Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 6,915 $ 11,485
Trade accounts receivable, net of allowance of $22 and $49, respectively 1,620 2,660
Prepaid expenses and other current assets 239 229
Inventories 7,213 9,131
Total current assets 15,987 23,505
Property and equipment, net 889 2,472
Intangible assets, net 3,187 3,687
Goodwill 6,163 6,163
Other long-term assets 35 35
Total assets 26,261 35,862
Current liabilities:    
Accounts payable 658 643
Accrued liabilities 3,183 3,421
Current portion of long-term debt 7,012 16,365
Derivative liabilities, current portion 3,137
Total current liabilities 13,990 20,429
Deferred rent 319 432
Other long-term liabilities 189 171
Derivative liabilities, net of current portion 528 598
Total liabilities 15,026 21,630
Commitments and contingencies (Note 11)
Stockholder's equity:    
Convertible preferred stock, $0.01 par value, 130,000,000 shares authorized; no shares issued and outstanding at December 31, 2016 and 2015
Common stock, $0.01 par value, 250,000,000 shares authorized, 2,280,407 and 907,187 shares issued and outstanding at December 31, 2016 and 2015, respectively 22 9
Additional paid-in capital 222,513 210,760
Accumulated deficit (211,300) (196,537)
Total stockholders’ equity 11,235 14,232
Total liabilities and stockholders’ equity $ 26,261 $ 35,862