Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 3,307 $ 1,694
Accounts receivable, less allowance of $289 and $311 in 2011 and 2010, respectively 8,899 3,331
Inventory, net 11,312 6,987
Prepaid expenses and other current assets 1,808 1,355
Total current assets 25,326 13,367
Property, plant and equipment, net 1,148 1,331
Intangible assets, net 212 342
Goodwill 2,926 2,926
Deferred tax asset 8 11
Other assets 187 170
Total assets 29,807 18,147
Current liabilities:    
Term loan payable, current portion 0 2,622
Accounts payable 7,804 4,029
Accrued liabilities 6,177 5,482
Customer deposits 165 5,877
Deferred revenue, current portion 2,136 1,650
Total current liabilities 16,282 19,660
Deferred tax liabilities 594 544
Warranty accrual, long term 0 424
Deferred revenue, long-term 25 433
Other liabilities, long-term 337 133
Total liabilities 17,238 21,194
Commitments and contingencies      
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, 32,502 and 26,565 shares issued in 2011 and 2010, respectively; 30,538 shares and 24,601 shares outstanding in 2011 and 2010, respectively 33 27
Additional paid-in capital 138,507 118,375
Accumulated other comprehensive loss (360) (324)
Accumulated deficit (109,212) (104,726)
Stockholders' equity excluding treasury stock 28,968 13,352
Treasury stock (cost of 1,964 shares repurchased) (16,399) (16,399)
Total stockholders' equity (deficit) 12,569 (3,047)
Total liabilities and stockholders' equity (deficit) $ 29,807 $ 18,147