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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash $ 29,777 $ 26,862
Accounts receivable (net of allowance for doubtful accounts of $315 and $249, respectively) 13,162 18,270
Inventory 3,905 3,793
Other current assets 1,358 1,581
Total current assets 48,202 50,506
Property and equipment, net 4,207 4,071
Total assets 52,409 54,577
Current liabilities:    
Accounts payable 5,768 5,552
Accrued expenses 4,007 5,573
Short term deferred rent 426 420
Current portion of term loan credit agreement (net of deferred costs of $69 and $67, respectively) 1,597 350
Warrant liabilities 1,921 1,014
Other 159 181
Total current liabilities 13,878 13,090
Revolving and term loan credit agreement (net of deferred costs of $185 and $196, respectively) 15,649 16,888
Long term deferred rent 1,947 2,059
Total liabilities 31,474 32,037
COMMITMENTS AND CONTINGENCIES (Note 12)
Shareholders’ equity:    
Common stock, no par value; shares authorized — 75,000; shares issued and outstanding — 36,502 and 35,861, respectively 389,074 383,020
Warrants 397 397
Accumulated deficit (368,536) (360,877)
Total shareholders’ equity 20,935 22,540
Total liabilities and shareholders’ equity $ 52,409 $ 54,577