Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.6.0.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Current assets:      
Cash $ 4,943 $ 7,081 $ 1,020
Accounts receivable, net of allowance for doubtful accounts of $462 and $347 as of December 31, 2016 and 2015 13,353 22,003  
Inventory 8,568 12,549  
Prepaid giveaways 205 307  
Prepaid stock compensation 0 1,641  
Prepaid expenses and other current assets 1,725 3,698  
Total current assets 28,794 47,279  
Property and equipment, net 3,243 6,693  
Investments, long-term 0 977  
Intangible assets, net 1,638 8,652  
Other assets 421 180  
TOTAL ASSETS 34,096 63,781  
Current liabilities:      
Accounts payable 9,625 39,652  
Accrued liabilities 9,051 12,526  
Accrued restructuring charges, current 614 9,140  
Obligation under secured borrowing arrangement 2,681 0  
Convertible notes with a related party, net of discount 16,465 0  
Line of credit 0 3,000  
Term loan 0 2,949  
Other debt obligations 0 21  
Total current liabilities 38,436 67,288  
Convertible note with a related party, net of discount 0 5,952  
Accrued restructuring charges, long-term 208 279  
Other long-term liabilities 332 330  
Total liabilities 38,976 73,849  
Commitments and contingencies (Note 10)    
Stockholders' deficit:      
Common stock, par value of $0.001 per share; 100,000,000 shares authorized as of December 31, 2016 and 2015; 14,987,230 and 14,664,161 shares issued as of December 31, 2016 and 2015, respectively; 14,111,609 and 13,788,540 shares outstanding as of December 31, 2016 and 2015, respectively 14   14
Additional paid-in capital 156,301 147,646 129,130
Treasury stock, at cost; 875,621 shares as of December 31, 2016 and 2015 (10,039) (10,039) (10,039)
Accumulated other comprehensive loss (162) (172) (66)
Accumulated deficit (150,994) (147,517) (95,659)
TOTAL STOCKHOLDERS' DEFICIT (4,880) (10,068) $ 23,380
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 34,096 $ 63,781