Balance Sheets
(in thousands)
As of | |||||||||
November 30,
|
|||||||||
May 31,
|
|||||||||
(unaudited) | |||||||||
Cash | $ | 517 | $ | 1,209 | |||||
Accounts receivable | 733 | 666 | |||||||
Receivable due from sale of CADRA product line | 304 | 547 | |||||||
Other current assets | 214 | 343 | |||||||
Total current assets | 1,768 | 2,765 | |||||||
Property and equipment, net | 76 | 95 | |||||||
Goodwill | 948 | 948 | |||||||
Other non-current assets | 845 | 916 | |||||||
Total assets | $ | 3,637 | $ | 4,724 | |||||
Accounts payable | $ | 283 | $ | 483 | |||||
Accrued expenses | 303 | 607 | |||||||
Deferred maintenance revenue | 1,172 | 1,462 | |||||||
Current portion of long term debt | 851 | 973 | |||||||
Other current liabilities | 19 | 19 | |||||||
Total current liabilities | 2,628 | 3,544 | |||||||
Other non-current liabilities | 55 | 47 | |||||||
Long term debt | 120 | - | |||||||
Total liabilities | 2,803 | 3,591 | |||||||
Redeemable common stock | 1,190 | 275 | |||||||
Stockholders' (deficit) equity | (356 | ) | 858 | ||||||
Total liabilities, redeemable common stock | |||||||||
and stockholders' (deficit) equity | $ | 3,637 | $ | 4,724 |