Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 1,440 $ 2,543
Accounts receivable, less allowance of $573 and $304 in 2013 and 2012, respectively 11,127 11,680
Inventory, net 11,378 11,142
Prepaid expenses and other current assets 1,909 1,552
Total current assets 25,854 26,917
Property, plant, and equipment, net 1,826 1,509
Intangible assets, net 183 300
Goodwill 2,926 2,926
Deferred income taxes   16
Other assets 249 305
Total assets 31,038 31,973
Current liabilities:    
Lines of credit 4,633 1,637
Accounts payable 8,560 7,663
Accrued liabilities 4,997 6,267
Customer deposits 285 582
Deferred revenue, current portion 3,464 3,226
Total current liabilities 21,939 19,375
Deferred income taxes 617 663
Deferred revenue, long-term 1 3
Other liabilities, long-term   138
Total liabilities 22,557 20,179
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, 37,336 and 33,248 shares issued in 2013 and 2012, respectively; 35,372 and 31,284 shares outstanding in 2013 and 2012, respectively 38 34
Additional paid-in capital 148,866 140,747
Accumulated other comprehensive loss (274) (320)
Accumulated deficit (123,750) (112,268)
Stockholders' equity excluding treasury stock 24,880 28,193
Treasury stock (cost of 1,964 shares repurchased) (16,399) (16,399)
Total stockholders’ equity 8,481 11,794
Total liabilities and stockholders’ equity $ 31,038 $ 31,973