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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
CURRENT ASSETS:    
Cash and cash equivalents $ 1,626 $ 4,497
Accounts receivable (net of allowances for doubtful accounts of $3,838 and $2,171, respectively) 5,314 8,081
Inventories (net of allowances of $799 and $616, respectively) 3,957 5,092
Other current assets 938 1,047
Total current assets 11,835 18,717
PROPERTY AND EQUIPMENT:    
Equipment 11,255 10,682
Furniture, fixtures & leasehold improvements 3,874 3,848
Property, plant and equipment, gross 15,129 14,530
Less: accumulated depreciation (13,126) (12,340)
Property, plant and equipment, net 2,003 2,190
OTHER ASSETS:    
Goodwill 6,918 6,918
Intangibles (net of accumulated amortization of $4,598 and $2,805, respectively) 9,195 10,764
Other assets 327 202
Assets 30,278 38,791
CURRENT LIABILITIES:    
Accounts payable 2,860 2,052
Accrued compensation 1,330 1,121
Current maturities of long term debt 242 6,171
Accrued expenses 2,037 3,686
Deferred revenue 1,088 1,171
Other current liabilities 1,068 1,067
Total current liabilities 8,625 15,268
LONG TERM LIABILITIES:    
Long term debt less current maturities 6,318 0
Common stock warrant liability 600 900
Other long-term liabilities 1,303 1,089
Accrued preferred stock dividend 1,986 1,260
Total liabilities 18,832 18,517
STOCKHOLDERS’ EQUITY:    
Series A preferred stock, $.01 par value, 15,000,000 shares authorized, 2,586,205 shares issued and outstanding, respectively 26 26
Common stock, $.01 par value, 150,000,000 shares authorized, 7,353,695 and 5,970,477 shares issued and outstanding, respectively 73 [1] 64 [1]
Additional paid-in capital 179,459 [1] 171,538 [1]
Accumulated other comprehensive income 390 435
Accumulated deficit (168,502) (151,789)
Total stockholders’ equity 11,446 20,274
Liabilities and equity $ 30,278 $ 38,791
[1] The common stock shares and additional paid-in capital for all periods presented reflect the one-for-twelve reverse stock split which took effect on January 27, 2014.