Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 2,772 $ 3,307
Accounts receivable, less allowance of $305 and $289 in 2012 and 2011, respectively 8,983 8,899
Inventory, net 10,337 11,312
Prepaid expenses and other current assets 1,163 1,808
Total current assets 23,255 25,326
Property, plant and equipment, net 1,338 1,148
Intangible assets, net 179 212
Goodwill 2,926 2,926
Deferred tax asset 8 8
Other assets 187 187
Total assets 27,893 29,807
Current liabilities:    
Accounts payable 7,524 7,804
Accrued liabilities 5,442 6,177
Customer deposits 20 165
Deferred revenue, current portion 2,232 2,136
Total current liabilities 15,218 16,282
Deferred tax liabilities 612 594
Deferred revenue, long-term 17 25
Other liabilities, long-term 139 337
Total liabilities 15,986 17,238
Commitments and contingencies (Notes 9 and 13)      
Stockholders' equity:    
Preferred stock, par value $0.001; 1,000 shares authorized, no shares issued and outstanding      
Common stock, par value $0.001, 50,000 shares authorized; 32,769 and 32,502 shares issued in 2012 and 2011, respectively; and 30,805 and 30,538 shares outstanding in 2012 and 2011, respectively 33 33
Additional paid-in capital 139,454 138,507
Accumulated other comprehensive loss (297) (360)
Accumulated deficit (110,884) (109,212)
Stockholders' equity excluding treasury stock 28,306 28,968
Treasury stock (cost of 1,964 shares repurchased) (16,399) (16,399)
Total stockholders' equity 11,907 12,569
Total liabilities and stockholders' equity $ 27,893 $ 29,807