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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 996 $ 1,241
Accounts receivable, net 1,439 1,240
Accounts receivable – related party 77
Inventories, net 1,122 1,542
Prepaid expenses and other current assets 285 187
Total current assets 3,842 4,287
Property and equipment, net 570 709
Investments, - related parties, net of original issue discount of $45 and $0, respectively. 1,036 90
Deposits 24 13
TOTAL ASSETS 5,472 5,099
CURRENT LIABILITIES    
Accounts payable 1,231 937
Note payable – related party 250
Advances from customers and deferred revenues 211
Other current liabilities 398 480
Total current liabilities 1,879 1,628
Convertible notes – related party, net of unamortized issuance discount of $497 34
Total liabilities 1,913 1,628
COMMITMENTS
STOCKHOLDERS’ EQUITY    
Series A Redeemable Convertible Preferred Stock, no par value, - 500,000 shares authorized; 0 shares issued and outstanding at December 31, 2016 and 2015.
Preferred Stock, no par value – 1,500,000 shares authorized; 0 shares issued and outstanding at December 31, 2016 and 2015.
Common Stock, no par value – 30,000,000 shares authorized; 7,677,637 and 6,775,971 shares issued and outstanding at December 31, 2016 and 2015, respectively.
Additional paid-in-capital 16,537 14,965
Accumulated deficit (12,158) (11,036)
Accumulated other comprehensive loss (820) (458)
Total stockholder’s equity 3,559 3,471
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 5,472 $ 5,099