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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
CURRENT ASSETS:    
Cash and cash equivalents $ 19,291 $ 4,946
Accounts receivable, net 6,704 7,573
Inventories, net 4,014 3,859
Other current assets 1,028 820
Total current assets 31,037 17,198
PROPERTY AND EQUIPMENT:    
Equipment 10,277 10,143
Furniture, fixtures & leasehold improvements 3,711 3,682
Property, Plant and Equipment, Gross 13,988 13,825
Less: accumulated depreciation (12,112) (11,969)
Property, Plant and Equipment, Net 1,876 1,856
OTHER ASSETS:    
Goodwill 6,440 6,440
Intangibles, net 7,691 7,966
Other assets 140 102
Assets 47,184 33,562
CURRENT LIABILITIES:    
Accounts payable 1,567 2,609
Accrued compensation 1,047 1,133
Short term debt 0 3,082
Current maturities of long term debt 7,294 3,703
Accrued expenses 3,593 3,839
Other Liabilities 1,042 1,042
Current portion of lease obligations 316 320
Accrued preferred stock dividend 765 600
Total current liabilities 15,624 16,328
LONG TERM LIABILITIES:    
Long term debt less current maturities 1,345 4,937
Common stock warrant liability 3,100 0
Other long-term liabilities 1,211 1,249
Total liabilities 21,280 22,514
STOCKHOLDERS’ EQUITY (DEFICIT):    
Series A preferred stock, $.01 par value, 15,000,000 shares authorized, 2,586,205 shares issued and outstanding 26 26
Common stock, $.01 par value, 100,000,000 shares authorized, 71,645,725 and 49,625,725 shares issued and outstanding, respectively 721 501
Additional paid-in capital 170,423 152,987
Accumulated other comprehensive income 397 336
Accumulated deficit (145,663) (142,802)
Total stockholders’ equity (deficit) 25,904 11,048
Liabilities and Equity $ 47,184 $ 33,562