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CONSOLIDATED BALANCE SHEETS - (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
ASSETS    
Cash and cash equivalents $ 36,921 $ 31,994
Restricted cash 1,512 1,511
Accounts receivable, net of allowance of $441 and $261 in 2016 and 2015, respectively 116 369
Income tax receivable 13 4
Inventories, net 11,714 9,199
Prepaid expenses and other current assets 2,512 2,905
Deferred commissions 4,208 3,443
Deferred tax assets, net 490 460
Total current assets 57,486 49,885
Property and equipment, net 3,388 3,848
Construction in progress 1,826 839
Long-term restricted cash 6,664 6,586
Other assets 3,687 3,759
Long-term deferred tax assets, net 3,986 3,725
Total assets 77,037 68,642
LIABILITIES AND SHAREHOLDERS' EQUITY    
Current portion of capital leases 397 447
Accounts payable 6,427 2,683
Accrued expenses 5,383 6,221
Commissions and incentives payable 8,805 6,818
Taxes payable 1,301 736
Current deferred tax liability 85 84
Current notes payable 859 713
Deferred revenue 10,698 8,677
Total current liabilities 33,955 26,379
Capital leases, excluding current portion 430 612
Long-term deferred tax liabilities 26 24
Long-term notes payable 843 1,069
Other long-term liabilities 2,084 1,994
Total liabilities 37,338 30,078
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, 2,773,972 shares issued and 2,706,986 shares outstanding as of June 30, 2016 and 2,773,972 shares issued and 2,682,078 shares outstanding as of December 31, 2015 0 0
Additional paid-in capital 37,825 40,494
Retained earnings 7,849 8,589
Accumulated other comprehensive income 2,190 686
Treasury stock, at average cost, 66,986 shares as of June 30, 2016 and 91,894 shares as of December 31, 2015, respectively (8,165) (11,205)
Total shareholders' equity 39,699 38,564
Total liabilities and shareholders' equity $ 77,037 $ 68,642