Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 1,295 $ 3,307
Accounts receivable, less allowance of $257 and $289 in 2012 and 2011, respectively 10,309 8,899
Inventory, net 11,200 11,312
Prepaid expenses and other current assets 1,055 1,808
Total current assets 23,859 25,326
Property, plant and equipment, net 1,501 1,148
Intangible assets, net 114 212
Goodwill 2,926 2,926
Deferred tax asset 8 8
Other assets 356 187
Total assets 28,764 29,807
Current liabilities:    
Lines of credit 2,189  
Accounts payable 7,183 7,804
Accrued liabilities 5,041 6,177
Customer deposits 252 165
Deferred revenue, current portion 2,990 2,136
Total current liabilities 17,655 16,282
Deferred tax liabilities 647 594
Deferred revenue, long-term 5 25
Other liabilities, long-term 142 337
Total liabilities 18,449 17,238
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; 33,088 and 32,502 shares issued and 31,124 and 30,538 shares outstanding in 2012 and 2011, respectively 33 33
Additional paid-in capital 140,364 138,507
Accumulated other comprehensive loss (374) (360)
Accumulated deficit (113,309) (109,212)
Stockholders' equity excluding treasury stock 26,714 28,968
Treasury stock (cost of 1,964 shares repurchased) (16,399) (16,399)
Total stockholders' equity 10,315 12,569
Total liabilities and stockholders' equity $ 28,764 $ 29,807