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
Jun. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 2,101 $ 2,543
Accounts receivable, less allowance of $380 in 2013 and $304 in 2012 11,477 11,680
Inventory, net 12,559 11,142
Prepaid expenses and other current assets 1,341 1,552
Total current assets 27,478 26,917
Property, plant, and equipment, net 1,581 1,509
Intangible assets, net 217 300
Goodwill 2,926 2,926
Deferred tax asset 16 16
Other assets 245 305
Total assets 32,463 31,973
Current liabilities:    
Lines of credit 5,992 1,637
Accounts payable 9,299 7,663
Accrued liabilities 5,084 6,267
Customer deposits 174 582
Deferred revenue, current portion 3,123 3,226
Total current liabilities 23,672 19,375
Deferred tax liabilities 591 663
Other liabilities, long-term 34 141
Total liabilities 24,297 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; 33,958 and 33,248 shares issued in 2013 and 2012, respectively; and 31,995 and 31,284 shares outstanding in 2013 and 2012, respectively 34 34
Additional paid-in capital 142,383 140,747
Accumulated other comprehensive loss (385) (320)
Accumulated deficit (117,467) (112,268)
Stockholders' equity excluding treasury stock 24,565 28,193
Treasury stock (cost of 1,964 shares repurchased) (16,399) (16,399)
Total stockholders’ equity 8,166 11,794
Total liabilities and stockholders’ equity $ 32,463 $ 31,973