Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash $ 3,553 $ 4,943
Accounts receivable, net of allowance for doubtful accounts of $631 and $462, respectively 13,408 13,353
Inventory 6,133 8,568
Prepaid giveaways 135 205
Prepaid expenses and other current assets 2,403 1,725
Total current assets 25,632 28,794
Property and equipment, net 2,498 3,243
Intangible assets, net 1,478 1,638
Other assets 146 421
TOTAL ASSETS 29,754 34,096
Current liabilities:    
Accounts payable 9,134 9,625
Accrued liabilities 8,115 9,051
Accrued restructuring charges, current 588 614
Obligation under secured borrowing arrangement 3,147 2,681
Convertible notes with a related party, net of discount 16,772 16,465
Total current liabilities 37,756 38,436
Accrued restructuring charges, long-term 161 208
Other long-term liabilities 1,851 332
Total liabilities 39,768 38,976
Commitments and contingencies (Note 9)
Stockholders' deficit:    
Common stock, par value of $0.001 per share; 100,000,000 shares authorized as of June 30, 2017 and December 31, 2016; 15,357,392 and 14,987,230 shares issued as of June 30, 2017 and December 31, 2016, respectively; 14,481,771 and 14,111,609 shares outstanding as of June 30, 2017 and December 31, 2016, respectively 14 14
Additional paid-in capital 157,448 156,301
Treasury stock, at cost; 875,621 shares as of June 30, 2017 and December 31, 2016 (10,039) (10,039)
Accumulated other comprehensive loss (145) (162)
Accumulated deficit (157,292) (150,994)
TOTAL STOCKHOLDERS' DEFICIT (10,014) (4,880)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 29,754 $ 34,096