v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 1,865 $ 3,064
Restricted cash 250 250
Accounts receivable, net of allowance for doubtful accounts of $72 and $72, respectively 6,446 6,158
Other current assets 2,697 2,694
Total current assets 11,258 12,166
Property and equipment, net 5,970 6,349
Other intangible assets, net 6,215 7,287
Goodwill 8,433 8,433
Operating lease right of use assets 3,483 4,032
Other long-term assets 129 160
Total assets 35,488 38,427
Current liabilities:    
Accounts payable 3,522 2,694
Accrued salary and bonus 3,368 3,024
Other accrued expenses 8,793 9,198
Convertible debt 2,000
Current liabilities from discontinued operations 766 766
Total current liabilities 18,449 15,682
Contingent consideration 762 1,383
Operating lease liabilities, net of current portion 2,691 3,154
Line of credit 2,500 1,500
Note payable at fair value 7,782 7,942
Other long-term liabilities 4,720 4,648
Total liabilities 36,904 34,309
Commitments and contingencies (Note 8)
Redeemable preferred stock, $.01 par value; 5,000,000 shares authorized, 47,000 shares Series B issued and outstanding 46,536 46,536
Stockholders’ deficit:    
Common stock, $.01 par value; 100,000,000 shares authorized; 4,277,317 and 4,228,169 shares issued, respectively; 4,229,948 and 4,195,412 shares outstanding, respectively 404 403
Additional paid-in capital 186,823 186,106
Accumulated deficit (233,245) (227,059)
Treasury stock, at cost (47,369 and 32,757 shares, respectively) (1,934) (1,868)
Total stockholders’ deficit (47,952) (42,418)
Total liabilities and stockholders’ deficit (11,048) (8,109)
Total liabilities, preferred stock and stockholders’ deficit $ 35,488 $ 38,427

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