Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 8,450,000 $ 4,972,000
Restricted cash 305,000 305,000
Investments - short term 20,000 115,000
Accounts receivable, net of allowance for doubtful accounts of $341,000 and $165,000 in 2016 and 2017, respectively 8,123,000 9,585,000
Financing receivables - current, net of allowance for doubtful accounts of $-0- in 2016 and 2017 1,634,000 1,766,000
Inventory, net 2,584,000 3,920,000
Deferred costs - current 4,516,000 3,750,000
Prepaid expenses and other current assets 4,048,000 3,495,000
Total current assets 29,680,000 27,908,000
Investments - long term 1,539,000 1,499,000
Financing receivables - less current portion 1,896,000 2,430,000
Deferred costs - less current portion 5,070,000 6,638,000
Fixed assets, net 2,936,000 3,075,000
Goodwill 1,837,000 1,837,000
Intangible assets, net 639,000 706,000
Other assets 159,000 153,000
Total assets 43,756,000 44,246,000
Current liabilities:    
Short-term borrowings 2,993,000
Accounts payable and accrued expenses 8,539,000 7,622,000
Deferred revenue - current 10,999,000 7,197,000
Total current liabilities 19,538,000 17,812,000
Deferred rent 335,000 366,000
Deferred revenue - less current portion 8,291,000 10,066,000
Total liabilities 28,164,000 28,244,000
Commitments and Contingencies (Note 20)
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; 14,578,000 and 14,930,000 shares issued at December 31, 2016 and June 30, 2017, respectively; shares outstanding, 13,767,000 and 14,075,000 at December 31, 2016 and June 30, 2017, respectively 132,000 129,000
Additional paid-in capital 114,352,000 111,844,000
Accumulated deficit (93,908,000) (91,498,000)
Accumulated other comprehensive loss (357,000) (103,000)
Treasury stock; 811,000 and 855,000 common shares at cost at December 31, 2016 and June 30, 2017, respectively (4,627,000) (4,370,000)
Total stockholders' equity 15,592,000 16,002,000
Total liabilities and stockholders' equity $ 43,756,000 $ 44,246,000