Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Current Period Unaudited)

v2.4.1.9
Consolidated Balance Sheets (Current Period Unaudited) (USD $)
Mar. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 59,866,000us-gaap_CashAndCashEquivalentsAtCarryingValue $ 44,816,000us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivable 178,000us-gaap_AccountsReceivableNetCurrent 107,000us-gaap_AccountsReceivableNetCurrent
Inventories, net 4,859,000us-gaap_InventoryNet 3,760,000us-gaap_InventoryNet
Other current assets 1,179,000us-gaap_OtherAssetsCurrent 930,000us-gaap_OtherAssetsCurrent
Total current assets 66,082,000us-gaap_AssetsCurrent 49,613,000us-gaap_AssetsCurrent
Property and equipment, net 699,000us-gaap_PropertyPlantAndEquipmentNet 476,000us-gaap_PropertyPlantAndEquipmentNet
Goodwill 1,764,000us-gaap_Goodwill 1,764,000us-gaap_Goodwill
Restricted cash 312,000us-gaap_RestrictedCashAndCashEquivalentsNoncurrent 315,000us-gaap_RestrictedCashAndCashEquivalentsNoncurrent
Other assets 591,000us-gaap_OtherAssetsNoncurrent 372,000us-gaap_OtherAssetsNoncurrent
Total assets 69,448,000us-gaap_Assets 52,540,000us-gaap_Assets
Current liabilities:    
Accounts payable 2,543,000us-gaap_AccountsPayableCurrent 2,232,000us-gaap_AccountsPayableCurrent
Income taxes payable 208,000us-gaap_AccruedIncomeTaxesCurrent 268,000us-gaap_AccruedIncomeTaxesCurrent
Accrued distributor commissions 7,430,000us-gaap_AccruedLiabilitiesCurrent 8,853,000us-gaap_AccruedLiabilitiesCurrent
Other accrued expenses 7,874,000us-gaap_OtherAccruedLiabilitiesCurrent 6,743,000us-gaap_OtherAccruedLiabilitiesCurrent
Deferred revenue 10,371,000us-gaap_DeferredRevenueCurrent 2,687,000us-gaap_DeferredRevenueCurrent
Deferred tax liability 65,000us-gaap_DeferredTaxLiabilitiesCurrent 65,000us-gaap_DeferredTaxLiabilitiesCurrent
Amounts held in distributor eWallets 4,962,000us-gaap_OtherDeferredCreditsCurrent 2,064,000us-gaap_OtherDeferredCreditsCurrent
Other current liabilities 1,717,000us-gaap_OtherLiabilitiesCurrent 1,513,000us-gaap_OtherLiabilitiesCurrent
Total current liabilities 35,170,000us-gaap_LiabilitiesCurrent 24,425,000us-gaap_LiabilitiesCurrent
Long-term incentive 1,603,000us-gaap_DeferredCompensationCashbasedArrangementsLiabilityClassifiedNoncurrent 1,665,000us-gaap_DeferredCompensationCashbasedArrangementsLiabilityClassifiedNoncurrent
Total liabilities 36,773,000us-gaap_Liabilities 26,090,000us-gaap_Liabilities
Commitments and contingencies      
Stockholders’ equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued and outstanding 0us-gaap_PreferredStockValue 0us-gaap_PreferredStockValue
Common stock, $0.001 par value; 50,000,000 shares authorized; 12,891,317 shares issued at December 31, 2014 and March 31, 2015 13,000us-gaap_CommonStockValue 13,000us-gaap_CommonStockValue
Additional paid-in capital 85,608,000us-gaap_AdditionalPaidInCapital 85,750,000us-gaap_AdditionalPaidInCapital
Accumulated deficit (48,359,000)us-gaap_RetainedEarningsAccumulatedDeficit (54,799,000)us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive income:    
Foreign currency translation adjustments 199,000us-gaap_AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax 62,000us-gaap_AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
Treasury stock, at cost; 384,220 and 402,959 shares at December 31, 2014 and March 31, 2015, respectively (4,786,000)us-gaap_TreasuryStockValue (4,576,000)us-gaap_TreasuryStockValue
Total stockholders’ equity 32,675,000us-gaap_StockholdersEquity 26,450,000us-gaap_StockholdersEquity
Total liabilities and stockholders’ equity $ 69,448,000us-gaap_LiabilitiesAndStockholdersEquity $ 52,540,000us-gaap_LiabilitiesAndStockholdersEquity