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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 14,607 $ 20,667
Accounts receivable 300 830
Inventory 10,398 8,073
Deposits on purchased inventory 4,913 3,936
Deferred cost of revenue 10,220 8,782
Prepaid expenses and other current assets 2,209 1,329
Total current assets 42,647 43,617
Property and equipment, net 11,908 7,306
Restricted cash 1,143 943
Intangible assets, net 102 200
Other assets 31 91
TOTAL ASSETS 55,831 52,157
Current liabilities:    
Accounts payable 1,679 4,358
Accrued liabilities 5,618 5,413
Customer deposits 14,300 12,763
Deferred revenue, current portion 12,006 5,616
Total current liabilities 33,603 28,150
Long-term debt, net 44,213 29,016
Deferred revenue 3,656 345
Warrant liability 4,372  
Other long-term liabilities 3,496 1,603
TOTAL LIABILITIES 89,340 59,114
Commitments and contingencies (Note 6)
Stockholders’ deficit:    
Common stock, par value of $0.01 per share; 300,000,000 shares authorized at September 30, 2016 and December 31, 2015; 43,354,677 and 38,204,960 shares issued and outstanding at September 30, 2016 and December 31, 2015 424 372
Preferred stock, par value of $0.01 per share; 10,000,000 shares authorized at September 30, 2016 and December 31, 2015; no shares issued and outstanding at September 30, 2016 and December 31, 2015
Additional paid-in capital 202,737 189,712
Accumulated deficit (236,670) (197,041)
TOTAL STOCKHOLDERS’ DEFICIT (33,509) (6,957)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT $ 55,831 $ 52,157