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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash $ 15,466 $ 22,978
Accounts receivable (net of allowance for doubtful accounts of $226 and $225, respectively) 15,430 17,093
Inventory 4,049 3,488
Other current assets 1,366 1,164
Total current assets 36,311 44,723
Property and equipment, net 3,967 3,875
Total assets 40,278 48,598
Current liabilities:    
Accounts payable 5,972 6,535
Accrued expenses 4,514 4,523
Current portion of term loan credit agreement (net of deferred costs of $110) 2,557 779
Warrant liabilities 1,269 757
Other 216 259
Total current liabilities 14,528 12,853
Long term deferred rent 7,400 9,318
Revolving and term loan credit agreement (net of deferred costs of $211 and $293, respectively) 1,613 1,687
Other long term debt 0 32
Total liabilities 23,541 23,890
COMMITMENTS AND CONTINGENCIES (Note 13)
Shareholders’ equity:    
Common stock, no par value; shares authorized — 75,000; shares issued and outstanding — 34,852 and 31,595, respectively 377,711 329,720
Warrants 190 190
Accumulated deficit (361,164) (343,591)
Total shareholders’ equity 16,737 24,708
Total liabilities and shareholders’ equity 40,278 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