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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash $ 22,978 $ 14,581
Accounts receivable (net of allowance for doubtful accounts of $225 and $68, respectively) 17,093 10,919
Inventory 3,488 1,379
Other current assets 1,164 464
Total current assets 44,723 27,343
Property and equipment, net 3,875 4,049
Intangible assets 0 2,917
Total assets 48,598 34,309
Current liabilities:    
Accounts payable 6,535 7,588
Accrued expenses 4,523 3,603
Warrant liabilities 757 757
Current portion of term loan credit agreement, net of deferred costs of $110 779 0
Other 259 160
Total current liabilities 12,853 12,108
Revolving and term loan credit agreement, net of deferred costs of $293 9,318 0
Long term deferred rent 1,687 0
Other long term debt 32 71
Total liabilities 23,890 12,179
COMMITMENTS AND CONTINGENCIES (Note 17)
Shareholders’ equity:    
Common stock, no par value; shares authorized — 75,000; shares issued and outstanding — 31,595 and 23,789, respectively 329,720 307,766
Treasury stock — 0 and 1,250 shares, respectively 0 (3,150)
Warrants 190 0
Accumulated deficit 343,591 324,025
Total shareholders’ equity 24,708 22,130
Total liabilities and shareholders’ equity 48,598 34,309
Series A    
Shareholders’ equity:    
Preferred stock 0 3,150
Series B-2    
Shareholders’ equity:    
Preferred stock $ 38,389 $ 38,389