Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 45,639 $ 52,783
Short-term Investments 103 92
Accounts receivable, net 2,422 10,687
Unbilled costs and accrued profits on contracts in progress 7,982 1,955
Other current assets 6,563 6,066
Total current assets 62,709 71,583
Property and equipment, net 2,789 2,396
Goodwill 2,523 2,523
Other long-term assets 1,043 1,945
Total assets 69,064 78,447
Current liabilities:    
Accounts payable 2,350 3,388
Unearned contract revenue 9,379 14,501
Accrued salary and bonus 9,643 6,674
Other accrued expenses 10,028 11,827
Total current liabilities 31,400 36,390
Long-term liabilities 5,185 6,427
Total liabilities 36,585 42,817
Commitments and contingencies (Note 10)      
Stockholders’ equity:    
Preferred stock, $.01 par value; 5,000,000 shares authorized, no shares issued and outstanding 0 0
Common Stock, $.01 par value; 40,000,000 shares authorized; 16,316,169 and 16,063,514 shares issued, respectively; 15,169,898 and 14,965,875 shares outstanding, respectively 163 161
Additional paid-in capital 130,229 128,508
Accumulated deficit (83,823) (79,258)
Accumulated other comprehensive income 16 11
Treasury stock, at cost (1,146,271 and1,097,639 shares, respectively) (14,106) (13,792)
Total stockholders' equity 32,479 35,630
Total liabilities and stockholders' equity $ 69,064 $ 78,447