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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash $ 26,862 $ 22,978
Accounts receivable (net of allowance for doubtful accounts of $249 and $225, respectively) 18,270 17,093
Inventory 3,793 3,488
Other current assets 1,581 1,164
Total current assets 50,506 44,723
Property and equipment, net 4,071 3,875
Total assets 54,577 48,598
Current liabilities:    
Accounts payable 5,552 6,535
Accrued expenses 5,573 4,523
Short term deferred rent 420 3
Warrant liabilities 1,014 757
Current portion of term loan credit agreement (net of deferred costs of $67 and $110, respectively) 350 779
Other 181 256
Total current liabilities 13,090 12,853
Revolving and term loan credit agreement (net of deferred costs of $196 and $293, respectively) 16,888 9,318
Long term deferred rent 2,059 1,687
Other long term debt 0 32
Total liabilities 32,037 23,890
COMMITMENTS AND CONTINGENCIES (Note 15)
Shareholders’ equity:    
Common stock, no par value; shares authorized — 75,000; shares issued and outstanding — 35,861 and 31,595, respectively 383,020 329,720
Warrants 397 190
Accumulated deficit 360,877 343,591
Total shareholders’ equity 22,540 24,708
Total liabilities and shareholders’ equity 54,577 48,598
Series B-2    
Shareholders’ equity:    
Series B-2 non-voting convertible preferred stock, no par value: shares authorized and reserved — 39; shares issued and outstanding — 0 and 12, respectively $ 0 $ 38,389