Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 4,207 $ 1,617
Restricted cash   494
Accounts receivable 122 93
Inventories, net 867 1,089
Other current assets 641 537
Total current assets 5,837 3,830
Property and equipment, net 121 68
Goodwill 1,764 1,764
Restricted cash 239 220
Other assets 258 241
Total assets 8,219 6,123
Current liabilities:    
Accounts payable 1,385 2,208
Income taxes payable 10 11
Accrued distributor commissions 1,308 1,177
Other accrued expenses 1,688 1,471
Deferred revenue 836 967
Deferred tax liability 92 148
Other current liabilities 991 950
Total current liabilities 6,310 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 2012, aggregate liquidation value of $329 124 124
Common stock, $0.001 par value; 50,000,000 shares authorized; 11,326,323 and 11,324,048 shares issued and outstanding at December 31, 2011 and 2012, respectively 11 11
Additional paid-in capital 80,584 80,493
Accumulated deficit (78,708) (81,338)
Accumulated other comprehensive loss:    
Foreign currency translation adjustments (102) (99)
Total stockholders’ equity (deficit) 1,909 (809)
Total liabilities and stockholders’ equity (deficit) $ 8,219 $ 6,123