Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

v3.7.0.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 3,576 $ 8,924
Restricted cash equivalent 251 251
Accounts receivable, less allowance of $1,219 in 2017 and $1,209 in 2016 9,220 9,784
Inventory, net 14,693 13,523
Prepaid expenses and other current assets 1,576 1,505
Total current assets 29,316 33,987
Property, plant, and equipment, net 4,465 4,478
Goodwill 2,926 2,926
Other assets 333 550
Total assets 37,040 41,941
Current liabilities:    
Accounts payable 9,183 9,125
Accrued liabilities 5,163 5,778
Customer deposits 94 101
Deferred revenue, current portion 2,666 3,010
Total current liabilities 17,106 18,014
Deferred income taxes, net 813 798
Deferred revenue, long-term 20 23
Warranty accrual, long-term 487 773
Other liabilities, long-term 248 268
Total liabilities 18,674 19,876
Commitments, contingencies, and subsequent event (Notes 8 and 12)
Stockholders' equity:    
Preferred stock, par value $0.001 per share; 1,000,000 shares authorized; 88,494 shares issued in 2017 and 2016, respectively; no shares outstanding in 2017 and 2016, respectively
Common stock, par value $0.001 per share; 100,000,000 shares authorized; 67,660,712 and 67,565,951 shares issued and outstanding in 2017 and 2016, respectively 68 68
Additional paid-in-capital 201,577 201,198
Accumulated other comprehensive loss (846) (876)
Accumulated deficit (182,433) (178,325)
Total stockholders' equity 18,366 22,065
Total liabilities and stockholders' equity $ 37,040 $ 41,941