Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Current Period Unaudited)

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Consolidated Balance Sheets (Current Period Unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 23,334 $ 14,550
Accounts receivable 168 134
Inventories, net 3,323 1,828
Other current assets 1,742 658
Total current assets 28,567 17,170
Property and equipment, net 294 265
Goodwill 1,764 1,764
Restricted cash 323 328
Other assets 296 300
Total assets 31,244 19,827
Current liabilities:    
Accounts payable 4,438 3,058
Income taxes payable 53 25
Accrued distributor commissions 3,957 3,962
Other accrued expenses 4,321 3,146
Deferred revenue 7,881 2,569
Deferred tax liability 108 108
Other current liabilities 923 882
Total current liabilities 21,681 13,750
Commitments and contingencies 0 0
Stockholders’ equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized; 1,761,900 shares designated Series A convertible preferred stock, 123,693 and 103,693 shares issued and outstanding at December 31, 2013 and March 31, 2014, respectively; aggregate liquidation value of $262 at March 31, 2014 93 111
Common stock, $0.001 par value; 50,000,000 shares authorized; 11,332,771 and 11,523,140 shares issued and outstanding at December 31, 2013 and March 31, 2014, respectively 12 11
Additional paid-in capital 81,272 80,655
Accumulated deficit (71,706) (74,619)
Accumulated other comprehensive loss:    
Foreign currency translation adjustments (108) (81)
Total stockholders’ equity 9,563 6,077
Total liabilities and stockholders’ equity $ 31,244 $ 19,827