Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
ASSETS    
Cash and cash equivalents $ 5,173 $ 4,207
Accounts receivable 179 122
Inventories, net 888 867
Other current assets 406 641
Total current assets 6,646 5,837
Property and equipment, net 123 121
Goodwill 1,764 1,764
Restricted cash 231 239
Other assets 255 258
Total assets 9,019 8,219
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable 1,811 1,385
Income taxes payable 22 10
Accrued distributor commissions 1,512 1,308
Other accrued expenses 1,403 1,688
Deferred revenue 1,136 836
Deferred tax liability 92 92
Other current liabilities 856 991
Total current liabilities 6,832 6,310
Commitments and contingencies 0 0
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, 2012 and March 31, 2013, aggregate liquidation value of $333 124 124
Common stock, $0.001 par value; 50,000,000 shares authorized; 11,324,048 and 11,323,369 shares issued and outstanding at December 31, 2012 and March 31, 2013, respectively 11 11
Additional paid-in capital 80,603 80,584
Accumulated deficit (78,421) (78,708)
Foreign currency translation adjustments (130) (102)
Total stockholders’ equity 2,187 1,909
Total liabilities and stockholders’ equity $ 9,019 $ 8,219