Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.3.1.900
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current Assets:    
Cash and cash equivalents $ 219 $ 6,033
Trade accounts receivable, less allowance for doubtful accounts of $1,005 and $108 41,132 23,779
Unbilled contract receivables 4,559  
Inventories, less reserves of $1,946 and $1,669 22,135 13,673
Other current assets 3,830 3,157
Total current assets 71,875 46,642
Property and equipment:    
Machinery and equipment 1,083 1,004
Furniture and fixtures 726 263
Computers and software 644 598
Construction in process 43 251
Leasehold improvements 206 126
Property and equipment 2,702 2,242
Accumulated depreciation and amortization (1,455) (1,031)
Net property and equipment 1,247 1,211
Goodwill 64,267 42,991
Intangible assets, less accumulated amortization of $12,849 and $8,881 39,595 34,784
Other assets, net 651 914
Total assets 177,635 126,542
Current Liabilities:    
Accounts payable 19,908 11,573
Accrued compensation and benefits 3,388 2,281
Notes payable 10,360 360
Accrued and other current liabilities 5,329 7,371
Purchase price obligations - current 7,039 6,269
Total current liabilities 46,024 27,854
Revolving credit facility 22,026 8,760
Related party payable 2,565 2,565
Note payable 2,426 2,816
Purchase price obligations - noncurrent 1,764 6,086
Other liabilities 727 1,145
Total liabilities 75,532 49,226
Stockholders' Equity    
Common stock, $.001 par value, 200,000 shares authorized, 159,645 and 129,714 issued and outstanding at December 31, 2015 and 2014, respectively 160 130
Additional paid-in capital 176,616 149,477
Accumulated deficit (74,673) (72,291)
Total stockholders' equity 102,103 77,316
Total liabilities and stockholders' equity $ 177,635 $ 126,542