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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
ASSETS    
Cash and cash equivalents $ 24,489 $ 24,762
Restricted cash 943 943
Accounts receivable, net of allowance of $717 and $708 in 2020 and 2019, respectively 271 955
Income tax receivable 1,243 220
Inventories, net 11,545 10,152
Prepaid expenses and other current assets 2,947 2,239
Deferred commissions 1,789 1,758
Total current assets 43,227 41,029
Property and equipment, net 4,871 5,261
Construction in progress 973 865
Long-term restricted cash 4,993 5,295
Other assets 9,634 9,592
Long-term deferred tax assets, net 1,013 881
Total assets 64,711 62,923
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Current portion of finance leases 80 87
Accounts payable 4,929 3,526
Accrued expenses 6,573 8,209
Commissions and incentives payable 10,233 9,728
Taxes payable 1,944 2,187
Current notes payable 1,039 739
Deferred revenue 5,223 4,416
Total current liabilities 30,021 28,892
Finance leases, excluding current portion 187 176
Deferred tax liabilities 3 3
Long-term notes payable 228 363
Other long-term liabilities 5,937 6,214
Total liabilities 36,376 35,648
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, 2,742,857 shares issued and 2,389,206 shares outstanding as of March 31, 2020 and 2,742,857 shares issued and 2,381,131 shares outstanding as of December 31, 2019 0 0
Additional paid-in capital 34,063 34,143
Retained earnings (accumulated deficit) 1,797 (690)
Accumulated other comprehensive income 2,123 3,757
Treasury stock, at average cost, 353,651 shares as of March 31, 2020 and 361,726 shares as of December 31, 2019 (9,648) (9,935)
Total shareholders’ equity 28,335 27,275
Total liabilities and shareholders’ equity $ 64,711 $ 62,923