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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2014
Accounting Policies [Abstract]  
Activity of Allowance for Doubtful Accounts

The following table shows the activity of the allowance for doubtful accounts:

 

 

     June 30,
2014
     December 31,
2013
 
     (in thousands)  

Beginning balance

   $ 50       $ 286   

Charges to costs and expenses

     53         24   

Accounts charged off, less recoveries

     —           (260
  

 

 

    

 

 

 

Ending balance

   $ 103       $ 50   
  

 

 

    

 

 

 
Inventories

Inventories are composed of the following:

 

 

     June 30,
2014
     December 31,
2013
 
     (in thousands)  

Raw materials

   $ 16,185       $ 18,651   

Work in progress

     5,155         10,337   

Finished goods

     2,024         5,324   
  

 

 

    

 

 

 
   $ 23,364       $ 34,312   
  

 

 

    

 

 

 
Property and Equipment

Property and equipment consisted of the following:

 

     June 30,
2014
    December 31,
2013
 
     (in thousands)  

Land and land improvements

   $ 4,133      $ 4,133   

Buildings

     32,461        32,269   

Machinery, equipment and tooling

     123,994        121,313   

Leasehold improvements

     7,640        7,696   

Furniture and fixtures

     948        949   

Information systems

     1,089        1,077   

Construction in progress

     5,944        5,221   
  

 

 

   

 

 

 

Total cost

     176,209        172,658   

Accumulated depreciation and amortization

     (63,349     (57,438
  

 

 

   

 

 

 

Property and equipment, net

   $ 112,860      $ 115,220   
  

 

 

   

 

 

 
Anti-Dilutive Securities Excluded from Calculation of Diluted Net Loss Per Share

At June 30, 2014 and 2013, the Company had the following anti-dilutive securities outstanding which were excluded from the calculation of diluted net loss per share:

 

     June 30,
2014
     June 30,
2013
 

Warrants

     170,323         133,718   

Stock options

     354,793         254,350   
  

 

 

    

 

 

 

Total

     525,116         388,068   
  

 

 

    

 

 

 
Components of Comprehensive Loss

The following table summarizes the components of comprehensive loss:

 

     June 30,
2014
    December 31,
2013
 
     (in thousands)  

Unrealized loss on investments

   $ (469   $ (406

Unrealized loss on currency translation

     (11     (12
  

 

 

   

 

 

 

Ending Balance

   $ (480   $ (418