Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.8.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current Assets    
Cash and cash equivalents $ 945 $ 883
Trade receivable, net of allowance for doubtful accounts 34,972 [1] 53,347
Unbilled contracts receivable 6,083 10,167
Inventories, net 26,164 [1] 26,678
Vendor deposits, prepaid expenses and other 9,510 8,363
Total current assets 77,674 99,438
Property and equipment, net 1,603 1,474
Goodwill 61,508 72,074
Intangible assets, net 28,372 43,809
Other assets, net 1,077 704
Total assets 170,234 217,499
Current Liabilities    
Accounts payable 28,833 32,409
Accrued and other liabilities 11,570 10,541
Notes payable 1,796 2,360
Related party notes payable 1,000 1,500
Purchase price obligations 130 1,327
Total current liabilities 43,329 48,137
Revolving credit facility 38,633 25,993
Notes payable 270 12,066
Related party notes payable 11,720 2,565
Purchase price obligations   1,716
Other noncurrent liabilities 419 1,309
Total liabilities 94,371 91,786
Contingencies and Commitments
Stockholders' Equity    
Common stock, par value $0.001 - 35,000 shares authorized and 21,352 shares issued and outstanding at December 31, 2017 and 35,000 shares authorized and 20,893 shares issued and outstanding at December 31, 2016 21 21
Additional paid-in-capital 204,944 200,887
Accumulated deficit (129,102) (75,195)
Total stockholders' equity 75,863 125,713
Total liabilities and stockholders' equity $ 170,234 $ 217,499
[1] Excludes adjustments related to restructuring acitivity. See Note 20.