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, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 2,083 $ 1,440
Accounts receivable, less allowance of $1,184 in 2014 and $573 in 2013 6,597 11,127
Inventory, net 11,850 11,378
Prepaid expenses and other current assets 909 1,909
Total current assets 21,439 25,854
Property, plant, and equipment, net 1,625 1,826
Intangible assets, net 148 183
Goodwill 2,926 2,926
Other assets 260 249
Total assets 26,398 31,038
Current liabilities:    
Lines of credit 3,304 4,633
Accounts payable 10,016 8,560
Accrued liabilities 5,907 4,997
Customer deposits 140 285
Deferred revenue, current portion 3,234 3,464
Total current liabilities 22,601 21,939
Deferred income taxes 647 617
Deferred revenue, long-term   1
Warranty accrual, long-term 247  
Total liabilities 23,495 22,557
Commitments, 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, 39,600 and 37,336 shares issued in 2014 and 2013, respectively; 37,636 and 35,372 shares outstanding in 2014 and 2013, respectively 40 38
Additional paid-in-capital 154,620 148,866
Accumulated other comprehensive loss (282) (274)
Accumulated deficit (135,076) (123,750)
Stockholders' equity excluding treasury stock 19,302 24,880
Treasury stock (cost of 1,964 shares repurchased) (16,399) (16,399)
Total stockholders' equity 2,903 8,481
Total liabilities and stockholders' equity $ 26,398 $ 31,038