Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.19.3
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 5,560,000 $ 10,159,000
Restricted cash 307,000 307,000
Investments - short term 394,000
Accounts receivable, net of allowance for doubtful accounts of $67,000 and $160,000 in 2018 and 2019, respectively 13,821,000 9,247,000
Financing receivables - current, net of allowance for doubtful accounts of $-0- in 2018 and 2019 950,000 1,036,000
Inventory, net 9,761,000 4,649,000
Deferred costs - current 3,868,000 3,660,000
Prepaid expenses and other current assets 2,822,000 3,208,000
Total current assets 37,089,000 32,660,000
Investments - long term 4,131,000
Financing receivables - less current portion 972,000 1,254,000
Deferred costs - less current portion 5,467,000 5,409,000
Fixed assets, net 2,070,000 2,149,000
Goodwill 9,362,000 7,318,000
Intangible assets, net 6,292,000 4,705,000
Right of use asset 1,822,000
Other assets 204,000 177,000
Total assets 63,278,000 57,803,000
Current liabilities:    
Accounts payable and accrued expenses 16,583,000 8,027,000
Deferred revenue - current 8,095,000 7,902,000
Acquisition related contingent consideration payable 946,000
Lease liability - current 849,000
Total current liabilities 25,527,000 16,875,000
Deferred revenue - less current portion 9,019,000 9,186,000
Lease liability - less current portion 1,122,000
Deferred rent 208,000
Total Liabilities 35,668,000 26,269,000
Commitments and Contingencies (Note 21)
STOCKHOLDERS' EQUITY    
Preferred stock; authorized 5,000,000 shares, $0.01 par value; none issued
Common stock; authorized 50,000,000 shares, $0.01 par value; 19,178,000 and 19,653,000 shares issued at December 31, 2018 and September 30, 2019, respectively; shares outstanding, 18,166,000 and 18,597,000 at December 31, 2018 and September 30, 2019, respectively 197,000 192,000
Additional paid-in capital 141,753,000 138,693,000
Accumulated deficit (108,058,000) (101,180,000)
Accumulated other comprehensive loss (255,000) (435,000)
Treasury stock; 1,012,000 and 1,056,000 common shares at cost at December 31, 2018 and September 30, 2019, respectively (6,027,000) (5,736,000)
Total stockholders' equity 27,610,000 31,534,000
Total liabilities and stockholders' equity $ 63,278,000 $ 57,803,000