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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Glowpoint Inc | AMEX:GLOW | AMEX | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.08 | 0 | 01:00:00 |
x
|
Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended
September 30, 2013
.
|
¨
|
Transition report under Section 13 or 15(d) of the Securities Exchange Act of 1934
|
Delaware
(State or Other Jurisdiction of
Incorporation or Organization) |
77-0312442
(I.R.S. Employer Identification No.)
|
Large accelerated filer
o
|
Accelerated filer
o
|
Non-accelerated filer
o
|
Smaller reporting company
x
|
|
September 30,
2013 |
|
December 31,
2012 |
||||
|
(Unaudited)
|
|
|
||||
ASSETS
|
|
|
|
||||
Current assets:
|
|
|
|
||||
Cash
|
$
|
2,051
|
|
|
$
|
2,218
|
|
Accounts receivable, net (including related party amounts of $22 and $32, respectively)
|
3,905
|
|
|
4,047
|
|
||
Prepaid expenses and other current assets
|
591
|
|
|
897
|
|
||
Total current assets
|
6,547
|
|
|
7,162
|
|
||
Property and equipment, net
|
3,155
|
|
|
4,256
|
|
||
Goodwill
|
9,825
|
|
|
9,900
|
|
||
Intangibles, net
|
6,316
|
|
|
7,256
|
|
||
Other assets
|
778
|
|
|
742
|
|
||
Total assets
|
$
|
26,621
|
|
|
$
|
29,316
|
|
LIABILITIES AND STOCKHOLDERS’ EQUITY
|
|
|
|
||||
Current liabilities:
|
|
|
|
||||
Current portion of long-term debt
|
$
|
917
|
|
|
$
|
1,397
|
|
Current portion of capital lease
|
263
|
|
|
240
|
|
||
Accounts payable (including related party amounts of $136 and $13, respectively)
|
2,475
|
|
|
2,384
|
|
||
Accrued expenses (including related party amounts of $6 and $15, respectively)
|
1,913
|
|
|
1,672
|
|
||
Accrued dividends
|
25
|
|
|
—
|
|
||
Accrued sales taxes and regulatory fees
|
618
|
|
|
398
|
|
||
Customer deposits
|
163
|
|
|
205
|
|
||
Deferred revenue
|
122
|
|
|
155
|
|
||
Total current liabilities
|
6,496
|
|
|
6,451
|
|
||
Long term liabilities:
|
|
|
|
||||
Capital lease, net of current portion
|
62
|
|
|
231
|
|
||
Long term debt, net of current portion
|
9,052
|
|
|
9,631
|
|
||
Total long term liabilities
|
9,114
|
|
|
9,862
|
|
||
Total liabilities
|
15,610
|
|
|
16,313
|
|
||
Commitments and contingencies (see Note 12)
|
|
|
|
|
|
||
Stockholders’ equity:
|
|
|
|
||||
Preferred stock, Series B-1, non-convertible; $.0001 par value; $100,000 stated value; 100 shares authorized and 5 and 100 shares issued and outstanding at September 30, 2013 and December 31, 2012, respectively, liquidation preference of $500 and $10,000, respectively
|
$
|
500
|
|
|
$
|
10,000
|
|
Preferred stock, Series A-2, convertible; $.0001 par value; $7,500 stated value; 7,500 shares authorized and 53 shares issued and outstanding at September 30, 2013 and December 31, 2012, liquidation preference of $396
|
167
|
|
|
167
|
|
||
Common stock, $.0001 par value;150,000,000 shares authorized; 34,939,000 and 28,886,000 shares issued and outstanding at September 30, 2013 and December 31, 2012, respectively
|
3
|
|
|
3
|
|
||
Additional paid-in capital
|
176,675
|
|
|
166,481
|
|
||
Accumulated deficit
|
(166,334
|
)
|
|
(163,648
|
)
|
||
Total stockholders’ equity
|
11,011
|
|
|
13,003
|
|
||
Total liabilities and stockholders’ equity
|
$
|
26,621
|
|
|
$
|
29,316
|
|
|
Nine Months Ended September 30,
|
|
Three Months Ended September 30,
|
||||||||||||
|
2013
|
|
2012
|
|
2013
|
|
2012
|
||||||||
Revenue (including related party amounts of $103 and $168, respectively and $33 and $43, respectively)
|
$
|
25,553
|
|
|
$
|
20,107
|
|
|
$
|
8,313
|
|
|
$
|
6,561
|
|
Operating expenses:
|
|
|
|
|
|
|
|
||||||||
Network and infrastructure
|
6,261
|
|
|
6,297
|
|
|
2,153
|
|
|
2,076
|
|
||||
Global managed services
|
9,101
|
|
|
5,262
|
|
|
2,958
|
|
|
1,801
|
|
||||
Sales and marketing (including related party amounts of $18 and $0, respectively and $6 and $0, respectively)
|
2,934
|
|
|
2,954
|
|
|
868
|
|
|
1,090
|
|
||||
General and administrative (including related party amounts of $309 and $346, respectively and $162 and $199, respectively)
|
6,544
|
|
|
4,384
|
|
|
1,746
|
|
|
1,732
|
|
||||
Depreciation and amortization
|
2,151
|
|
|
1,301
|
|
|
693
|
|
|
436
|
|
||||
Total operating expenses
|
26,991
|
|
|
20,198
|
|
|
8,418
|
|
|
7,135
|
|
||||
Loss from operations
|
(1,438
|
)
|
|
(91
|
)
|
|
(105
|
)
|
|
(574
|
)
|
||||
Interest and other expense:
|
|
|
|
|
|
|
|
||||||||
Interest expense, net
|
898
|
|
|
43
|
|
|
286
|
|
|
14
|
|
||||
Amortization of deferred financing costs
|
242
|
|
|
33
|
|
|
121
|
|
|
4
|
|
||||
Amortization of debt discount
|
108
|
|
|
—
|
|
|
39
|
|
|
—
|
|
||||
Total interest and other expense, net
|
1,248
|
|
|
76
|
|
446
|
|
|
18
|
||||||
Loss before provision for income taxes
|
(2,686
|
)
|
|
(167
|
)
|
|
(551
|
)
|
|
(592
|
)
|
||||
Provision for income taxes
|
—
|
|
|
5
|
|
|
—
|
|
|
—
|
|
||||
Net loss
|
(2,686
|
)
|
|
(172
|
)
|
|
(551
|
)
|
|
(592
|
)
|
||||
Preferred stock dividends
|
25
|
|
|
—
|
|
|
(185
|
)
|
|
—
|
|
||||
Net loss attributable to common stockholders
|
$
|
(2,711
|
)
|
|
$
|
(172
|
)
|
|
$
|
(366
|
)
|
|
$
|
(592
|
)
|
|
|
|
|
|
|
|
|
||||||||
Net loss attributable to common stockholders per share:
|
|
|
|
|
|
|
|
||||||||
Basic net loss per share
|
$
|
(0.09
|
)
|
|
$
|
(0.01
|
)
|
|
$
|
(0.01
|
)
|
|
$
|
(0.02
|
)
|
Diluted net loss per share
|
$
|
(0.09
|
)
|
|
$
|
(0.01
|
)
|
|
$
|
(0.01
|
)
|
|
$
|
(0.02
|
)
|
|
|
|
|
|
|
|
|
||||||||
Weighted average number of common shares:
|
|
|
|
|
|
|
|
||||||||
Basic
|
29,094
|
|
|
24,441
|
|
|
31,692
|
|
|
24,556
|
|
||||
Diluted
|
29,094
|
|
|
24,441
|
|
|
31,692
|
|
|
24,556
|
|
|
Series B-1 Preferred Stock
|
|
Series A-2 Preferred Stock
|
|
Common Stock
|
|
|
|
|
|
|
|||||||||||||||||||||
|
Shares
|
|
Amount
|
|
Shares
|
|
Amount
|
|
Shares
|
|
Amount
|
|
Additional Paid In Capital
|
|
Accumulated Deficit
|
|
Total
|
|||||||||||||||
Balance at December 31, 2012
|
100
|
|
|
$
|
10,000
|
|
|
53
|
|
|
$
|
167
|
|
|
28,886
|
|
|
$
|
3
|
|
|
$
|
166,481
|
|
|
$
|
(163,648
|
)
|
|
$
|
13,003
|
|
Net loss
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(2,686
|
)
|
|
(2,686
|
)
|
||||||
Stock-based compensation
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
861
|
|
|
—
|
|
|
861
|
|
||||||
Stock issued in connection with debt amendment
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
100
|
|
|
—
|
|
|
147
|
|
|
—
|
|
|
147
|
|
||||||
Net issuance (forfeiture) of restricted stock
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(394
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
||||||
Preferred stock exchange, net of costs of $289
|
(95
|
)
|
|
(9,500
|
)
|
|
—
|
|
|
—
|
|
|
6,333
|
|
|
—
|
|
|
9,211
|
|
|
—
|
|
|
(289
|
)
|
||||||
Preferred stock dividends
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(25
|
)
|
|
—
|
|
|
(25
|
)
|
||||||
Exercise of options
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
14
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
||||||
Balance at September 30, 2013
|
5
|
|
|
$
|
500
|
|
|
53
|
|
|
$
|
167
|
|
|
34,939
|
|
|
$
|
3
|
|
|
$
|
176,675
|
|
|
$
|
(166,334
|
)
|
|
$
|
11,011
|
|
|
Nine Months Ended September 30,
|
||||||
|
2013
|
|
2012
|
||||
Cash flows from Operating Activities:
|
|
|
|
||||
Net loss
|
$
|
(2,686
|
)
|
|
$
|
(172
|
)
|
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
|
|
|
|
||||
Depreciation and amortization
|
2,151
|
|
|
1,301
|
|
||
Bad debt expense
|
104
|
|
|
122
|
|
||
Amortization of deferred financing costs
|
242
|
|
|
33
|
|
||
Amortization of debt discount
|
108
|
|
|
—
|
|
||
Loss on impairment/disposal of equipment
|
680
|
|
|
12
|
|
||
Stock-based compensation
|
861
|
|
|
448
|
|
||
Increase (decrease) attributable to changes in assets and liabilities:
|
|
|
|
||||
Accounts receivable
|
39
|
|
|
(498
|
)
|
||
Prepaid expenses and other current assets
|
306
|
|
|
(37
|
)
|
||
Other assets
|
(278
|
)
|
|
(22
|
)
|
||
Accounts payable
|
91
|
|
|
(21
|
)
|
||
Accrued expenses, sales taxes and regulatory fees
|
269
|
|
|
(352
|
)
|
||
Customer deposits
|
(42
|
)
|
|
25
|
|
||
Deferred revenue
|
(33
|
)
|
|
(82
|
)
|
||
Net cash provided by operating activities - continuing operations
|
1,812
|
|
|
757
|
|
||
Net cash used in operating activities - discontinued operations
|
—
|
|
|
(50
|
)
|
||
Net cash provided by operating activities
|
1,812
|
|
|
707
|
|
||
Cash flows from Investing Activities:
|
|
|
|
||||
Proceeds from sale of equipment
|
2
|
|
|
11
|
|
||
Purchases of property and equipment
|
(753
|
)
|
|
(547
|
)
|
||
Net cash used in investing activities
|
(751
|
)
|
|
(536
|
)
|
||
Cash flows from Financing Activities:
|
|
|
|
||||
Proceeds from exercise of stock options
|
—
|
|
|
7
|
|
||
Payments related to preferred stock exchange
|
(106
|
)
|
|
—
|
|
||
Principal payments for capital lease
|
(185
|
)
|
|
(147
|
)
|
||
Payments related to debt issuance
|
(157
|
)
|
|
(199
|
)
|
||
Net payments on revolving loan facility
|
(780
|
)
|
|
—
|
|
||
Net cash used in financing activities
|
(1,228
|
)
|
|
(339
|
)
|
||
Decrease in cash and cash equivalents
|
(167
|
)
|
|
(168
|
)
|
||
Cash at beginning of period
|
2,218
|
|
|
1,818
|
|
||
Cash at end of period
|
$
|
2,051
|
|
|
$
|
1,650
|
|
|
|
|
|
||||
Supplement disclosures of cash flow information:
|
|
|
|
||||
Cash paid during the period for interest
|
$
|
858
|
|
|
$
|
43
|
|
|
|
|
|
||||
Non-cash investing and financing activities:
|
|
|
|
||||
Preferred stock dividends
|
$
|
25
|
|
|
$
|
—
|
|
Reduction of debt in connection with severance obligations related to acquisition of Affinity
|
$
|
240
|
|
|
$
|
—
|
|
Stock issued in connection with debt amendment recorded as debt discount
|
$
|
147
|
|
|
$
|
—
|
|
Acquisition of network equipment under capital lease
|
$
|
38
|
|
|
$
|
120
|
|
Preferred stock conversion and warrant exchange
|
$
|
9,500
|
|
|
$
|
130
|
|
|
Nine Months Ended September 30, 2012
|
|
Three Months Ended September 30, 2012
|
||||
Revenue
|
$
|
28,133
|
|
|
$
|
9,114
|
|
Net income (loss)
|
656
|
|
|
(1,229
|
)
|
||
|
|
|
|
||||
Earnings (loss) per share:
|
|
|
|
||||
Basic
|
$
|
0.02
|
|
|
$
|
(0.04
|
)
|
Diluted
|
$
|
0.02
|
|
|
$
|
(0.04
|
)
|
|
|
|
|
||||
Weighted average number of common shares:
|
|
|
|
||||
Basic
|
27,482
|
|
|
27,597
|
|
||
Diluted
|
27,482
|
|
|
27,597
|
|
Goodwill, December 31, 2012
|
$
|
9,900
|
|
Settlements
|
(11
|
)
|
|
Reduction of Note (see Note 6)
|
(240
|
)
|
|
Working capital adjustments
|
176
|
|
|
Goodwill, September 30, 2013
|
$
|
9,825
|
|
|
September 30, 2013
|
|
December 31, 2012
|
||||
Accrued compensation
|
$
|
630
|
|
|
$
|
508
|
|
Accrued severance
|
476
|
|
|
607
|
|
||
Accrued communication costs
|
284
|
|
|
244
|
|
||
Accrued professional and banking fees
|
499
|
|
|
208
|
|
||
Other accrued expenses
|
24
|
|
|
105
|
|
||
|
$
|
1,913
|
|
|
$
|
1,672
|
|
|
September 30, 2013
|
December 31, 2012
|
||||
Comerica Revolver
|
$
|
—
|
|
$
|
780
|
|
Comerica Term Loan
|
2,000
|
|
2,000
|
|
||
Escalate Term Loan (A)
|
5,881
|
|
5,920
|
|
||
Stockholder Representative Note
|
2,088
|
|
2,328
|
|
||
|
9,969
|
|
11,028
|
|
||
Less current maturities
|
(917
|
)
|
(1,397
|
)
|
||
|
$
|
9,052
|
|
$
|
9,631
|
|
|
Nine Months Ended
September 30, |
|
Three Months Ended
September 30, |
||||
|
2013
|
|
2012
|
|
2013
|
|
2012
|
Risk free interest rate
|
0.8%
|
|
0.9%
|
|
—%
|
|
0.6%
|
Expected option lives
|
5 years
|
|
5 years
|
|
0 years
|
|
5 years
|
Expected volatility
|
103.2%
|
|
111.0%
|
|
—%
|
|
107.8%
|
Estimated forfeiture rate
|
10%
|
|
10%
|
|
—%
|
|
10%
|
Expected dividend yields
|
—
|
|
—
|
|
—
|
|
—
|
Weighted average grant date fair value of options
|
$1.39
|
|
$2.30
|
|
$—
|
|
$1.51
|
|
Outstanding
|
|
Exercisable
|
|||||||||
|
Number of Options Shares Underlying
|
|
Weighted
Average Exercise Price |
|
Number of Options Shares Underlying
|
|
Weighted
Average Exercise Price |
|||||
Options outstanding, January 1, 2013
|
1,857
|
|
|
$
|
3.02
|
|
|
605
|
|
$
|
2.93
|
|
Granted
|
1,075
|
|
|
1.84
|
|
|
|
|
|
|||
Exercised *
|
(70
|
)
|
|
1.61
|
|
|
|
|
|
|||
Expired
|
(14
|
)
|
|
13.56
|
|
|
|
|
|
|||
Forfeited and canceled
|
(924
|
)
|
|
3.17
|
|
|
|
|
|
|||
Options outstanding, September 30, 2013
|
1,924
|
|
|
$
|
2.27
|
|
|
457
|
|
$
|
2.75
|
|
|
Nine Months Ended September 30,
|
|
Three Months Ended September 30,
|
||||||||||||
|
2013
|
|
2012
|
|
2013
|
|
2012
|
||||||||
Global managed services
|
$
|
—
|
|
|
$
|
8
|
|
|
$
|
—
|
|
|
$
|
2
|
|
Sales and marketing
|
—
|
|
|
4
|
|
|
—
|
|
|
—
|
|
||||
General and administrative
|
503
|
|
|
143
|
|
|
146
|
|
|
63
|
|
||||
|
$
|
503
|
|
|
$
|
155
|
|
|
$
|
146
|
|
|
$
|
65
|
|
|
Restricted Shares
|
|
Weighted Average
Grant Price |
|||
Unvested restricted shares outstanding, December 31, 2012
|
1,294
|
|
|
$
|
2.43
|
|
Granted
|
379
|
|
|
1.28
|
|
|
Vested
|
(367
|
)
|
|
1.43
|
|
|
Forfeited
|
(772
|
)
|
|
2.54
|
|
|
Unvested restricted shares outstanding, September 30, 2013
|
534
|
|
|
$
|
2.15
|
|
|
Nine Months Ended September 30,
|
|
Three Months Ended September 30,
|
||||||||||||
|
2013
|
|
2012
|
|
2013
|
|
2012
|
||||||||
Global managed services
|
$
|
14
|
|
|
$
|
27
|
|
|
$
|
3
|
|
|
$
|
11
|
|
Sales and marketing
|
31
|
|
|
47
|
|
|
5
|
|
|
17
|
|
||||
General and administrative
|
313
|
|
|
219
|
|
|
17
|
|
|
136
|
|
||||
|
$
|
358
|
|
|
$
|
293
|
|
|
$
|
25
|
|
|
$
|
164
|
|
|
Nine Months Ended September 30,
|
||||
|
2013
|
|
2012
|
||
Common stock options
|
1,924
|
|
|
1,764
|
|
Unvested restricted stock
|
534
|
|
|
1,298
|
|
Warrants
|
33
|
|
|
33
|
|
Year Ending December 31,
|
|
||
Three months of 2013
|
$
|
150
|
|
2014
|
370
|
|
|
2015
|
349
|
|
|
2016
|
359
|
|
|
2017
|
305
|
|
|
2018
|
223
|
|
|
|
$
|
1,756
|
|
|
Nine Months Ended September 30,
|
|
Three Months Ended September 30,
|
||||||||||||||||||||
|
2013 Period
|
|
2012 Period
|
|
Pro-forma 2012 Period
|
|
2013 Quarter
|
|
2012 Quarter
|
|
Pro-forma 2012 Quarter
|
||||||||||||
Revenue
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
Managed services
|
$
|
14,954
|
|
|
$
|
9,705
|
|
|
$
|
16,791
|
|
|
$
|
4,820
|
|
|
$
|
3,204
|
|
|
$
|
5,400
|
|
Network services
|
9,145
|
|
|
9,168
|
|
|
9,715
|
|
|
3,056
|
|
|
2,998
|
|
|
3,170
|
|
||||||
Professional and other services
|
1,454
|
|
|
1,234
|
|
|
1,627
|
|
|
437
|
|
|
359
|
|
|
544
|
|
||||||
Total revenue
|
$
|
25,553
|
|
|
$
|
20,107
|
|
|
$
|
28,133
|
|
|
$
|
8,313
|
|
|
$
|
6,561
|
|
|
$
|
9,114
|
|
•
|
Revenue for managed services, which represents video collaboration services, increased
$5,249,000
to
$14,954,000
in the 2013 Period, from
$9,705,000
in the 2012 Period. This increase is attributable to revenue contribution of $5,793,000 from Affinity in the 2013 Period, partially offset by a decrease of $544,000 primarily related to a decline in usage-based video collaboration services. Revenue for managed services increased
$1,616,000
to
$4,820,000
in the 2013 Quarter, from
$3,204,000
in the 2012 Quarter. This increase is attributable to revenue contribution of $1,782,000 from Affinity in the 2013 Quarter, partially offset by a $166,000 decrease primarily related to a decline in usage based video collaboration services. Revenue for managed services decreased $1,837,000 to
$14,954,000
in the 2013 Period, from
$16,791,000
in the Pro-forma 2012 Period. This decrease is attributable to: (i) a decrease of $1,293,000 in managed services revenue from Affinity, primarily relating to a decline in the use of video meeting suites, and (ii) a decrease of $544,000 primarily related to a decline in usage based video collaboration services.
|
•
|
Revenue for network services decreased
$23,000
to
$9,145,000
in the 2013 Period from
$9,168,000
in the 2012 Period. This decrease is attributable to a decrease of $600,000 in revenue from the pre-existing business partially offset by revenue contribution of $577,000 from Affinity in the 2013 Period. Revenue for network services increased
$58,000
to
$3,056,000
in the 2013 Quarter, from
$2,998,000
in the 2012 Quarter. The increase is attributable to revenue contribution of $190,000 from Affinity in the 2013 Quarter partially offset by a decrease of $132,000 in revenue from the pre-existing business. The decreases in network services revenue from the pre-existing business for both the 2013 Period and 2013 Quarter as compared to the same periods in 2012 are primarily attributable to customer disconnects. Revenue for Network Services for the Pro-forma 2012 Period and for the Pro-forma 2012 Quarter was
$9,715,000
and
$3,170,000
, respectively. The decreases in revenue for network services from the Pro-forma 2012 Period and Pro-forma 2012 Quarter as compared to the 2013 Period and 2013 Quarter were primarily attributable to customer disconnects.
|
•
|
Revenue for professional and other services, which represent non-recurring services and equipment sales, increased
$220,000
to
$1,454,000
in the 2013 Period from
$1,234,000
in the 2012 Period. This increase is attributable to an increase of $203,000 in revenue from the pre-existing business in addition to revenue contribution of $17,000 from Affinity in the 2013 Period. Revenue for professional and other services increased
$78,000
to
$437,000
in the 2013 Quarter, from
$359,000
in the 2012 Quarter. This increase is primarily attributable to an increase of $77,000 in revenue from the pre-existing business. Revenue for professional and other services for the 2013 Period and 2013 Quarter were slightly lower as compared to the Pro-forma 2012 Period of
$1,627,000
and the Pro-forma 2012 Quarter of
$544,000
, respectively.
|
|
Nine Months Ended September 30,
|
|
Three Months Ended September 30,
|
||||||||||||
|
2013
|
|
2012
|
|
2013
|
|
2012
|
||||||||
Net loss
|
$
|
(2,686
|
)
|
|
$
|
(172
|
)
|
|
$
|
(551
|
)
|
|
$
|
(592
|
)
|
Provision for income taxes
|
—
|
|
|
5
|
|
|
—
|
|
|
—
|
|
||||
Depreciation and amortization
|
2,151
|
|
|
1,301
|
|
|
693
|
|
|
436
|
|
||||
Interest and other expense, net
|
1,248
|
|
|
76
|
|
|
446
|
|
|
18
|
|
||||
EBITDA
|
713
|
|
|
1,210
|
|
|
588
|
|
|
(138
|
)
|
||||
Stock-based compensation
|
861
|
|
|
448
|
|
|
171
|
|
|
229
|
|
||||
Severance
|
696
|
|
|
—
|
|
|
289
|
|
|
—
|
|
||||
Acquisition costs
|
278
|
|
|
480
|
|
|
40
|
|
|
480
|
|
||||
Asset impairment
|
680
|
|
|
—
|
|
|
141
|
|
|
—
|
|
||||
Adjusted EBITDA
|
$
|
3,228
|
|
|
$
|
2,138
|
|
|
$
|
1,229
|
|
|
$
|
571
|
|
Exhibit
Number
|
|
Description
|
10.1
|
|
Series B-1 Preferred Exchange Agreement, dated as of August 9, 2013, by and between Glowpoint, Inc. and GP Investment Holdings, LLC.
|
10.2
|
|
Registration Rights Agreement, dated as of August 9, 2013, by and between Glowpoint, Inc. and GP Investment Holdings, LLC.
|
10.3
|
|
Separation Agreement between Glowpoint, Inc. and Steven Peri, dated as of September 13, 2013.
|
31.1*
|
|
Rule 13a—14(a)/15d—14(a) Certification of the Chief Executive Officer.
|
31.2*
|
|
Rule 13a—14(a)/15d—14(a) Certification of the Chief Financial Officer.
|
32.1*
|
|
Section 1350 Certification of the Chief Executive Officer and Chief Financial Officer.
|
101.INS**
|
|
XBRL Instance Document
|
101.SCH**
|
|
XBRL Taxonomy Extension Schema
|
101.CAL**
|
|
XBRL Taxonomy Extension Calculation Linkbase
|
101.DEF**
|
|
XBRL Taxonomy Extension Definition Linkbase
|
101.LAB**
|
|
XBRL Taxonomy Extension Label Linkbase
|
101.PRE**
|
|
XBRL Taxonomy Extension Presentation Linkbase
|
|
GLOWPOINT, INC.
|
|
|
|
|
Date: November 6, 2013
|
By:
|
/s/ Peter Holst
|
|
|
Peter Holst
|
|
|
Chief Executive Officer
|
|
|
(principal executive officer)
|
Date: November 6, 2013
|
By:
|
/s/ David Clark
|
|
|
David Clark
|
|
|
Chief Financial Officer
|
|
|
(principal financial and accounting officer)
|
1 Year Glowpoint Chart |
1 Month Glowpoint Chart |
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