Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Current Period Unaudited)

v3.5.0.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2016
Dec. 31, 2015
ASSETS    
Cash and cash equivalents $ 1,693,000 $ 8,310,000
Short-term investments 106,000
Accounts receivable, net 2,753,000 2,806,000
Other current assets 2,087,000 2,569,000
Current assets from discontinued operations 150,000 5,374,000
Total current assets 6,683,000 19,165,000
Property and equipment, net 1,060,000 1,460,000
Other intangible assets, net 37,220,000 43,492,000
Other long-term assets 1,001,000 3,255,000
Long-term assets from discontinued operations 340,000
Total assets 45,964,000 67,712,000
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)    
Accounts payable 1,365,000 1,560,000
Accrued salary and bonus 3,089,000 2,424,000
Other accrued expenses 6,905,000 5,961,000
Current portion of long-term debt, net of debt discount 3,756,000 1,164,000
Current liabilities from discontinued operations 4,755,000 12,264,000
Total current liabilities 19,870,000 23,373,000
Contingent consideration 17,691,000 17,890,000
Long-term debt, net of debt discount 5,267,000 7,233,000
Other long-term liabilities 4,615,000 6,178,000
Total liabilities 47,443,000 54,674,000
Commitments and contingencies (Note 6)
Stockholders’ equity:    
Preferred stock, $.01 par value; 5,000,000 shares authorized, no shares issued and outstanding 0 0
Common stock, $.01 par value; 100,000,000 shares authorized; 18,705,214 shares issued; 18,162,671 and 17,662,671 shares outstanding, respectively 187,000 187,000
Additional paid-in capital 125,842,000 132,522,000
Accumulated deficit (125,865,000) (111,252,000)
Accumulated other comprehensive income 13,000
Treasury stock, at cost (542,543 and 1,042,543 shares, respectively) (1,643,000) (8,432,000)
Total stockholders' (deficit) equity (1,479,000) 13,038,000
Total liabilities and stockholders' (deficit) equity $ 45,964,000 $ 67,712,000