XML 32 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
CURRENT ASSETS:    
Cash and cash equivalents $ 880 $ 1,626
Accounts receivable, net 7,506 5,314
Inventories, net 3,590 3,957
Other current assets 1,714 938
Total current assets 13,690 11,835
PROPERTY AND EQUIPMENT:    
Equipment 11,372 11,255
Furniture, fixtures & leasehold improvements 3,874 3,874
Property, Plant and Equipment, Gross 15,246 15,129
Less: accumulated depreciation (13,594) (13,126)
Property, Plant and Equipment, Net 1,652 2,003
OTHER ASSETS:    
Goodwill 6,918 6,918
Intangibles, net 8,312 9,195
Other assets 276 327
Assets 30,848 30,278
CURRENT LIABILITIES:    
Current maturities of long-term debt 1,383 242
Accounts payable 3,379 2,860
Accrued compensation 1,075 1,330
Accrued expenses 1,960 2,037
Deferred revenue 945 1,088
Other liabilities 1,068 1,068
Total current liabilities 9,810 8,625
LONG TERM LIABILITIES:    
Long-term debt, less current maturities 5,611 6,318
Common stock warrant liability 400 600
Accrued preferred stock dividend 2,825 1,986
Other long-term liabilities 1,969 1,303
Total liabilities 20,615 18,832
STOCKHOLDERS’ EQUITY:    
Preferred stock, $0.01 par value, 15,000,000 shares authorized, 4,029,502 and 2,586,205 shares issued and outstanding, respectively 40 26
Common stock, $0.01 par value, 150,000,000 shares authorized, 7,353,695 and 7,353,695 shares issued and outstanding, respectively (1) 73 [1] 73 [1]
Additional paid-in capital (1) 187,231 [1] 179,459 [1]
Accumulated other comprehensive income 379 390
Accumulated deficit (177,490) (168,502)
Total stockholders’ equity 10,233 11,446
Liabilities and equity $ 30,848 $ 30,278
[1] The shares of common stock and additional paid-in capital for all periods presented reflect the one-for-twelve reverse stock split that took effect on January 27, 2014.