Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.3.1.900
Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 11,699,000 $ 31,560,000
Restricted cash 200,000 0
Accounts receivable, less allowance of $1,765 and $1,711 in 2015 and 2014, respectively 8,948,000 9,004,000
Inventory, net 12,566,000 12,508,000
Prepaid expenses and other current assets 1,387,000 1,726,000
Total current assets 34,800,000 54,798,000
Property, plant, and equipment, net 3,727,000 1,295,000
Intangible assets, net 51,000 114,000
Goodwill 2,926,000 2,926,000
Other assets 747,000 270,000
Total assets 42,251,000 59,403,000
Current liabilities:    
Accounts payable 5,960,000 8,357,000
Accrued liabilities 5,906,000 5,188,000
Customer deposits 85,000 112,000
Deferred revenue, current portion 3,155,000 2,494,000
Total current liabilities 15,106,000 16,151,000
Deferred income taxes, net 738,000 677,000
Deferred revenue, long-term 142,000  
Capital lease obligation, long-term 159,000  
Warranty accrual, long-term 843,000 519,000
Other liabilities, long-term 338,000  
Total liabilities $ 17,326,000 $ 17,347,000
Commitments and contingencies (Note 7)
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,58,228 and 58,115 shares issued and outstanding in 2015 and 2014, respectively $ 58,000 $ 58,000
Additional paid-in capital 188,622,000 185,231,000
Accumulated other comprehensive loss (801,000) (557,000)
Accumulated deficit (162,954,000) (142,676,000)
Total stockholders' equity 24,925,000 42,056,000
Total liabilities and stockholders' equity $ 42,251,000 $ 59,403,000