Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets(USD ($))
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 4,637 $ 1,617
Restricted cash   494
Accounts receivable 203 93
Inventories, net 1,258 1,089
Other current assets 627 537
Total current assets 6,725 3,830
Property and equipment, net 114 68
Goodwill 1,764 1,764
Restricted cash 221 220
Other assets 247 241
Total assets 9,071 6,123
Current liabilities:    
Accounts payable 2,480 2,208
Income taxes payable 66 11
Accrued distributor commissions 1,513 1,177
Other accrued expenses 1,749 1,471
Deferred revenue 1,627 967
Deferred tax liability 148 148
Other current liabilities 903 950
Total current liabilities 8,486 6,932
Commitments and contingencies 0 0
Stockholders’ equity (deficit):    
Preferred stock, $0.001 par value; 5,000,000 shares authorized; 1,761,900 shares designated Series A convertible preferred stock, 138,400 shares issued and outstanding at December 31, 2011 and June 30, 2012, aggregate liquidation value of $320 124 124
Common stock, $0.001 par value; 50,000,000 shares authorized; 11,326,323 shares issued and outstanding at December 31, 2011 and June 30, 2012 11 11
Additional paid-in capital 80,533 80,493
Accumulated deficit (79,985) (81,338)
Foreign currency translation adjustments (98) (99)
Total stockholders’ equity (deficit) 585 (809)
Total liabilities and stockholders’ equity (deficit) $ 9,071 $ 6,123