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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash $ 19,847 $ 22,978
Accounts receivable (net of allowance for doubtful accounts of $249 and $225, respectively) 12,127 17,093
Inventory 3,958 3,488
Other current assets 1,018 1,164
Total current assets 36,950 44,723
Property and equipment, net 3,638 3,875
Total assets 40,588 48,598
Current liabilities:    
Accounts payable 6,335 6,535
Accrued expenses 6,030 4,523
Current portion of term loan credit agreement, net of deferred costs of $110 1,446 779
Warrant liabilities 650 757
Other 291 259
Total current liabilities 14,752 12,853
Revolving and term loan credit agreement, net of deferred costs of $265 and $293, respectively 1,632 1,687
Long term deferred rent 8,679 9,318
Other long term debt 21 32
Total liabilities 25,084 23,890
COMMITMENTS AND CONTINGENCIES (Note 13)
Shareholders’ equity:    
Common stock, no par value; shares authorized — 75,000; shares issued and outstanding — 32,724 and 31,595, respectively 368,683 329,720
Warrants 190 190
Accumulated deficit 353,369 343,591
Total shareholders’ equity 15,504 24,708
Total liabilities and shareholders’ equity 40,588 48,598
Series B-2    
Shareholders’ equity:    
Preferred stock $ 0 $ 38,389