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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2014
Accounting Policies [Abstract]  
Activity of Allowance for Doubtful Accounts

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

 

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

Beginning balance

   $ 50      $ 286   

Charges to costs and expenses

     27        24   

Accounts charged off, less recoveries

     (15     (260
  

 

 

   

 

 

 

Ending balance

   $ 62      $ 50   
  

 

 

   

 

 

 

Inventories

Inventories are composed of the following:

 

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

Raw materials

   $ 15,377       $ 18,651   

Work in progress

     5,695         10,337   

Finished goods

     1,988         5,324   
  

 

 

    

 

 

 
   $ 23,060       $ 34,312   
  

 

 

    

 

 

 

Property and Equipment

Property and equipment consisted of the following:

 

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

Land and land improvements

   $ 4,133       $ 4,133   

Buildings

     32,482         32,269   

Machinery, equipment and tooling

     125,051         121,313   

Leasehold improvements

     7,640         7,696   

Furniture and fixtures

     961         949   
     September 30,
2014
    December 31,
2013
 
     (in thousands)  

Information systems

     1,095        1,077   

Construction in progress

     5,275        5,221   
  

 

 

   

 

 

 

Total cost

     176,637        172,658   

Accumulated depreciation and amortization

     (66,290     (57,438
  

 

 

   

 

 

 

Property and equipment, net

   $ 110,347      $ 115,220   
  

 

 

   

 

 

 

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

At September 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:

 

     September 30,
2014
     September 30,
2013
 

Warrants

     117,522         170,518   

Stock options

     142,104         316,730   
  

 

 

    

 

 

 
     259,626         487,248   
  

 

 

    

 

 

 
Components of Comprehensive Income (Loss)

The following table summarizes the components of comprehensive income (loss):

 

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

Unrealized gain (loss) on investments, net of taxes

   $ 133      $ (406

Unrealized loss on currency translation

     (13     (12
  

 

 

   

 

 

 

Ending Balance

   $ 120      $ (418