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
Sep. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 4,151 $ 2,543
Accounts receivable, less allowance of $554 in 2013 and $304 in 2012 10,802 11,680
Inventory, net 11,745 11,142
Prepaid expenses and other current assets 1,062 1,552
Total current assets 27,760 26,917
Property, plant, and equipment, net 1,711 1,509
Intangible assets, net 200 300
Goodwill 2,926 2,926
Deferred tax asset 16 16
Other assets 246 305
Total assets 32,859 31,973
Current liabilities:    
Lines of credit 5,534 1,637
Accounts payable 9,346 7,663
Accrued liabilities 4,484 6,267
Customer deposits 174 582
Deferred revenue, current portion 3,184 3,226
Total current liabilities 22,722 19,375
Deferred tax liabilities 602 663
Other liabilities, long-term 34 141
Total liabilities 23,358 20,179
Commitments and contingencies (Notes 8, 9, and 13)      
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; 36,815 and 33,248 shares issued in 2013 and 2012, respectively; and 34,852 and 31,284 shares outstanding in 2013 and 2012, respectively 37 34
Additional paid-in capital 147,676 140,747
Accumulated other comprehensive loss (297) (320)
Accumulated deficit (121,516) (112,268)
Stockholders' equity excluding treasury stock 25,900 28,193
Treasury stock (cost of 1,964 shares repurchased) (16,399) (16,399)
Total stockholders’ equity 9,501 11,794
Total liabilities and stockholders’ equity $ 32,859 $ 31,973