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, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 2,759 $ 1,440
Accounts receivable, less allowance of $1,227 in 2014 and $573 in 2013 9,264 11,127
Inventory, net 11,799 11,378
Prepaid expenses and other current assets 1,288 1,909
Total current assets 25,110 25,854
Property, plant, and equipment, net 1,467 1,826
Intangible assets, net 131 183
Goodwill 2,926 2,926
Other assets 268 249
Total assets 29,902 31,038
Current liabilities:    
Lines of credit   4,633
Accounts payable 9,535 8,560
Accrued liabilities 5,697 4,997
Customer deposits 111 285
Deferred revenue, current portion 2,431 3,464
Total current liabilities 17,774 21,939
Deferred income taxes 662 617
Deferred revenue, long-term   1
Warranty accrual, long-term 367  
Total liabilities 18,803 22,557
Commitments, contingencies and subsequent event (Notes 8, 9, and 13)      
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 and 50,000 shares authorized in 2014 and 2013, respectively; 43,952 and 37,336 shares issued in 2014 and 2013, respectively; 43,952 and 35,372 shares outstanding in 2014 and 2013, respectively 44 38
Additional paid-in-capital 150,081 148,866
Accumulated other comprehensive loss (455) (274)
Accumulated deficit (138,571) (123,750)
Stockholders' Equity before Treasury Stock 11,099 24,880
Treasury stock (Note 3)   (16,399)
Total stockholders' equity 11,099 8,481
Total liabilities and stockholders' equity $ 29,902 $ 31,038