Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited)(USD ($))
Jun. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 1,607,000 $ 3,307,000
Restricted cash 106,000  
Accounts receivable, less allowance of $604 and $289 in 2012 and 2011, respectively 9,576,000 8,899,000
Inventory, net 10,700,000 11,312,000
Prepaid expenses and other current assets 1,300,000 1,808,000
Assets held for sale 138,000  
Total current assets 23,427,000 25,326,000
Property, plant and equipment, net 1,325,000 1,148,000
Intangible assets, net 147,000 212,000
Goodwill 2,926,000 2,926,000
Deferred tax asset 8,000 8,000
Other assets 380,000 187,000
Total assets 28,213,000 29,807,000
Current liabilities:    
Lines of credit 1,935,000  
Accounts payable 6,859,000 7,804,000
Accrued liabilities 5,201,000 6,177,000
Customer deposits 172,000 165,000
Deferred revenue, current portion 2,665,000 2,136,000
Total current liabilities 16,832,000 16,282,000
Deferred tax liabilities 630,000 594,000
Deferred revenue, long-term 11,000 25,000
Other liabilities, long-term 139,000 337,000
Total liabilities 17,612,000 17,238,000
Commitments and contingencies (Notes 8 and 9)      
Stockholders' equity (deficit):    
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; 33,026 and 32,502 shares issued and 31,063 and 30,538 shares outstanding in 2012 and 2011, respectively 33,000 33,000
Additional paid-in capital 140,140,000 138,507,000
Accumulated other comprehensive loss (412,000) (360,000)
Accumulated deficit (112,761,000) (109,212,000)
Stockholders' equity excluding treasury stock 27,000,000 28,968,000
Treasury stock (cost of 1,964 shares repurchased) (16,399,000) (16,399,000)
Total stockholders' equity 10,601,000 12,569,000
Total liabilities and stockholders' equity $ 28,213,000 $ 29,807,000