Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 15,194,000 $ 31,560,000
Restricted cash equivalent 200,000 0
Accounts receivable, less allowance of $1,888 in 2015 and $1,711 in 2014 9,243,000 9,004,000
Inventory, net 14,119,000 12,508,000
Prepaid expenses and other current assets 1,526,000 1,726,000
Total current assets 40,282,000 54,798,000
Property, plant, and equipment, net 3,118,000 1,295,000
Intangible assets, net 65,000 114,000
Goodwill 2,926,000 2,926,000
Other assets 758,000 270,000
Total assets 47,149,000 59,403,000
Current liabilities:    
Accounts payable 9,309,000 8,357,000
Accrued liabilities 5,902,000 5,188,000
Customer deposits 105,000 112,000
Deferred revenue, current portion 2,984,000 2,494,000
Total current liabilities 18,300,000 16,151,000
Deferred income taxes 723,000 677,000
Deferred revenue, long-term 171,000  
Capital lease obligation 201,000  
Warranty accrual, long-term 1,059,000 519,000
Other liabilities, long-term 351,000  
Total liabilities $ 20,805,000 $ 17,347,000
Commitments and contingencies (Note 9)
Stockholders' equity:    
Preferred stock, par value $0.001; 1,000 shares authorized, no shares issued and outstanding
Common stock, par value $0.001; 100,000 shares authorized in 2015 and 2014, respectively; 58,228 and 58,115 shares issued and outstanding in 2015 and 2014, respectively $ 58,000 $ 58,000
Additional paid-in-capital 187,529,000 185,231,000
Accumulated other comprehensive loss (747,000) (557,000)
Accumulated deficit (160,496,000) (142,676,000)
Total stockholders' equity 26,344,000 42,056,000
Total liabilities and stockholders' equity $ 47,149,000 $ 59,403,000