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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Mar. 31, 2012
Current assets:    
Cash and cash equivalents $ 788 $ 2,674
Accounts receivable, less allowances of $113 and $58, respectively 3,624 2,132
Inventories, net 5,158 3,970
Prepaid expenses and other current assets 276 197
Total current assets 9,846 8,973
Machinery and equipment 3,489 3,516
Demo equipment 1,101 1,070
Furniture and fixtures 225 224
Leasehold improvements 372 372
Property and equipment, at cost 5,187 5,182
Less—accumulated depreciation and amortization 3,733 3,149
Total property and equipment, net 1,454 2,033
Other assets, net 77 77
Deferred debt cost, net   1,516
Total assets 11,377 12,599
Current liabilities:    
Accounts payable 1,300 587
Accrued expenses 728 944
Accrued compensation 656 657
Deferred revenue 130 135
Capital lease obligations 75 91
Advances from customers   537
Total current liabilities 2,889 2,951
Convertible debt—related party 17,000  
Line of credit—related party   10,000
Deferred revenue, net of current portion 62  
Capital lease obligations, net of current portion 22 97
Total liabilities 19,973 13,048
Commitments and Contingencies      
Stockholders’ deficit:    
Preferred stock, $0.01 par value Authorized—5,000 shares;issued and outstanding—none 0 0
Common stock, $0.01 par value Authorized—75,000 shares; issued— 46,249 shares and 45,396 shares, respectively 463 454
Additional paid-in capital 100,819 98,382
Treasury stock at cost, 34 shares and 7 shares of common stock, respectively (50) (14)
Accumulated deficit (109,828) (99,271)
Total stockholders’ deficit (8,596) (449)
Total liabilities and stockholders’ deficit $ 11,377 $ 12,599