Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.7.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 8,924,000 $ 11,699,000
Restricted cash 251,000 200,000
Accounts receivable, less allowance of $1,209 and $1,765 in 2016 and 2015, respectively 9,784,000 8,948,000
Inventory, net 13,523,000 12,566,000
Prepaid expenses and other current assets 1,505,000 1,387,000
Total current assets 33,987,000 34,800,000
Property, plant, and equipment, net 4,478,000 3,727,000
Intangible assets, net   51,000
Goodwill 2,926,000 2,926,000
Other assets 550,000 747,000
Total assets 41,941,000 42,251,000
Current liabilities:    
Accounts payable 9,125,000 5,960,000
Accrued liabilities 5,778,000 5,906,000
Customer deposits 101,000 85,000
Deferred revenue, current portion 3,010,000 3,155,000
Total current liabilities 18,014,000 15,106,000
Deferred income taxes, net 798,000 738,000
Deferred revenue, long-term 23,000 142,000
Capital lease obligation, long-term 0 159,000
Warranty accrual, long-term 773,000 843,000
Other liabilities, long-term 268,000 338,000
Total liabilities 19,876,000 17,326,000
Commitments, contingencies and subsequent events (Notes 6 and 10)
Stockholders' equity:    
Preferred stock, par value $0.001; 1,000 shares authorized, 88 and 0 shares issued in 2016 and 2015, respectively; no shares outstanding in 2016 and 2015, respectively
Common stock, par value $0.001; 100,000 shares authorized, 67,566 and 58,228 shares issued and outstanding in 2016 and 2015, respectively 68,000 58,000
Additional paid-in capital 201,198,000 188,622,000
Accumulated other comprehensive loss (876,000) (801,000)
Accumulated deficit (178,325,000) (162,954,000)
Total stockholders' equity 22,065,000 24,925,000
Total liabilities and stockholders' equity $ 41,941,000 $ 42,251,000