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, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 1,835 $ 1,440
Accounts receivable, less allowance of $807 in 2014 and $573 in 2013 8,556 11,127
Inventory, net 11,891 11,378
Prepaid expenses and other current assets 1,288 1,909
Total current assets 23,570 25,854
Property, plant, and equipment, net 1,749 1,826
Intangible assets, net 165 183
Goodwill 2,926 2,926
Other assets 247 249
Total assets 28,657 31,038
Current liabilities:    
Lines of credit 2,878 4,633
Accounts payable 7,776 8,560
Accrued liabilities 4,941 4,997
Customer deposits 150 285
Deferred revenue, current portion 3,275 3,464
Total current liabilities 19,020 21,939
Deferred income taxes 632 617
Deferred revenue, long-term   1
Total liabilities 19,652 22,557
Commitments and contingencies, and subsequent events (Notes 8, 9, and 13)      
Stockholders’ equity:    
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, 39,590 and 37,336 shares issued in 2014 and 2013, respectively; 37,626 and 35,372 shares outstanding in 2014 and 2013, respectively. 40 38
Additional paid-in capital 154,274 148,866
Accumulated other comprehensive loss (273) (274)
Accumulated deficit (128,637) (123,750)
Stockholders' equity excluding treasury stock 25,404 24,880
Treasury stock (cost of 1,964 shares repurchased) (16,399) (16,399)
Total Stockholders’ equity 9,005 8,481
Total liabilities and stockholders’ equity $ 28,657 $ 31,038