Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 10,134 $ 1,694
Accounts receivable, less allowance of $268 and $311 in 2011 and 2010, respectively 6,398 3,331
Inventory, net 8,029 6,987
Prepaid expenses and other current assets 771 1,355
Total current assets 25,332 13,367
Property, plant and equipment, net 1,184 1,331
Intangible assets, net 277 342
Goodwill 2,926 2,926
Deferred tax asset 13 11
Other assets 185 170
Total assets 29,917 18,147
Current liabilities:    
Term loan payable, current portion 0 2,622
Accounts payable 5,035 4,029
Accrued liabilities 5,437 5,482
Customer deposits 918 5,877
Deferred revenue, current portion 2,185 1,650
Total current liabilities 13,575 19,660
Deferred tax liabilities 580 544
Warranty accrual, long-term 431 424
Deferred revenue, long-term 41 433
Other liabilities, long-term 379 133
Total liabilities 15,006 21,194
Stockholders' equity (deficit):    
Preferred stock, par value $0.001, 1,000 shares authorized, no shares issued and outstanding 0 0
Common stock, par value $0.001, 50,000 shares authorized; 31,809 and 27,120 shares issued and 29,845 and 25,156 shares outstanding in 2011 and 2010, respectively 32 27
Additional paid-in capital 137,670 118,375
Accumulated other comprehensive loss (163) (324)
Accumulated deficit (106,229) (104,726)
Stockholders' equity excluding treasury stock 31,310 13,352
Treasury stock (cost of 1,964 shares repurchased) (16,399) (16,399)
Total stockholders' equity (deficit) 14,911 (3,047)
Total liabilities and stockholders' equity (deficit) $ 29,917 $ 18,147