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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash $ 14,041 $ 22,978
Accounts receivable (net of allowance for doubtful accounts of $108 and $225, respectively) 14,729 17,093
Inventory 3,155 3,488
Other current assets 1,116 1,164
Total current assets 33,041 44,723
Property and equipment, net 3,493 3,875
Total assets 36,534 48,598
Current liabilities:    
Accounts payable 6,272 6,535
Accrued expenses 4,135 4,523
Current portion of term loan credit agreement, net of deferred costs of $110 2,112 779
Warrant liabilities 209 757
Other 215 259
Total current liabilities 12,943 12,853
Long term deferred rent 8,040 9,318
Revolving and term loan credit agreement, net of deferred costs of $238 and $293, respectively 1,567 1,687
Other long term debt 11 32
Total liabilities 22,561 23,890
COMMITMENTS AND CONTINGENCIES (Note 13)
Shareholders’ equity:    
Common stock, no par value; shares authorized — 75,000; shares issued and outstanding — 32,768 and 31,595, respectively 369,540 329,720
Warrants 190 190
Accumulated deficit 355,757 343,591
Total shareholders’ equity 13,973 24,708
Total liabilities and shareholders’ equity 36,534 48,598
Series B-2    
Shareholders’ equity:    
Series B-2 voting convertible preferred stock, no par value: shares authorized and reserved — 39, shares issued and outstanding — 0 and 12, respectively $ 0 $ 38,389