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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
ASSETS    
Cash and cash equivalents $ 21,845 $ 37,682
Restricted cash 1,514 1,514
Accounts receivable, net of allowance of $770 and $582 in 2018 and 2017, respectively 106 273
Income tax receivable 291 907
Inventories, net 12,821 9,385
Prepaid expenses and other current assets 3,361 2,607
Deferred commissions 2,449 3,880
Total current assets 42,387 56,248
Property and equipment, net 5,860 3,537
Construction in progress 904 777
Long-term restricted cash 7,225 7,565
Other assets 3,894 3,876
Deferred tax assets, net 1,928 4,239
Total assets 62,198 76,242
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Current portion of capital leases 75 228
Accounts payable 6,724 6,008
Accrued expenses 5,995 5,771
Commissions and incentives payable 12,189 9,658
Taxes payable 2,655 2,404
Current notes payable 702 815
Deferred revenue 5,274 8,561
Total current liabilities 33,614 33,445
Capital leases, excluding current portion 72 144
Deferred tax liabilities 3 1,147
Long-term notes payable 883 0
Other long-term liabilities 2,302 1,265
Total liabilities 36,874 36,001
Commitments and contingencies (Note 11)
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, 2,742,857 shares issued and 2,381,149 shares outstanding as of December 31, 2018 and 2,742,857 shares issued and 2,702,940 shares outstanding as of December 31, 2017 0 0
Additional paid-in capital 33,939 34,928
Retained earnings (deficit) (2,782) 4,190
Accumulated other comprehensive income 4,337 5,984
Treasury stock, at average cost, 361,708 shares as of December 31, 2018 and 39,917 shares as of December 31, 2017, respectively (10,170) (4,861)
Total shareholders’ equity 25,324 40,241
Total liabilities and shareholders’ equity $ 62,198 $ 76,242