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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
CURRENT ASSETS:    
Cash and cash equivalents $ 4,497 $ 4,946
Accounts receivable (net of allowances for doubtful accounts of $2,171and $1,088, respectively) 8,081 7,573
Inventories (net of allowances for obsolescence of $616 and $511, respectively) 5,092 3,859
Other current assets 1,047 820
Total current assets 18,717 17,198
PROPERTY AND EQUIPMENT:    
Equipment 10,682 10,143
Furniture, fixtures & leasehold improvements 3,848 3,682
Property, plant and equipment, gross 14,530 13,825
Less: accumulated depreciation (12,340) (11,969)
Property, plant and equipment, net 2,190 1,856
OTHER ASSETS:    
Goodwill 6,918 6,440
Intangibles (net of accumulated amortization of $2,805 and $1,437, respectively) 10,764 7,966
Other assets 202 102
Assets 38,791 33,562
CURRENT LIABILITIES:    
Accounts payable 2,052 2,609
Accrued compensation 1,121 1,133
Short term debt 0 3,082
Current maturities of long term debt 6,171 3,703
Accrued expenses 3,686 2,782
Deferred revenue 1,171 1,377
Other current liabilities 1,067 1,042
Accrued preferred stock dividend 1,260 600
Total current liabilities 16,528 16,328
LONG TERM LIABILITIES:    
Long term debt less current maturities 0 4,937
Common stock warrant liability 900 0
Other long-term liabilities 1,089 1,249
Total liabilities 18,517 22,514
STOCKHOLDERS’ EQUITY:    
Series A preferred stock, $.01 par value, 15,000,000 shares authorized, 2,586,205 shares issued and outstanding, respectively 26 26
Common stock, $.01 par value, 150,000,000 shares authorized, 71,645,725 and 49,625,725 shares issued and outstanding, respectively 721 501
Additional paid-in capital 170,881 152,987
Accumulated other comprehensive income 435 336
Accumulated deficit (151,789) (142,802)
Total stockholders’ equity 20,274 11,048
Liabilities and equity $ 38,791 $ 33,562