Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
ASSETS    
Cash and cash equivalents $ 8,782 $ 12,078
Accounts receivable, net of allowance for doubtful accounts of $67 and $0, respectively 7,682 4,834
Expenditures billable to clients 4,868 3,384
Prepaid expenses and other current assets 3,182 1,071
Total current assets 24,514 21,367
Property, equipment and improvements, net 57 68
Capitalized software, net 273 321
Other assets 1,500 592
Total assets 26,344 22,348
LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY (DEFICIT)    
Accounts payable 17,093 12,321
Accrued liabilities 9,074 9,837
Customer advances 5,853 1,841
Convertible notes payable, net of discounts and issuance costs of $7,264 and $6,898, respectively 15,323 13,388
Warrant liability 3,996 7,114
Total current liabilities 51,339 44,501
Other liabilities 22 22
Total liabilities 51,361 44,523
Commitments and contingencies (Note 7)
Redeemable convertible preferred stock:    
Total redeemable convertible preferred stock 23,869 23,350
Stockholders' equity (deficit):    
Common stock, par value $0.001 per share; 38,500,000 shares authorized; 2,779,803 and 2,620,803 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively 4 4
Additional paid-in capital 3,266 (293)
Accumulated deficit (52,156) (45,236)
Total stockholders' equity (deficit) (48,886) (45,525)
Total liabilities, redeemable convertible preferred stock and stockholders' equity (deficit) 26,344 22,348
Series B Redeemable Convertible Preferred Stock [Member]    
Redeemable convertible preferred stock:    
Total redeemable convertible preferred stock 18,102 17,897
Series A Redeemable Convertible Preferred Stock [Member]    
Redeemable convertible preferred stock:    
Total redeemable convertible preferred stock $ 5,767 $ 5,453