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
Mar. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 1,229 $ 2,543
Accounts receivable, less allowance of $289 and $304 in 2013 and 2012, respectively 10,644 11,680
Inventory, net 11,921 11,142
Prepaid expenses and other current assets 1,637 1,552
Total current assets 25,431 26,917
Property, plant, and equipment, net 1,616 1,509
Intangible assets, net 254 300
Goodwill 2,926 2,926
Deferred tax asset 15 16
Other assets 282 305
Total assets 30,524 31,973
Current liabilities:    
Lines of credit 3,261 1,637
Accounts payable 8,708 7,663
Accrued liabilities 4,879 6,267
Customer deposits 278 582
Deferred revenue, current portion 3,131 3,226
Total current liabilities 20,257 19,375
Deferred tax liabilities 556 663
Other liabilities, long-term 34 141
Total liabilities 20,847 20,179
Commitments and contingencies (Notes 8, 9, and 13)      
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; 33,487 and 33,248 shares issued in 2013 and 2012, respectively; and 31,523 and 31,284 shares outstanding in 2013 and 2012, respectively 34 34
Additional paid-in capital 141,317 140,747
Accumulated other comprehensive loss (376) (320)
Accumulated deficit (114,899) (112,268)
Stockholders' equity excluding treasury stock 26,076 28,193
Treasury stock (cost of 1,964 shares repurchased) (16,399) (16,399)
Total stockholders' equity 9,677 11,794
Total liabilities and stockholders' equity $ 30,524 $ 31,973