Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 14,568 $ 2,512
Depreciation and amortization 72 53
Stock-based compensation 42 82
Changes in assets and liabilities:    
Accounts receivable 25 (174)
Inventories, net (2,547) (346)
Other current assets (205) 68
Other assets (16) (35)
Accounts payable 1,359 683
Income taxes payable 140 49
Accrued distributor commissions 3,218 994
Other accrued expenses 3,479 704
Deferred revenue 346 708
Other current liabilities 442 (195)
Net cash provided by operating activities 20,923 5,103
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment, net (199) (57)
Increase in restricted cash   (82)
Net cash used in investing activities (199) (139)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of warrants 4,948  
Dividends paid (348)  
Repurchase of common stock (97) (32)
Net cash provided by (used in) financing activities 4,503 (32)
Effect of exchange rates on cash and cash equivalents (29) (8)
Net increase in cash and cash equivalents 25,198 4,924
CASH AND CASH EQUIVALENTS, beginning of period 14,550 4,207
CASH AND CASH EQUIVALENTS, end of period 39,748 9,131
NON-CASH FINANCING ACTIVITY:    
Conversion of preferred stock $ 56 $ 13