XML 27 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (unaudited) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
CURRENT ASSETS    
Cash and cash equivalents $ 34,366 $ 4,834
Accounts receivable (net of allowance for doubtful accounts of $5,471 and $4,540 respectively) 18,297 18,653
Inventories 2,970 2,301
Deferred income tax asset, net 588 588
Other current assets 1,022 1,115
Total current assets 57,243 27,491
PROPERTY AND EQUIPMENT (net of accumulated depreciation of $18,416 and $14,478, respectively) 14,637 9,694
INTANGIBLE ASSETS (net of accumulated amortization of $606 and $405, respectively) 4,236 2,577
GOODWILL 2,561  
OTHER ASSETS 143 154
TOTAL ASSETS 78,820 39,916
CURRENT LIABILITIES    
Accounts payable 6,287 4,177
Accrued compensation 3,410 2,337
Other accrued expenses and liabilities 1,100 741
Short-term portion of equipment capital leases 3,157 2,786
Revolving credit line   4,282
Total current liabilities 13,954 14,323
LONG TERM LIABILITIES    
Long-term portion of equipment capital leases and notes payable 5,213 3,294
Deferred income tax liability, net 588 588
Total long term liabilities 5,801 3,882
TOTAL LIABILITIES 19,755 18,205
Commitments (Note I)      
STOCKHOLDERS' EQUITY    
Common stock, $.001 par value, (100,000,000 shares authorized; 59,969,375 and 49,118,373 shares issued and outstanding at September 30, 2014 and December 31, 2013, respectively) 60 49
Additional paid-in capital 79,457 42,200
Accumulated deficit (20,452) (20,538)
Total stockholders' equity 59,065 21,711
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 78,820 $ 39,916