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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash $ 9,835 $ 14,581
Accounts receivable (net of allowance for doubtful accounts of $54 and $68, respectively) 9,031 10,919
Inventory 2,393 1,379
Other current assets 1,046 464
Total current assets 22,305 27,343
Property and equipment, net 4,351 4,049
Intangible assets, net 2,778 2,917
Total assets 29,434 34,309
Current liabilities:    
Accounts payable 5,305 7,588
Accrued expenses 2,892 3,603
Revolving credit agreement, net of deferred costs of $96 2,304 0
Warrant liabilities 455 757
Short-term deferred rent 460 118
Other 39 42
Total current liabilities 11,455 12,108
Long-term deferred rent 820 0
Long term debt 52 71
Total liabilities 12,327 12,179
COMMITMENTS AND CONTINGENCIES (Note 13)
Shareholders' equity:    
Common stock, no par value; shares authorized — 75,000; shares issued and outstanding — 22,684 and 23,789, respectively 309,437 307,766
Treasury stock — 1,250 shares (3,150) (3,150)
Accumulated deficit 330,719 324,025
Total shareholders’ equity 17,107 22,130
Total liabilities and shareholders’ equity 29,434 34,309
Series A Non-voting Convertible Preferred Stock    
Shareholders' equity:    
Series B-2 voting convertible preferred stock, no par value: shares authorized and reserved — 39, shares issued and outstanding — 12 3,150 3,150
Series B Non-voting Convertible Preferred Stock    
Shareholders' equity:    
Series B-2 voting convertible preferred stock, no par value: shares authorized and reserved — 39, shares issued and outstanding — 12 $ 38,389 $ 38,389