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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and cash equivalents $ 24,762 $ 21,845
Restricted cash 943 1,514
Accounts receivable, net of allowance of $708 and $770 in 2019 and 2018, respectively 955 106
Income tax receivable 220 291
Inventories, net 10,152 12,821
Prepaid expenses and other current assets 2,239 3,361
Deferred commissions 1,758 2,449
Total current assets 41,029 42,387
Property and equipment, net 5,261 5,860
Construction in progress 865 904
Long-term restricted cash 5,295 7,225
Other assets 9,592 3,894
Deferred tax assets, net 881 1,928
Total assets 62,923 62,198
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Current portion of finance leases 87 75
Accounts payable 3,526 6,724
Accrued expenses 8,209 5,995
Commissions and incentives payable 9,728 12,189
Taxes payable 2,187 2,655
Current notes payable 739 702
Deferred revenue 4,416 5,274
Total current liabilities 28,892 33,614
Finance leases, excluding current portion 176 72
Deferred tax liabilities 3 3
Long-term notes payable 363 883
Other long-term liabilities 6,214 2,302
Total liabilities 35,648 36,874
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 2,381,131 shares outstanding as of December 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 34,143 33,939
Accumulated deficits (690) (2,782)
Accumulated other comprehensive income 3,757 4,337
Treasury stock, at average cost, 361,726 shares as of December 31, 2019 and 361,708 shares as of December 31, 2018, respectively (9,935) (10,170)
Total shareholders’ equity 27,275 25,324
Total liabilities and shareholders’ equity $ 62,923 $ 62,198