Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 2,872 $ 3,206
Accounts receivable, net of allowance for doubtful accounts of $622 and $676, respectively 8,359 10,626
Inventory, net 968 1,055
Prepaid assets 909 1,154
Total current assets 13,108 16,041
Property and equipment, net 3,956 4,340
Intangible assets, net 7,884 8,988
Loan origination fees 89 123
Other assets 217 226
Total assets 25,254 29,718
Current liabilities:    
Accounts payable 2,224 3,080
Accrued liabilities 3,216 4,236
Secured line of credit 1,100 400
Loss on long-term contract 267 616
Deferred revenue 8,131 7,507
Total current liabilities 14,938 15,839
Warrant liability 48 96
Deferred revenue – non-current 898 1,519
Deferred tax liabilities 17 18
Deferred rent and other 1,735 1,917
Total liabilities 17,636 19,389
Stockholders’ equity:    
Common stock, $.0001 par value, (250,000,000 shares authorized; 37,182,041 shares issued; 36,882,041 shares outstanding, at June 30, 2016 and December 31, 2015) 4 4
Additional paid-in capital 108,847 108,237
Accumulated comprehensive loss (600) (196)
Retained earnings (accumulated deficit) (100,153) (97,236)
Treasury Stock, at cost (300,000 shares) (480) (480)
Total stockholders’ equity 7,618 10,329
Total liabilities and stockholders’ equity $ 25,254 $ 29,718