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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and cash equivalents $ 21,234 $ 24,762
Restricted cash 943 943
Accounts receivable, net of allowance of $787 and $708 in 2020 and 2019, respectively 144 955
Income tax receivable 825 220
Inventories, net 13,512 10,152
Prepaid expenses and other current assets 2,516 2,239
Deferred commissions 1,729 1,758
Total current assets 40,903 41,029
Property and equipment, net 4,007 5,261
Construction in progress 1,411 865
Long-term restricted cash 4,049 5,295
Other assets 11,712 9,592
Long-term deferred tax assets, net 963 881
Total assets 63,045 62,923
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Current portion of finance leases 77 87
Accounts payable 4,763 3,526
Accrued expenses 7,823 8,209
Commissions and incentives payable 9,807 9,728
Taxes payable 1,080 2,187
Current notes payable 689 739
Deferred revenue 5,034 4,416
Total current liabilities 29,273 28,892
Finance leases, excluding current portion 152 176
Deferred tax liabilities 3 3
Long-term notes payable 0 363
Other long-term liabilities 7,373 6,214
Total liabilities 36,801 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 2,089,002 shares outstanding as of September 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 33,765 34,143
Retained earnings (accumulated deficit) 3,908 (690)
Accumulated other comprehensive income 3,350 3,757
Treasury stock, at average cost, 653,855 shares as of September 30, 2020 and 361,726 shares as of December 31, 2019 (14,779) (9,935)
Total shareholders’ equity 26,244 27,275
Total liabilities and shareholders’ equity $ 63,045 $ 62,923