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Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 58,757 $ 67,212
Accounts receivable, net of allowances of $4,591 and $4,329 at March 31, 2017 and December 31, 2016, respectively 2,734 3,082
Inventories, net 17,199 18,484
Insurance recovery receivable 73 9,375
Prepaid expenses and other current assets 2,356 1,852
Total current assets 81,119 100,005
Property and equipment, net 3,071 2,986
Goodwill 4,878 4,878
Other intangible assets, net 5,759 6,186
Other assets 1,226 228
Total assets 96,053 114,283
Current liabilities:    
Accounts payable 2,684 3,555
Accrued and other current liabilities 8,362 6,507
Legal settlement payable   10,900
Customer deposits 6,894 6,559
Total current liabilities 17,940 27,521
Warranty reserve and other long-term liabilities 3,847 3,145
Total liabilities 21,787 30,666
Commitments and contingencies (Note 12)
Stockholders’ equity:    
Preferred stock, $0.01 par value – Authorized 10,000,000 shares; none issued or outstanding
Common stock, $0.01 par value — Authorized 200,000,000 shares; issued 19,084,774 and 18,671,409 and outstanding 19,012,047 and 18,598,682 shares at March 31, 2017 and December 31, 2016 respectively 190 186
Additional paid-in capital 301,200 299,133
Treasury stock, at cost (72,727 shares at March 31, 2017 and December 31, 2016) (260) (260)
Accumulated deficit (226,864) (215,442)
Total stockholders’ equity 74,266 83,617
Total liabilities and stockholders’ equity $ 96,053 $ 114,283