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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
ASSETS    
Cash and cash equivalents $ 25,753 $ 21,845
Restricted cash 1,452 1,514
Accounts receivable, net of allowance of $623 and $770 in 2019 and 2018, respectively 176 106
Income tax receivable 119 291
Inventories, net 12,162 12,821
Prepaid expenses and other current assets 1,937 3,361
Deferred commissions 2,356 2,449
Total current assets 43,955 42,387
Property and equipment, net 5,563 5,860
Construction in progress 830 904
Long-term restricted cash 5,096 7,225
Other assets 10,433 3,894
Long-term deferred tax assets, net 929 1,928
Total assets 66,806 62,198
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Current portion of finance leases 99 75
Accounts payable 4,675 6,724
Accrued expenses 10,193 5,995
Commissions and incentives payable 10,335 12,189
Taxes payable 3,099 2,655
Current notes payable 715 702
Deferred revenue 5,702 5,274
Total current liabilities 34,818 33,614
Finance leases, excluding current portion 201 72
Long-term deferred tax liabilities 3 3
Long-term notes payable 495 883
Other long-term liabilities 6,644 2,302
Total liabilities 42,161 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 2,385,787 shares outstanding as of September 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 34,061 33,939
Accumulated deficit (2,499) (2,782)
Accumulated other comprehensive income 2,944 4,337
Treasury stock, at average cost, 357,070 shares as of September 30, 2019 and 361,708 shares as of December 31, 2018 (9,861) (10,170)
Total shareholders’ equity 24,645 25,324
Total liabilities and shareholders’ equity $ 66,806 $ 62,198