Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.4.0.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current Assets:    
Cash and cash equivalents $ 1,290 $ 219
Trade accounts receivable, less allowance for doubtful accounts of $909 and $1,005 36,013 41,132
Unbilled contract receivables 3,495 4,559
Inventories, less reserves of $2,008 and $1,946 25,869 22,135
Other current assets 4,003 3,830
Total current assets 70,670 71,875
Property and equipment 2,673 2,702
Accumulated depreciation and amortization (1,482) (1,455)
Net property and equipment 1,191 1,247
Goodwill 64,267 64,267
Intangible assets, less accumulated amortization of $13,921 and $12,849 38,523 39,595
Other assets, net 561 651
Total assets 175,212 177,635
Current Liabilities:    
Accounts payable 18,262 19,908
Accrued compensation and benefits 3,716 3,388
Notes payable - current 10,390 10,360
Accrued and other current liabilities 5,420 5,329
Purchase price obligations - current 7,990 7,039
Total current liabilities 45,778 46,024
Revolving credit facility 23,170 22,026
Related party payable 2,565 2,565
Note payable - noncurrent 2,336 2,426
Purchase price obligation - noncurrent 1,023 1,764
Other liabilities 530 727
Total liabilities 75,402 75,532
Stockholders' Equity    
Common stock, $.001 par value, 200,000 shares authorized, 16,012 and 15,964 issued and outstanding at March 31, 2016 and December 31, 2015, respectively 16 16
Additional paid-in capital 177,083 176,760
Accumulated deficit (77,289) (74,673)
Total stockholders' equity 99,810 102,103
Total liabilities and stockholders' equity $ 175,212 $ 177,635