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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash $ 145 $ 587
Accounts receivable, net of allowance for doubtful accounts of $111 and $83 at June 30, 2016 and December 31, 2015, respectively 1,756 1,798
Inventories, net 3,902 3,075
Prepaid net expenses and other current assets 129 186
Total current assets 5,932 5,646
Property and equipment, net 1,906 1,941
In-process research and development 4,620 4,620
Trademarks, trade names 1,240 1,240
Goodwill 4,658 4,658
Other assets 377 273
Total assets 18,733 18,378
Current liabilities:    
Secured lines of credit and current portion of long-term debt 3,415 2,857
Notes due to employees, current portion 679 202
Account payable and accrued expenses 3,171 3,032
Advances - related parties 83 70
Total current liabilities 7,348 6,161
Long-term debt, net of current portion 93 121
Notes due to employees, net of current portion 198 725
Deferred tax liability – long-term 2,205 2,205
Total liabilities 9,844 9,212
Stockholders’ equity :    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; 198,355 shares issued and outstanding (liquidation value of all classes of preferred stock $2,488 and $2,442 as of June 30, 2016 and December 31, 2015, respectively) 962 962
Common stock, $0.001 par value; 35 million shares authorized, 21,269,307 and 21,055,990 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively 22 21
Additional paid-in capital 8,831 8,340
Treasury stock (327) (327)
Accumulated other comprehensive loss (554) (609)
Retained earnings (deficit) (45) 779
Total stockholders' equity 8,891 9,166
Total liabilities and stockholders' equity $ 18,733 $ 18,378