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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
ASSETS    
Cash and cash equivalents $ 35,561 $ 28,687
Restricted cash 1,514 1,510
Accounts receivable, net of allowance of $507 and $463 in 2017 and 2016, respectively 405 298
Income tax receivable 3 1,587
Inventories, net 10,868 11,961
Prepaid expenses and other current assets, net 2,659 3,483
Deferred commissions 3,233 3,229
Total current assets 54,243 50,755
Property and equipment, net 3,234 3,611
Construction in progress 1,294 1,012
Long-term restricted cash 6,776 6,429
Other assets 3,617 4,013
Long-term deferred tax assets, net 5,595 5,368
Total assets 74,759 71,188
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Current portion of capital leases 392 357
Accounts payable 6,130 5,223
Accrued expenses 5,139 5,605
Commissions and incentives payable 9,679 8,799
Taxes payable 1,528 1,040
Current notes payable 843 801
Deferred revenue 8,326 8,156
Total current liabilities 32,037 29,981
Capital leases, excluding current portion 182 261
Long-term deferred tax liabilities 30 29
Long-term notes payable 286 567
Other long-term liabilities 1,413 1,465
Total liabilities 33,948 32,303
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, $0.01 par value, 1,000,000 shares authorized, no shares issued or outstanding 0 0
Common stock, $0.0001 par value, 99,000,000 shares authorized, 2,753,789 shares issued and 2,711,372 shares outstanding as of June 30, 2017 and 2,758,275 shares issued and 2,688,790 shares outstanding as of December 31, 2016 0 0
Additional paid-in capital 35,293 38,190
Retained earnings 7,202 7,331
Accumulated other comprehensive income 3,482 1,834
Treasury stock, at average cost, 42,417 shares as of June 30, 2017 and 69,485 shares as of December 31, 2016, respectively (5,166) (8,470)
Total shareholders’ equity 40,811 38,885
Total liabilities and shareholders’ equity $ 74,759 $ 71,188