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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 53,289 $ 26,862
Short term investments 44,462 0
Accounts receivable (net of allowance for doubtful accounts of $286 and $249, respectively) 15,528 18,270
Inventory 3,638 3,793
Other current assets 2,339 1,581
Total current assets 119,256 50,506
Property and equipment, net 5,207 4,071
Total assets 124,463 54,577
Current liabilities:    
Accounts payable 4,580 5,552
Accrued expenses 5,592 5,573
Deferred rent 534 420
Current portion of term loan credit agreement (net of deferred costs of $69 and $67, respectively) 4,097 350
Warrant liabilities 0 1,014
Other 189 181
Total current liabilities 14,992 13,090
Revolving and term loan credit agreement (net of deferred costs of $150 and $196, respectively) 13,183 16,888
Deferred rent 1,813 2,059
Total liabilities 29,988 32,037
COMMITMENTS AND CONTINGENCIES (Note 13)
Shareholders’ equity:    
Common stock, no par value; shares authorized — 75,000; shares issued and outstanding — 43,170 and 35,861, respectively 468,447 383,020
Other comprehensive loss (18) 0
Warrants 302 397
Accumulated deficit (374,256) (360,877)
Total shareholders’ equity 94,475 22,540
Total liabilities and shareholders’ equity $ 124,463 $ 54,577