Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 13,535 $ 5,757
Accounts receivable, net of allowance for doubtful accounts of $6,077 and $2,652, respectively 52,384 25,372
Accounts receivable - stockholders/employees 0 920
Prepaid expenses 10,443 6,290
Inventory, net 1,618 1,142
Other assets 4,504 2,505
Current assets of discontinued operations 0 40,038
Total current assets 82,484 82,024
Long-term assets:    
Property and equipment, net 121,294 106,557
Goodwill 217,814 89,806
Intangible assets, net 183,826 68,834
Other non-current assets 33,462 877
Total long-term assets 556,396 266,074
Total assets 638,880 348,098
Current liabilities:    
Accounts payable 76,075 40,315
Accrued telecommunications costs 5,277 11,048
Deferred customer revenue 16,030 10,226
Other accrued liabilities 41,831 23,948
Current portion of capital leases 3,027 3,003
Current portion of long-term debt 24,500 26,500
Current liabilities from discontinued operations 0 34,864
Total current liabilities 166,740 149,904
Long-term liabilities:    
Non-current portion of long-term debt 580,020 410,736
Non-current portion of capital lease 3,316 3,823
Other non-current liabilities 7,657 12,847
Total non-current liabilities 590,993 427,406
Stockholders’ deficit:    
Preferred stock, $0.01 par value, 10,000 shares authorized, 15 and 0 shares issued and outstanding, respectively 0 0
Common stock, $0.01 par value; 150,000 shares authorized, 78,415 and 25,161 shares issued and outstanding, respectively 784 252
Additional paid-in capital 145,377 5,824
Accumulated deficit (264,752) (236,477)
Accumulated other comprehensive (loss) income (262) 1,189
Total stockholders’ deficit (118,853) (229,212)
Total liabilities and stockholders’ deficit $ 638,880 $ 348,098