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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
CURRENT ASSETS:    
Cash and cash equivalents $ 4,946 $ 3,454
Accounts receivable (net of allowances for bad debts of $1,088 and $334, respectively) 7,573 7,601
Inventories (net of allowances for obsolescence of $511 and $518, respectively) 3,859 3,344
Other current assets 820 635
Total current assets 17,198 15,034
PROPERTY AND EQUIPMENT:    
Equipment 10,143 9,820
Furniture, fixtures & leasehold improvements 3,682 3,479
Property, Plant and Equipment, Gross 13,825 13,299
Less: accumulated depreciation (11,969) (11,697)
Property, Plant and Equipment, Net 1,856 1,602
OTHER ASSETS:    
Goodwill 6,440 6,275
Intangibles (net of accumulated amortization of $1,437 and $519, respectively) 7,966 8,962
Other assets 102 154
Assets 33,562 32,027
CURRENT LIABILITIES:    
Accounts payable 2,609 1,360
Accrued compensation 1,133 875
Short term debt 3,082 989
Current maturities of long term debt 3,703 0
Accrued expenses 3,839 3,231
Other Liabilities 1,042 1,628
Current portion of lease obligations 320 170
Accrued preferred stock dividend 600 0
Total current liabilities 16,328 8,253
LONG TERM LIABILITIES:    
Long term debt less current maturities 4,937 8,640
Preferred stock conversion feature 0 1,983
Preferred stock warrant liability 0 2,351
Other long-term liabilities 1,249 843
Total liabilities 22,514 22,070
Redeemable Series A convertible preferred stock, $.01 par value, 3,879,307 shares authorized, 0 and 2,586,205 shares issued and outstanding 0 1,457
STOCKHOLDERS’ EQUITY (DEFICIT):    
Series A preferred stock, $.01 par value, 15,000,000 shares authorized, 2,586,205 and 0 shares issued and outstanding 26 0
Common stock, $.01 par value, 100,000,000 shares authorized, 49,625,725 and 49,289,672 shares issued and outstanding, respectively 501 498
Additional paid-in capital 152,987 139,730
Accumulated other comprehensive income 336 1,589
Accumulated deficit (142,802) (133,317)
Total stockholders’ equity 11,048 8,500
Liabilities and Equity $ 33,562 $ 32,027