Annual report pursuant to Section 13 and 15(d)

Consolidated Balance sheets

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Consolidated Balance sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 2,543 $ 3,307
Accounts receivable, less allowance of $304 and $289 in 2012 and 2011, respectively 11,680 8,899
Inventory, net 11,142 11,312
Prepaid expenses and other current assets 1,552 1,808
Total current assets 26,917 25,326
Property, plant and equipment, net 1,509 1,148
Intangible assets, net 300 212
Goodwill 2,926 2,926
Deferred tax asset 16 8
Other assets 305 187
Total assets 31,973 29,807
Current liabilities:    
Lines of credit 1,637  
Accounts payable 7,663 7,804
Accrued liabilities 6,267 6,177
Customer deposits 582 165
Deferred revenue, current portion 3,226 2,136
Total current liabilities 19,375 16,282
Deferred tax liabilities 663 594
Deferred revenue, long-term 3 25
Other liabilities, long-term 138 337
Total liabilities 20,179 17,238
Commitments and contingencies (Notes 5 and 7)      
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, 33,248 and 32,502 shares issued in 2012 and 2011, respectively; 31,284 shares and 30,538 shares outstanding in 2012 and 2011, respectively 34 33
Additional paid-in capital 140,747 138,507
Accumulated other comprehensive loss (320) (360)
Accumulated deficit (112,268) (109,212)
Stockholders' equity excluding treasury stock 28,193 28,968
Treasury stock (cost of 1,964 shares repurchased) (16,399) (16,399)
Total stockholders' equity 11,794 12,569
Total liabilities and stockholders' equity $ 31,973 $ 29,807