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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
ASSETS    
Cash and cash equivalents $ 25,023 $ 21,845
Restricted cash 1,451 1,514
Accounts receivable, net of allowance of $740 and $770 in 2019 and 2018, respectively 126 106
Income tax receivable 128 291
Inventories, net 13,336 12,821
Prepaid expenses and other current assets 2,663 3,361
Deferred commissions 2,672 2,449
Total current assets 45,399 42,387
Property and equipment, net 5,958 5,860
Construction in progress 657 904
Long-term restricted cash 5,296 7,225
Other assets 8,482 3,894
Long-term deferred tax assets, net 1,475 1,928
Total assets 67,267 62,198
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Current portion of finance leases 104 75
Accounts payable 5,961 6,724
Accrued expenses 7,961 5,995
Commissions and incentives payable 10,691 12,189
Taxes payable 2,581 2,655
Current notes payable 834 702
Deferred revenue 5,783 5,274
Total current liabilities 33,915 33,614
Finance leases, excluding current portion 222 72
Long-term deferred tax liabilities 3 3
Long-term notes payable 626 883
Other long-term liabilities 5,256 2,302
Total liabilities 40,022 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 2,392,847 shares outstanding as of June 30, 2019 and 2,742,857 shares issued and 2,381,149 shares outstanding as of December 31, 2018 0 0
Additional paid-in capital 34,026 33,939
Accumulated deficit (710) (2,782)
Accumulated other comprehensive income 3,707 4,337
Treasury stock, at average cost, 350,010 shares as of June 30, 2019 and 361,708 shares as of December 31, 2018 (9,778) (10,170)
Total shareholders’ equity 27,245 25,324
Total liabilities and shareholders’ equity $ 67,267 $ 62,198