Quarterly report pursuant to Section 13 or 15(d) 03-31-2016

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 7,943 $ 11,485
Trade accounts receivable, net of allowance of $28 and $49, respectively 1,848 2,660
Prepaid expenses and other current assets 705 229
Inventories, net 8,492 9,131
Total current assets 18,988 23,505
Property and equipment, net 2,333 2,472
Intangible assets, net 3,562 3,687
Goodwill 6,163 6,163
Other long-term assets 35 35
Total assets 31,081 35,862
Current liabilities:    
Accounts payable 982 643
Accrued liabilities 3,203 3,421
Current portion of long-term debt 14,785 16,365
Total current liabilities 18,970 20,429
Deferred rent 405 432
Other long-term liabilities 169 171
Derivative liabilities 604 598
Stockholders’ equity:    
Common stock, $0.01 par value; 250,000,000 shares authorized; 11,422,636 and 10,886,248 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively 114 109
Additional paid-in capital 210,744 210,660
Accumulated deficit (199,925) (196,537)
Total stockholders’ equity 10,933 14,232
Total liabilities and stockholders’ equity $ 31,081 $ 35,862