Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 27,077 $ 91,565
Cash held for acquisition   123,000
Accounts receivable, net of allowances for doubtful accounts of $1,233 and $706, respectively 29,816 23,194
Inventories 20,712 11,650
Prepaid expenses and other current assets 5,646 2,333
Restricted cash - current 1,000  
Deferred income taxes 508 814
Total current assets 84,759 252,556
Satellite network and other equipment, net 229,970 180,621
Goodwill 112,425 39,870
Intangible assets, net 93,172 26,334
Restricted cash - non-current   1,195
Other assets 6,573 5,921
Deferred income taxes   51
Total assets 526,899 506,548
Current liabilities:    
Accounts payable 13,895 8,750
Accrued liabilities 24,186 20,336
Current portion of deferred revenue 7,652 3,525
Total current liabilities 45,733 32,611
Note payable — related party 1,241 1,389
Notes payable 150,000 150,000
Deferred revenue, net of current portion 6,024 2,579
Deferred tax liabilities 18,440 5,696
Other liabilities 5,705 5,764
Total liabilities $ 227,143 $ 198,039
Commitments and contingencies
ORBCOMM Inc. stockholders’ equity    
Common stock, par value $0.001; 250,000,000 shares authorized; 70,613,642 and 70,109,488 shares issued at December 31, 2015 and December 31, 2014 $ 71 $ 70
Additional paid-in capital 381,659 376,297
Accumulated other comprehensive income (loss) (1,174) (583)
Accumulated deficit (81,424) (68,137)
Less treasury stock, at cost, 29,990 shares at December 31, 2015 and December 31, 2014 (96) (96)
Total ORBCOMM Inc. stockholders’ equity 299,393 308,460
Noncontrolling interests 363 49
Total equity 299,756 308,509
Total liabilities and equity 526,899 506,548
Series A Convertible Preferred Stock [Member]    
ORBCOMM Inc. stockholders’ equity    
Series A Convertible Preferred Stock, par value $0.001; 1,000,000 shares authorized; 35,759 and 90,973 shares issued and outstanding $ 357 $ 909