Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 5,757 $ 1,694
Accounts receivable, less allowance of $242 and $311 in 2011 and 2010, respectively 8,074 3,331
Inventory, net 9,823 6,987
Prepaid expenses and other current assets 1,199 1,355
Total current assets 24,853 13,367
Property, plant and equipment, net 1,168 1,331
Intangible assets, net 244 342
Goodwill 2,926 2,926
Deferred tax asset 13 11
Other assets 186 170
Total assets 29,390 18,147
Current liabilities:    
Term loan payable, current portion 0 2,622
Accounts payable 5,859 4,029
Accrued liabilities 5,759 5,482
Customer deposits 180 5,877
Deferred revenue, current portion 1,905 1,650
Total current liabilities 13,703 19,660
Deferred tax liabilities 598 544
Warranty accrual, long-term 385 424
Deferred revenue, long-term 33 433
Other liabilities, long-term 387 133
Total liabilities 15,106 21,194
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; 32,264 and 27,424 shares issued and 30,300 and 25,460 shares outstanding in 2011 and 2010, respectively 33 27
Additional paid-in capital 138,115 118,375
Accumulated other comprehensive loss (283) (324)
Accumulated deficit (107,182) (104,726)
Stockholders' equity excluding treasury stock 30,683 13,352
Treasury stock (cost of 1,964 shares repurchased) (16,399) (16,399)
Total stockholders' equity (deficit) 14,284 (3,047)
Total liabilities and stockholders' equity (deficit) $ 29,390 $ 18,147