Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Current Assets:    
Cash and cash equivalents $ 882 $ 6,033
Trade accounts receivable, less allowance for doubtful accounts of $1,196 and $516 34,310 23,779
Unbilled contract receivables 5,268  
Inventories, less reserves of $1,608 and $1,669 20,590 13,673
Other current assets 3,313 3,157
Total current assets 64,363 46,642
Property and equipment 2,780 2,242
Accumulated depreciation and amortization (1,441) (1,031)
Net property and equipment 1,339 1,211
Goodwill 64,978 42,991
Intangible assets, less accumulated amortization of $11,630 and $8,881 40,400 34,784
Other assets, net 670 914
Total assets 171,750 126,542
Current Liabilities:    
Accounts payable 15,830 11,573
Accrued compensation and benefits 2,694 2,281
Notes payable 10,360 360
Accrued and other current liabilities 4,404 7,371
Purchase price obligations - current 7,027 6,269
Total current liabilities 40,315 27,854
Revolving credit facility 22,856 8,760
Related party payable 2,565 2,565
Note payable 2,516 2,816
Purchase price obligations - noncurrent 2,046 6,086
Other liabilities 895 1,145
Total liabilities 71,193 49,226
Stockholders' Equity    
Common stock, $.001 par value, 200,000 shares authorized, 157,531 and 129,714 issued and outstanding at September 30, 2015 and December 31, 2014, respectively 157 130
Additional paid-in capital 176,510 149,477
Accumulated deficit (76,110) (72,291)
Total stockholders' equity 100,557 77,316
Total liabilities and stockholders' equity $ 171,750 $ 126,542