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
Jun. 30, 2013
Dec. 31, 2012
ASSETS    
Cash and cash equivalents $ 6,695 $ 4,207
Accounts receivable 172 122
Inventories, net 1,031 867
Other current assets 515 641
Total current assets 8,413 5,837
Property and equipment, net 136 121
Goodwill 1,764 1,764
Restricted cash 223 239
Other assets 249 258
Total assets 10,785 8,219
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable 1,626 1,385
Income taxes payable 37 10
Accrued distributor commissions 1,768 1,308
Other accrued expenses 2,057 1,688
Deferred revenue 1,120 836
Deferred tax liability 92 92
Other current liabilities 979 991
Total current liabilities 7,679 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 and 123,693 shares issued and outstanding at December 31, 2012 and June 30, 2013, respectively, aggregate liquidation value of $301 111 124
Common stock, $0.001 par value; 50,000,000 shares authorized; 11,324,048 and 11,334,678 shares issued and outstanding at December 31, 2012 and June 30, 2013, respectively 11 11
Additional paid-in capital 80,629 80,584
Accumulated deficit (77,517) (78,708)
Foreign currency translation adjustments (128) (102)
Total stockholders’ equity 3,106 1,909
Total liabilities and stockholders’ equity $ 10,785 $ 8,219