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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 9,429 $ 20,667
Accounts receivable 1,710 830
Inventory 11,193 8,073
Deposits on purchased inventory 2,877 3,936
Deferred cost of revenue 7,545 8,782
Prepaid expenses and other current assets 1,783 1,329
Total current assets 34,537 43,617
Property and equipment, net 12,238 7,306
Restricted cash 943 943
Intangible assets, net 120 200
Other assets 31 91
TOTAL ASSETS 47,869 52,157
Current liabilities:    
Accounts payable 5,957 4,358
Accrued liabilities 5,154 5,413
Customer deposits 11,950 12,763
Deferred revenue, current portion 8,644 5,616
Total current liabilities 31,705 28,150
Long-term debt, net 44,135 29,016
Deferred revenue 302 345
Other long-term liabilities 2,812 1,603
TOTAL LIABILITIES 78,954 59,114
Commitments and contingencies (Note 6)
Preferred stock, par value $0.01 per share; 10,000,000 shares authorized at June 30, 2016 (unaudited) and December 31, 2015; no shares issued and outstanding at June 30, 2016 (unaudited) and December 31, 2015
Stockholders’ deficit:    
Common stock, par value of $0.01 per share; 300,000,000 shares authorized at June 30, 2016 (unaudited) and December 31, 2015; 38,362,134 and 38,204,960 shares issued and outstanding at June 30, 2016 (unaudited) and December 31, 2015 374 372
Additional paid-in capital 191,065 189,712
Accumulated deficit (222,524) (197,041)
TOTAL STOCKHOLDERS’ DEFICIT (31,085) (6,957)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT $ 47,869 $ 52,157