Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.7.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash $ 3,016 $ 4,943
Accounts receivable, net of allowance for doubtful accounts of $521 and $462, respectively 15,236 13,353
Inventory 6,114 8,568
Prepaid giveaways 73 205
Prepaid expenses and other current assets 2,113 1,725
Total current assets 26,552 28,794
Property and equipment, net 2,853 3,243
Intangible assets, net 1,558 1,638
Other assets 146 421
TOTAL ASSETS 31,109 34,096
Current liabilities:    
Accounts payable 10,891 9,625
Accrued liabilities 8,180 9,051
Accrued restructuring charges, current 565 614
Obligation under secured borrowing arrangement 1,816 2,681
Convertible notes with a related party, net of discount 16,618 16,465
Total current liabilities 38,070 38,436
Accrued restructuring charges, long-term 185 208
Other long-term liabilities 270 332
Total liabilities 38,525 38,976
Stockholders' deficit:    
Common stock, par value of $0.001 per share; 100,000,000 shares authorized as of March 31, 2017 and December 31, 2016; 15,337,230 and 14,987,230 shares issued as of March 31, 2017 and December 31, 2016, respectively; 14,461,609 and 14,111,609 shares outstanding as of March 31 2017 and December 31, 2016, respectively 14 14
Additional paid-in capital 156,908 156,301
Treasury stock, at cost; 875,621 shares as of March 31, 2017 and December 31, 2016 (10,039) (10,039)
Accumulated other comprehensive loss (156) (162)
Accumulated deficit (154,143) (150,994)
TOTAL STOCKHOLDERS' DEFICIT (7,416) (4,880)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 31,109 $ 34,096