37,000 58,000
Deferred revenue, excluding current portion 463,000 798,000
Deferred rent 729,000 829,000
Total liabilities 9,956,000 6,255,000
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 September 30, 2014 and December 31, 2013. 1,000 1,000
Common stock, $.005 par value, 168,000 shares authorized; 92,294 and 78,649 shares issued and outstanding at September 30, 2014 and December 31, 2013, respectively. 461,000 393,000
Treasury stock, at cost, 503 shares at September 30, 2014 and December 31, 2013. (456,000) (456,000)
Additional paid-in capital 128,169,000 121,432,000
Accumulated deficit (116,119,000) (112,799,000)
Accumulated other comprehensive income (Note 9) 553,000 631,000
Total shareholders' equity 12,609,000 9,202,000
Total liabilities and shareholders' equity $ 22,565,000 $ 15,457,000