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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and cash equivalents $ 19,589 $ 21,845
Restricted cash 1,513 1,514
Accounts receivable, net of allowance of $767 and $770 in 2019 and 2018, respectively 143 106
Income tax receivable 242 291
Inventories, net 12,848 12,821
Prepaid expenses and other current assets 3,803 3,361
Deferred commissions 2,420 2,449
Total current assets 40,558 42,387
Property and equipment, net 5,839 5,860
Construction in progress 740 904
Long-term restricted cash 7,979 7,225
Other assets 8,595 3,894
Long-term deferred tax assets, net 1,728 1,928
Total assets 65,439 62,198
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Current portion of capital leases 81 75
Accounts payable 5,880 6,724
Accrued expenses 7,440 5,995
Commissions and incentives payable 11,079 12,189
Taxes payable 2,538 2,655
Current notes payable 975 702
Deferred revenue 5,393 5,274
Total current liabilities 33,386 33,614
Capital leases, excluding current portion 73 72
Long-term deferred tax liabilities 3 3
Long-term notes payable 756 883
Other long-term liabilities 5,575 2,302
Total liabilities 39,793 36,874
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, 2,742,857 shares issued and 2,395,219 shares outstanding as of March 31, 2019 and 2,742,857 shares issued and 2,381,149 shares outstanding as of December 31, 2018 0 0
Additional paid-in capital 33,905 33,939
Retained earnings (deficit) (2,397) (2,782)
Accumulated other comprehensive income 3,896 4,337
Treasury stock, at average cost, 347,638 shares as of March 31, 2019 and 361,708 shares as of December 31, 2018 (9,758) (10,170)
Total shareholders’ equity 25,646 25,324
Total liabilities and shareholders’ equity $ 65,439 $ 62,198