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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and cash equivalents $ 20,712 $ 24,762
Restricted cash 943 943
Accounts receivable, net of allowance of $654 and $708 in 2020 and 2019, respectively 251 955
Income tax receivable 1,333 220
Inventories, net 13,319 10,152
Prepaid expenses and other current assets 3,122 2,239
Deferred commissions 1,650 1,758
Total current assets 41,330 41,029
Property and equipment, net 4,456 5,261
Construction in progress 1,131 865
Long-term restricted cash 4,242 5,295
Other assets 11,986 9,592
Long-term deferred tax assets, net 991 881
Total assets 64,136 62,923
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Current portion of finance leases 84 87
Accounts payable 5,971 3,526
Accrued expenses 8,162 8,209
Commissions and incentives payable 9,981 9,728
Taxes payable 1,609 2,187
Current notes payable 889 739
Deferred revenue 4,801 4,416
Total current liabilities 31,497 28,892
Finance leases, excluding current portion 178 176
Deferred tax liabilities 3 3
Long-term notes payable 92 363
Other long-term liabilities 7,727 6,214
Total liabilities 39,497 35,648
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 2,101,240 shares outstanding as of June 30, 2020 and 2,742,857 shares issued and 2,381,131 shares outstanding as of December 31, 2019 0 0
Additional paid-in capital 33,764 34,143
Retained earnings (accumulated deficit) 2,628 (690)
Accumulated other comprehensive income 2,671 3,757
Treasury stock, at average cost, 641,617 shares as of June 30, 2020 and 361,726 shares as of December 31, 2019 (14,424) (9,935)
Total shareholders’ equity 24,639 27,275
Total liabilities and shareholders’ equity $ 64,136 $ 62,923