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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 5,729 $ 20,667
Accounts receivable   830
Inventory 11,916 8,073
Deposits on purchased inventory 3,552 3,936
Deferred cost of revenue 3,895 8,782
Prepaid expenses and other current assets 1,371 1,329
Total current assets 26,463 43,617
Property and equipment, net 11,413 7,306
Restricted cash 943 943
Intangible assets, net 154 200
Other assets 92 91
TOTAL ASSETS 39,065 52,157
Current liabilities:    
Accounts payable 6,655 4,358
Accrued liabilities 5,109 5,413
Customer deposits 9,390 12,763
Deferred revenue, current portion 5,889 5,616
Total current liabilities 27,043 28,150
Long-term debt 29,091 29,016
Deferred revenue, net of current portion 429 345
Other long-term liabilities 2,263 1,603
TOTAL LIABILITIES $ 58,826 $ 59,114
Commitments and contingencies (Note 6)
Stockholders’ deficit:    
Common stock, par value of $0.01 per share; 300,000,000 shares authorized at March 31, 2016 (unaudited) and December 31, 2015; 38,216,523 and 38,204,960 shares issued and outstanding at March 31, 2016 (unaudited) and December 31, 2015 $ 372 $ 372
Additional paid-in capital 190,276 189,712
Accumulated deficit (210,409) (197,041)
TOTAL STOCKHOLDERS’ DEFICIT (19,761) (6,957)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT $ 39,065 $ 52,157