Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.4
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 13,370 $ 2,321
Accounts receivable, net of allowance for doubtful accounts of $275 and $25, respectively 9,799 10,338
Other current assets 4,976 3,851
Total current assets 28,145 16,510
Property and equipment, net 6,610 6,814
Other intangible assets, net 14,734 15,849
Goodwill 8,433 8,433
Operating lease right of use assets 2,811 3,892
Other long-term assets 42 42
Total assets 60,775 51,540
Current liabilities:    
Accounts payable 4,456 4,709
Accrued salary and bonus 1,865 2,341
Other accrued expenses 8,639 9,476
Current liabilities from discontinued operations 766 766
Total current liabilities 15,726 17,292
Contingent consideration 2,264 2,391
Operating lease liabilities, net of current portion 1,384 2,591
Line of credit 1,200 3,000
Other long-term liabilities 4,563 4,573
Total liabilities 25,137 29,847
Commitments and contingencies (Note 8)
Preferred stock, $.01 par value; 5,000,000 shares authorized
Stockholders' equity:    
Common stock, $.01 par value; 100,000,000 shares authorized; 4,055,454 and 3,932,370 shares issued, respectively; 4,043,673 and 3,920,589 shares outstanding, respectively 402 393
Additional paid-in capital 182,580 182,514
Accumulated deficit (192,159) (185,665)
Treasury stock, at cost (11,781 and 11,781 shares, respectively) (1,721) (1,721)
Total stockholders' equity (10,898) (4,479)
Total liabilities and stockholders' equity 14,239 25,368
Total liabilities, preferred stock and stockholders' equity 60,775 51,540
Series A [Member]    
Current liabilities:    
Preferred stock, $.01 par value; 5,000,000 shares authorized 26,172
Series B [Member]    
Current liabilities:    
Preferred stock, $.01 par value; 5,000,000 shares authorized $ 46,536