XML 31 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Current assets:    
Cash $ 2,186 $ 2,294
Accounts receivable, net 3,621 4,077
Prepaid expenses and other current assets 410 404
Total current assets 6,217 6,775
Property and equipment, net 2,826 2,867
Goodwill 9,825 9,825
Intangibles, net 5,684 5,998
Other assets 392 421
Total assets 24,944 25,886
Current liabilities:    
Current portion of long-term debt 901 950
Current portion of capital lease obligations 170 217
Accounts payable 1,707 1,885
Accrued expenses and other liabilities 2,182 2,277
Accrued dividends 25 20
Accrued sales taxes and regulatory fees 506 590
Total current liabilities 5,491 5,939
Long term liabilities:    
Capital lease obligations, net of current portion 25 43
Long term debt, net of current portion 10,235 10,235
Total long term liabilities 10,260 10,278
Total liabilities 15,751 16,217
Commitments and contingencies      
Stockholders’ equity:    
Preferred stock, Series A-2, convertible; $.0001 par value; $7,500 stated value; 7,500 shares authorized, 53 shares issued and outstanding and liquidation preference of $396 at March 31, 2014 and December 31, 2013 167 167
Common stock, $.0001 par value;150,000,000 shares authorized; 35,561,000 shares issued and 35,579,000 shares outstanding at March 31, 2014 and 35,306,000 shares issued and outstanding at December 31, 2013 4 4
Treasury stock, 18,000 and 0 shares at March 31, 2014 and December 31, 2013, respectively (30) 0
Additional paid-in capital 177,745 177,357
Accumulated deficit (168,693) (167,859)
Total stockholders’ equity 9,193 9,669
Total liabilities and stockholders’ equity $ 24,944 $ 25,886