Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets (Unaudited)

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Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 12,871 $ 13,621
Short term investments 21,001 20,169
Trade accounts receivable 8,564 7,013
Inventory 1,265 1,351
Prepaid expenses and other current assets 1,386 931
Total current assets 45,087 43,085
Property and equipment, net 1,791 1,401
Goodwill 3,700 3,700
Customer relationships, net 3,231 3,593
Intangible assets, net 730 859
Other assets 601 269
Total assets 55,140 52,907
Current liabilities:    
Accounts payable 4,447 4,137
Accrued bonus 1,402 2,076
Accrued liabilities 1,461 1,217
Current portion of deferred rent obligation under operating lease 127 81
Total current liabilities 7,437 7,511
Deferred tax liability 38 38
Deferred rent obligation under operating lease 46 211
Total liabilities 7,521 7,760
Stockholders’ equity:    
Common shares, par value $0.0001, 200,000 shares authorized; 10,117 shares issued and 9,697 shares outstanding at September 30, 2019; and 9,958 shares issued and 9,601 shares outstanding at December 31, 2018. 1 1
Additional paid in capital 95,967 93,583
Treasury stock, at cost: 420 shares and 357 shares at September 30, 2019 and December 31, 2018, respectively (4,231) (3,432)
Accumulated other comprehensive income (loss) 13 (11)
Accumulated deficit (44,131) (44,994)
Total stockholders’ equity 47,619 45,147
Commitments and contingencies (note 12)
Total liabilities and stockholders’ equity $ 55,140 $ 52,907