|
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified
|
Mar. 31, 2012
|
Dec. 31, 2011
|
| ASSETS |
|
|
| Cash and cash equivalents |
$ 4,048 |
$ 9,591 |
| Restricted cash |
500 |
587 |
| Receivables, net of allowance for bad debts of $180 and $81 as of 3/31/12 and 12/31/11, respectively |
5,106 |
3,124 |
| Inventory |
22,781 |
15,497 |
| Prepaid expenses and other current assets |
1,070 |
732 |
| Total current assets |
33,505 |
29,531 |
| Property and equipment, net |
15,600 |
16,630 |
| Other Assets |
224 |
147 |
| Goodwill |
3,496 |
3,496 |
| Intangible assets, net |
809 |
709 |
| TOTAL ASSETS |
53,634 |
50,513 |
| LIABILITIES AND STOCKHOLDERS' EQUITY |
|
|
| Accounts payable |
5,763 |
10,939 |
| Accrued legal fees |
327 |
125 |
| Accrued payroll |
1,130 |
793 |
| Unearned revenue, current portion |
14,247 |
11,078 |
| Warranty reserves |
511 |
577 |
| Current portion of long term debt |
0 |
1,647 |
| Accrued liabilities, other |
2,183 |
2,439 |
| Total current liabilities |
24,161 |
27,598 |
| Long term portion of unearned revenue |
197 |
121 |
| Long term portion of convertible note, less unamortized discount of $120 as of 3/31/12 |
4,880 |
109 |
| Other Long term debt |
188 |
0 |
| TOTAL LIABILITIES |
29,426 |
27,828 |
| Stockholders' equity: |
|
|
| Series A Convertible Preferred stock, $0.001 par value, 200,000 shares authorized, 6,330 shares issued and outstanding as of 3/31/12 and 12/31/11 |
6 |
6 |
| Common stock, $0.001 par value, 1,300,000 shares authorized, 23,915 shares issued and outstanding as of 3/31/12 and 12/31/11 |
24 |
24 |
| Additional paid-in capital |
127,766 |
127,488 |
| Accumulated deficit |
(103,510) |
(104,759) |
| Accumulated foreign currency translation adjustments |
(78) |
(74) |
| TOTAL STOCKHOLDERS' EQUITY |
24,208 |
22,685 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |
$ 53,634 |
$ 50,513 |