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
Sep. 30, 2013
Dec. 31, 2012
ASSETS    
Cash and cash equivalents $ 9,131 $ 4,207
Accounts receivable 293 122
Inventories, net 1,201 867
Other current assets 557 641
Total current assets 11,182 5,837
Property and equipment, net 125 121
Goodwill 1,764 1,764
Restricted cash 325 239
Other assets 296 258
Total assets 13,692 8,219
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable 2,068 1,385
Income taxes payable 58 10
Accrued distributor commissions 2,288 1,308
Other accrued expenses 2,386 1,688
Deferred revenue 1,539 836
Deferred tax liability 92 92
Other current liabilities 793 991
Total current liabilities 9,224 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 September 30, 2013, respectively, aggregate liquidation value of $305 111 124
Common stock, $0.001 par value; 50,000,000 shares authorized; 11,324,048 and 11,333,102 shares issued and outstanding at December 31, 2012 and September 30, 2013, respectively 11 11
Additional paid-in capital 80,647 80,584
Accumulated deficit (76,196) (78,708)
Foreign currency translation adjustments (105) (102)
Total stockholders’ equity 4,468 1,909
Total liabilities and stockholders’ equity $ 13,692 $ 8,219