Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.5.0.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current Assets:    
Cash and cash equivalents $ 5,190 $ 219
Trade accounts receivable, less allowance for doubtful accounts of $1,062 and $1,005 43,470 41,132
Unbilled contract receivables 5,285 4,559
Inventories, less reserves of $1,941 and $1,946 25,177 22,135
Other current assets 5,399 3,830
Total current assets 84,521 71,875
Property and equipment 2,769 2,702
Accumulated depreciation and amortization (1,579) (1,455)
Net property and equipment 1,190 1,247
Goodwill 70,575 64,267
Intangible assets, less accumulated amortization of $15,198 and $12,849 45,403 39,595
Other assets, net 504 651
Total assets 202,193 177,635
Current Liabilities:    
Accounts payable 21,889 19,908
Accrued compensation and benefits 3,869 3,388
Notes payable-current 11,360 10,360
Accrued and other current liabilities 7,462 5,329
Purchase price obligations-current 4,038 7,039
Total current liabilities 48,618 46,024
Revolving credit facility 22,576 22,026
Related party payable-noncurrent 2,565 2,565
Notes payable-noncurrent 3,246 2,426
Purchase price obligations-noncurrent 2,662 1,764
Other liabilities 1,472 727
Total liabilities 81,139 75,532
Stockholders' Equity    
Common stock, $.001 par value, 35,000 and 200,000 shares authorized, 20,783 and 15,964 issued and outstanding at June 30, 2016 and December 31, 2015, respectively 21 16
Additional paid-in capital 199,449 176,760
Accumulated deficit (78,416) (74,673)
Total stockholders' equity 121,054 102,103
Total liabilities and stockholders' equity $ 202,193 $ 177,635