|
CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified
|
Dec. 31, 2014
|
Dec. 31, 2013
|
| ASSETS |
|
|
| Cash and cash equivalents |
$ 27,999 |
$ 20,395 |
| Restricted cash |
1,511 |
1,519 |
| Accounts receivable, net of allowance of $213 and $142 in 2014 and 2013, respectively |
504 |
423 |
| Income tax receivable |
4 |
4 |
| Inventories, net |
10,591 |
13,988 |
| Prepaid expenses and other current assets |
3,069 |
3,061 |
| Deferred Commissions |
4,544 |
2,706 |
| Deferred tax assets, net |
1,141 |
1,578 |
| Total current assets |
49,363 |
43,674 |
| Property and equipment, net |
2,481 |
3,170 |
| Construction in progress |
1,622 |
69 |
| Long-term restricted cash |
7,045 |
4,254 |
| Other assets |
3,567 |
3,591 |
| Long-term deferred tax assets, net |
3,320 |
1,303 |
| Total assets |
67,398 |
56,061 |
| LIABILITIES AND SHAREHOLDERS' EQUITY |
|
|
| Current portion of capital leases |
901 |
704 |
| Accounts payable |
4,252 |
4,996 |
| Accrued expenses |
6,356 |
5,796 |
| Commissions and incentives payable |
7,908 |
10,210 |
| Taxes payable |
2,578 |
1,858 |
| Current deferred tax liability |
123 |
114 |
| Deferred revenue |
10,890 |
6,380 |
| Total current liabilities |
33,008 |
30,058 |
| Capital leases, excluding current portion |
852 |
450 |
| Long-term deferred tax liabilities |
26 |
9 |
| Other long-term liabilities |
2,136 |
2,092 |
| Total liabilities |
36,022 |
32,609 |
| Commitments and contingencies |
|
|
| Shareholders' equity: |
|
|
| Preferred stock, $0.01 par value, 1,000,000 shares authorized, no shares issued or outstanding |
0 |
0 |
| Common stock, $0.0001 par value, 99,000,000 shares authorized, 2,773,972 shares issued and 2,676,077 shares outstanding as of December 31, 2014 and 2,773,972 shares issued and 2,653,913 shares outstanding as of December 31, 2013 |
0 |
0 |
| Additional paid-in capital |
40,672 |
42,592 |
| Retained earnings (deficit) |
2,750 |
(3,746) |
| Accumulated other comprehensive loss |
(109) |
(743) |
| Treasury stock, at average cost, 97,895 shares as of December 31, 2014 and 120,059 shares as of December 31, 2013, respectively |
(11,937) |
(14,651) |
| Total shareholders' equity |
31,376 |
23,452 |
| Total liabilities and shareholders' equity |
$ 67,398 |
$ 56,061 |