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CLEARONE COMMUNICATIONS, INC. AND SUBSIDIARIES - CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 12,396 $ 11,431
Accounts and other receivables, net 8,924 9,951
Inventories 10,212 8,780
Deferred income taxes 2,975 3,389
Prepaid expenses and other assets 699 446
Total current assets 35,206 33,997
Long-term inventory, net 2,025 2,617
Property and equipment, net 2,755 2,965
Intangibles, net 2,569 2,745
Goodwill 726 726
Deferred income taxes 1,062 913
Other assets 18 18
Total assets 44,361 43,981
Current liabilities:    
Accounts payable 2,248 2,362
Accrued liabilities 2,702 4,573
Deferred revenue 3,753 4,306
Total current liabilities 8,703 11,241
Deferred rent 534 584
Other long-term liabilities 456 421
Total liabilities 9,693 12,246
Shareholders' equity:    
Common stock, par value $0.001; authorized: 50,000,000 shares; issued and outstanding: 9,058,206 as of June 30, 2011 and 8,929,439 as of December 31, 2010 9 9
Additional paid-in capital 39,873 39,073
Accumulated deficit (5,214) (7,347)
Total shareholders' equity 34,668 31,735
Total liabilities and shareholders' equity $ 44,361 $ 43,981