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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
[1]
Current assets:    
Cash and cash equivalents $ 22,751 $ 23,747
Accounts receivable, net of allowance for doubtful accounts of $226 as of September 30, 2017 and $230 as of December 31, 2016 7,390 10,025
Inventories 10,669 11,643
Prepaid expenses and other current assets 671 450
Total current assets 41,481 45,865
Property and equipment, net 1,428 1,534
Intangible assets, net 120 132
Goodwill 533 533
Other long-term assets 48 80
Total assets 43,610 48,144
Current liabilities:    
Accounts payable 1,864 1,994
Accrued compensation 2,338 2,346
Accrued expenses 1,680 2,135
Accrued warranty 427 310
Deferred revenue 1,403 1,383
Total current liabilities 7,712 8,168
Long-term liabilities:    
Accrued warranty 255 293
Other long-term liabilities 541 523
Total liabilities 8,508 8,984
Stockholders’ equity:    
Preferred stock, $0.01 par value, 2,000,000 shares authorized, no shares issued and outstanding
Common stock, $0.01 par value: Authorized: 30,000,000 shares; Issued and outstanding 11,579,379 and 11,304,736 shares as of September 30, 2017 and December 31, 2016, respectively 126 124
Additional paid-in capital 58,810 55,158
Accumulated deficit (23,834) (16,122)
Total stockholders’ equity 35,102 39,160
Total liabilities and stockholders’ equity $ 43,610 $ 48,144
[1] Derived from the audited consolidated financial statements included in the Annual Report on Form 10-K filed with the SEC for the year ended December 31, 2016.