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Balance Sheets |
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(in thousands) |
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As of | |||||||||
February 28, | May 31, | ||||||||
ASSETS | 2015 | 2014 | |||||||
Cash | $ | 538 | $ | 1,209 | |||||
Accounts receivable | 541 | 666 | |||||||
Receivable due from sale of CADRA product line | 283 | 547 | |||||||
Other current assets | 235 | 343 | |||||||
Total current assets | 1,597 | 2,765 | |||||||
Property and equipment, net | 65 | 95 | |||||||
Goodwill and other intangible assets, net | 1,392 | 1,373 | |||||||
Other non-current assets | 505 | 491 | |||||||
Total assets | $ | 3,559 | $ | 4,724 | |||||
LIABILITIES AND SHAREHOLDERS' (DEFICIT) EQUITY | |||||||||
Accounts payable | $ | 132 | $ | 483 | |||||
Accrued expenses | 325 | 607 | |||||||
Deferred maintenance revenue | 1,690 | 1,462 | |||||||
Current portion of long term debt | 583 | 973 | |||||||
Capital lease, current | 19 | 19 | |||||||
Total current liabilities | 2,749 | 3,544 | |||||||
Other non-current liabilities | 48 | 47 | |||||||
Long term debt | 147 | - | |||||||
Total liabilities | 2,944 | 3,591 | |||||||
Redeemable common stock | 1,190 | 275 | |||||||
Shareholders' (deficit) equity | (575) | 858 | |||||||
Total liabilities and shareholders' (deficit) equity | $ | 3,559 | $ | 4,724 | |||||