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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
CURRENT ASSETS:    
Cash and cash equivalents $ 2,639 $ 3,454
Accounts receivable (net of allowances for bad debts of $1,387 and $334, respectively) 7,194 7,601
Inventories (net of allowances for obsolescence of $520 and $518, respectively) 3,309 3,344
Other current assets 860 635
Total current assets 14,002 15,034
PROPERTY AND EQUIPMENT:    
Equipment 10,118 9,820
Furniture, fixtures & leasehold improvements 3,723 3,479
Property, Plant and Equipment, Gross 13,841 13,299
Less: accumulated depreciation (12,070) (11,697)
Property, Plant and Equipment, Net 1,771 1,602
OTHER ASSETS:    
Goodwill 6,275 6,275
Intangibles (net of accumulated amortization of $843 and $519, respectively) 8,522 8,962
Other assets 130 154
Assets 30,700 32,027
CURRENT LIABILITIES:    
Accounts payable 1,400 1,360
Accrued compensation 1,006 875
Short term debt and current maturities of long term debt 1,728 989
Accrued liabilities 3,681 3,231
Contractual obligation 1,573 1,628
Current portion of lease obligations 217 170
Preferred stock dividend payable 300 0
Total current liabilities 9,905 8,253
LONG TERM LIABILITIES:    
Long term debt less current maturities 7,406 8,640
Preferred stock conversion feature 7,600 1,983
Preferred stock warrant liability 3,000 2,351
Other long-term liabilities 1,008 843
Total liabilities 28,919 22,070
Redeemable Series A convertible preferred stock, $.01 par value, 3,879,307 shares authorized, 2,586,205 shares issued and outstanding 1,670 1,457
STOCKHOLDERS’ EQUITY:    
Preferred stock, $.01 par value, 15,000,000 shares authorized, 2,586,205 shares issued and outstanding 0 0
Common stock, $.01 par value, 100,000,000 shares authorized, 49,299,672 and 49,289,672 shares issued and outstanding, respectively 498 498
Additional paid-in capital 140,502 139,730
Accumulated other comprehensive income 1,731 1,589
Accumulated deficit (142,620) (133,317)
Total stockholders’ equity 111 8,500
Liabilities and Equity $ 30,700 $ 32,027