|
Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
|
Sep. 30, 2012
|
Dec. 31, 2011
|
| CURRENT ASSETS: |
|
|
| Cash and cash equivalents |
$ 38,709 |
$ 10,925 |
| Accounts receivable - net of allowance of $25 and $25 |
14,393 |
14,336 |
| Deferred income taxes |
4,441 |
3,534 |
| Prepaid expenses and other current assets |
2,259 |
1,811 |
| Total current assets |
59,802 |
30,606 |
| PROPERTY AND EQUIPMENT - Net |
11,178 |
8,301 |
| DEFERRED INCOME TAXES, NON-CURRENT |
1,079 |
2,549 |
| OTHER LONG-TERM ASSETS |
700 |
1,926 |
| GOODWILL |
819 |
|
| TOTAL ASSETS |
73,578 |
43,382 |
| CURRENT LIABILITIES: |
|
|
| Accounts payable |
13,396 |
12,498 |
| Accrued expenses and other current liabilities |
6,293 |
5,492 |
| Current portion of bank financing |
|
250 |
| Current portion of capital lease obligations |
2,258 |
1,593 |
| Total current liabilities |
21,947 |
19,833 |
| LONG-TERM PORTION OF CAPITAL LEASE OBLIGATIONS |
2,178 |
2,098 |
| OTHER LONG-TERM LIABILITIES |
172 |
71 |
| Total liabilities |
24,297 |
22,002 |
| COMMITMENTS AND CONTINGENCIES (Note 7) |
|
|
| STOCKHOLDERS' EQUITY: |
|
|
| Common stock, $0.01 par value-30,000,000 shares authorized, 3,052,856 issued and 2,733,356 outstanding at December 31, 2011, and 100,000,000 authorized, 27,415,902 issued and 27,096,402 shares outstanding at September 30, 2012 |
274 |
31 |
| Preferred stock, $0.01 par value-10,000,000 shares authorized, no shares issued and outstanding at September 30, 2012 |
|
|
| Treasury stock--at cost, 319,500 shares at December 31, 2011 and September 30, 2012 |
(569) |
(569) |
| Additional paid-in capital |
98,712 |
45,639 |
| Accumulated deficit |
(49,128) |
(52,153) |
| Accumulated other comprehensive income |
(8) |
|
| Total stockholders' equity |
49,281 |
21,380 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |
73,578 |
43,382 |
|
Series A Preferred Stock [Member]
|
|
|
| STOCKHOLDERS' EQUITY: |
|
|
| Convertible preferred stock |
|
5,077 |
|
Series A-1 Preferred Stock [Member]
|
|
|
| STOCKHOLDERS' EQUITY: |
|
|
| Convertible preferred stock |
|
730 |
|
Series B Preferred Stock [Member]
|
|
|
| STOCKHOLDERS' EQUITY: |
|
|
| Convertible preferred stock |
|
5,401 |
|
Series C Preferred Stock [Member]
|
|
|
| STOCKHOLDERS' EQUITY: |
|
|
| Convertible preferred stock |
|
$ 17,224 |