Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.19.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 9,515,000 $ 10,159,000
Restricted cash 307,000 307,000
Investments - short term 394,000
Accounts receivable, net of allowance for doubtful accounts of $67,000 and $117,000 in 2018 and 2019, respectively 13,295,000 9,247,000
Financing receivables - current, net of allowance for doubtful accounts of $-0- in 2018 and 2019 995,000 1,036,000
Inventory, net 5,058,000 4,649,000
Deferred costs - current 3,829,000 3,660,000
Prepaid expenses and other current assets 3,224,000 3,208,000
Total current assets 36,223,000 32,660,000
Investments - long term 4,131,000
Financing receivables - less current portion 1,138,000 1,254,000
Deferred costs - less current portion 6,074,000 5,409,000
Fixed assets, net 2,194,000 2,149,000
Goodwill 8,896,000 7,318,000
Intangible assets, net 5,312,000 4,705,000
Right of use asset 2,188,000
Other assets 504,000 177,000
Total assets 62,529,000 57,803,000
Current liabilities:    
Accounts payable and accrued expenses 9,680,000 8,027,000
Deferred revenue - current 9,856,000 7,902,000
Acquisition related contingent consideration payable 966,000 946,000
Lease liability - current 819,000
Total current liabilities 21,321,000 16,875,000
Deferred revenue - less current portion 9,934,000 9,186,000
Lease liability - less current portion 1,542,000
Deferred rent 208,000
Total liabilities 32,797,000 26,269,000
Commitments and Contingencies (Note 21)
STOCKHOLDERS' EQUITY    
Preferred stock; authorized 5,000,000 shares, $0.01 par value; none issued
Common stock; authorized 50,000,000 shares, $0.01 par value; 19,178,000 and 19,259,000 shares issued at December 31, 2018 and March 31, 2019, respectively; shares outstanding, 18,166,000 and 18,214,000 at December 31, 2018 and March 31, 2019, respectively 193,000 192,000
Additional paid-in capital 139,275,000 138,693,000
Accumulated deficit (103,374,000) (101,180,000)
Accumulated other comprehensive loss (400,000) (435,000)
Treasury stock; 1,012,000 and 1,045,000 common shares at cost at December 31, 2018 and March 31, 2019, respectively (5,962,000) (5,736,000)
Total stockholders' equity 29,732,000 31,534,000
Total liabilities and stockholders' equity $ 62,529,000 $ 57,803,000