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
Sep. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 39,748 $ 14,550
Accounts receivable 101 134
Inventories, net 4,320 1,828
Other current assets 831 658
Total current assets 45,000 17,170
Property and equipment, net 377 265
Goodwill 1,764 1,764
Restricted cash 330 328
Other assets 316 300
Total assets 47,787 19,827
Current liabilities:    
Accounts payable 4,411 3,058
Income taxes payable 166 25
Accrued distributor commissions 7,121 3,962
Other accrued expenses 6,589 3,146
Deferred revenue 2,901 2,569
Deferred tax liability 108 108
Other current liabilities 1,309 882
Total current liabilities 22,605 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 61,693 shares issued and outstanding at December 31, 2013 and September 30, 2014, respectively, aggregate liquidation value of $106 55 111
Common stock, $0.001 par value; 50,000,000 shares authorized; 11,332,771 and 12,805,166 shares issued and outstanding at December 31, 2013 and September 30, 2014, respectively 13 11
Additional paid-in capital 85,602 80,655
Accumulated deficit (60,399) (74,619)
Accumulated other comprehensive loss:    
Foreign currency translation adjustments (89) (81)
Total stockholders’ equity 25,182 6,077
Total liabilities and stockholders’ equity $ 47,787 $ 19,827