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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 15,766 $ 17,222
Accounts receivable (net of allowance for doubtful accounts of $700 and $534, respectively) 2,051 1,593
Income tax receivable 48 90
Other current assets 141 89
Total current assets 18,006 18,994
Capitalized software (net of accumulated amortization of $2,153 and $1,310, respectively) 1,134 1,957
Fixed assets (net of accumulated depreciation of $181 and $452, respectively) 899 132
Right-of-use asset – leases (See Note 9) 2,127 0
Deferred tax asset 256 0
Other long-term assets 77 35
Goodwill 6,376 5,032
Intangible assets (net of accumulated amortization of $4,937 and $4,219, respectively) 3,515 2,802
Total assets 32,390 28,952
Current liabilities:    
Accounts payable 266 371
Accrued expenses 1,151 577
Note payable - short-term (net of discount of $19 as of December 31, 2019) (See Note 4) 301 320
Income taxes payable 310 83
Deferred revenue 1,812 1,249
Total current liabilities 3,840 2,600
Note payable - long-term (net of discount of $45 as of December December 31, 2018) (See Note 4) 0 276
Deferred income tax liability 141 413
Lease liabilities - long-term (see Note 9) 2,309 0
Total liabilities 6,290 3,289
Commitments and contingencies (see Note 9)
Stockholders' equity:    
Preferred stock, $0.001 par value, 1,000,000 shares authorized, no shares issued and outstanding as of December 31, 2019 and 2018, respectively. 0 0
Common stock $0.001 par value, 20,000,000 shares authorized, 3,786,398 and 3,829,572 shares issued and outstanding as of December 31, 2019 and 2018, respectively. 4 4
Additional paid-in capital 22,275 22,525
Other accumulated comprehensive loss (16) (17)
Retained earnings 3,837 3,151
Total stockholders' equity 26,100 25,663
Total liabilities and stockholders' equity $ 32,390 $ 28,952