|
Consolidated Balance Sheets (USD $)
|
Dec. 31, 2013
|
Dec. 31, 2012
|
| Current assets: |
|
|
| Cash |
$ 12,449,000 |
$ 10,390,000 |
| Accounts receivable, net |
11,926,000 |
13,902,000 |
| Costs in excess of billings on uncompleted contracts |
4,556,000 |
5,288,000 |
| Inventory, net |
6,715,000 |
5,711,000 |
| Deferred costs on uncompleted contracts |
1,421,000 |
896,000 |
| Other current assets |
1,270,000 |
2,130,000 |
| Total current assets |
38,337,000 |
38,317,000 |
| Property and equipment, net |
3,084,000 |
3,991,000 |
| Goodwill |
1,867,000 |
0 |
| Other intangibles, net |
480,000 |
0 |
| Total assets |
43,768,000 |
42,308,000 |
| Current liabilities: |
|
|
| Line of credit |
|
6,498,000 |
| Accounts payable |
14,059,000 |
15,951,000 |
| Accrued liabilities |
3,611,000 |
5,156,000 |
| Billings in excess of costs on uncompleted contracts |
395,000 |
2,975,000 |
| Term loan |
2,000,000 |
|
| Related party debt |
4,150,000 |
6,850,000 |
| Deferred revenue and other current liabilities |
787,000 |
510,000 |
| Total current liabilities |
25,002,000 |
37,940,000 |
| Accrued liabilities |
446,000 |
443,000 |
| Common stock warrant liability |
15,071,000 |
|
| Total liabilities |
40,519,000 |
38,383,000 |
| Commitments and contingencies |
|
|
| Shareholders' equity: |
|
|
| Preferred stock, par value $.0001 per share; 50,000,000 shares authorized; no shares issued and outstanding |
|
|
| Additional paid-in capital |
92,808,000 |
82,185,000 |
| Accumulated deficit |
(89,563,000) |
(78,263,000) |
| Total shareholders' equity |
3,249,000 |
3,925,000 |
| Total liabilities and shareholders' equity |
43,768,000 |
42,308,000 |
|
Common Class A
|
|
|
| Shareholders' equity: |
|
|
| Common stock |
$ 4,000 |
$ 3,000 |