Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash $ 844 $ 308
Accounts receivable, net 3,606 6,206
Prepaid expenses and other current assets 272 385
Total current assets 4,722 6,899
Property and equipment, net 66 128
Goodwill 25,821 25,886
Intangible assets, net 521 901
Deferred tax asset - long term 64
Restricted cash 5,500
Other assets 187 187
Total assets 36,881 34,001
Current liabilities:    
Accounts payable 9,890 3,548
Accrued expenses 3,028 8,796
Deferred revenue 2,629 1,044
Factored receivables payable 2,434 1,816
Short term notes payable - related party 1,993
Total current liabilities 19,974 15,204
Deferred tax liability 64 387
Deferred revenue 5,622 7,165
Deferred rent 17 98
Investor deposits   3,243
Total liabilities 25,677 26,097
Commitments and contingencies (see Note 8)
Redeemable convertible preferred stock, $0.0001 par value (see Note 10) 5,377
Stockholders' equity    
Common stock, $0.0001 par value (see Note 11) 3 3
Additional paid in capital 118,062 110,265
Accumulated other comprehensive loss (418) (347)
Accumulated deficit (111,820) (102,017)
Total stockholders' equity 5,827 7,904
Total liabilities, redeemable convertible preferred stock, and stockholders' equity $ 36,881 $ 34,001