XML 12 R2.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 18,298 $ 11,691
Contract receivables, net 12,335 17,207
Prepaid expenses and other current assets 1,935 1,880
Total current assets 32,568 30,778
Equipment, software and leasehold improvements, net of accumulated depreciation of ($4,659) and ($4,584) 756 939
Software development costs, net 633 641
Goodwill 13,339 13,339
Intangible assets, net 5,063 10,479
Deferred tax assets, net 0 57
Right-of-use assets, net 1,839 2,215
Other assets 61 61
Total assets 54,259 58,509
Current liabilities:    
Line of credit 3,500 0
Debt, net of issuance costs and discount 9,815 18,481
Accounts payable 505 1,097
Accrued expenses 1,109 1,871
Accrued compensation 2,445 1,876
Billings-in-excess of revenue earned 7,132 7,613
Accrued warranty 952 921
Income taxes payable 1,707 1,341
Other current liabilities 2,042 1,234
Total current liabilities 29,207 34,434
Paycheck Protection Program Loan (PPP) 10,000 0
Operating lease liabilities noncurrent 2,405 3,000
Other noncurrent liabilities 636 956
Total liabilities 42,248 38,390
Commitments and contingencies (Note 16)
Stockholders' equity:    
Preferred stock $0.01 par value, 2,000,000 shares authorized, no shares issued and outstanding 0 0
Common stock $0.01 par value; 60,000,000 shares authorized, 22,149,735 shares issued, 20,550,824 shares outstanding as of June 30, 2020; 21,838,963 shares issued, 20,240,052 shares outstanding as of December 31, 2019 221 218
Additional paid-in capital 79,676 79,400
Accumulated deficit (63,061) (54,654)
Accumulated other comprehensive loss (1,826) (1,846)
Treasury stock at cost, 1,598,911 shares at June 30, 2020 and December 31, 2019 (2,999) (2,999)
Total stockholders' equity 12,011 20,119
Total liabilities and stockholders' equity $ 54,259 $ 58,509