ein Auf-der-Klippe-zur-Insolvenz-Stehen herausliest, bleibt sein Geheimnis.
LOCAL CORPORATION
CONSOLIDATED BALANCE SHEETS
(in thousands, except par value)
(Unaudited)
December 31, 2014
ASSETS
Current assets:
Cash 2,438
Accounts receivable, net of allowances of $508 and $533, respectively 8,426
Escrow receivable -
Prepaid expenses and other current assets 449
Total current assets 11,313
Property and equipment, net 5,650
Goodwill 19,281
Intangible assets, net 1,752
Long-term receivable, net of allowances of $3,431 , respectively -
Deposits 72
Total assets $ 38,068
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 9,669
Accrued compensation 940
Deferred rent 116
Warrant liability 156
Other accrued liabilities 1,474
Revolving line of credit 4,883
Current portion of term loan -
Senior secured convertible notes, net of discount of $383 4,630
Deferred revenue 109
Total current liabilities 21,977
Long-term portion of term loan -
Senior secured convertible notes, net of discount -
Deferred income taxes 480
Total liabilities 22,457
Stockholders’ equity 15,611
Total liabilities and stockholders’ equity $ 38,068
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