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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Nov. 30, 2016
May 31, 2016
ASSETS    
Cash and cash equivalents $ 345 $ 175
Accounts receivable (less allowance for uncollectible accounts of $18 as of November 30, 2016 and May 31, 2016) 368 477
Earn-out payments from CADRA sale 125 130
Prepaid expenses and other assets 196 207
Total current assets 1,034 989
Property and equipment, net 53 71
Goodwill 0 948
Capitalized software development costs, net 1,041 825
Capitalized patent costs 120 113
Related party note receivable 134 134
Other assets 198 35
TOTAL ASSETS 2,580 3,115
LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)    
Accounts payable 315 178
Accrued expenses 571 323
Deferred maintenance and subscription revenue 127 1,531
Capital leases, current portion 24 24
Current portion of long-term debt, related party 0 900
Total current liabilities 1,037 2,956
Capital lease, net of current portion 27 39
Total liabilities 1,064 2,995
Commitments and contingencies
Redeemable common stock, $0.10 par value, 30,000 and 180,000 shares issued and outstanding at November 30, 2016 and May 31, 2016, respectively. 210 1,260
Shareholders' equity (deficit):    
Common stock, $0.10 par value 20,000,000 shares authorized, 723,724 issued and outstanding at November 30, 2016 and May 31, 2016, respectively. 73 73
Capital in excess of par value 27,140 27,138
Accumulated deficit (25,680) (28,073)
Accumulated other comprehensive loss (227) (278)
Total shareholders' equity (deficit) 1,306 (1,140)
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT) $ 2,580 $ 3,115