Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 14,550 $ 4,207
Accounts receivable 134 122
Inventories, net 1,828 867
Other current assets 658 641
Total current assets 17,170 5,837
Property and equipment, net 265 121
Goodwill 1,764 1,764
Restricted cash 328 239
Other assets 300 258
Total assets 19,827 8,219
Current liabilities:    
Accounts payable 3,058 1,385
Income taxes payable 25 10
Accrued distributor commissions 3,962 1,308
Other accrued expenses 3,146 1,688
Deferred revenue 2,569 836
Deferred tax liability 108 92
Other current liabilities 882 991
Total current liabilities 13,750 6,310
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, 138,400 and 123,693 shares issued and outstanding at December 31, 2012 and 2013, respectively; aggregate liquidation value of $308 111 124
Common stock, $0.001 par value; 50,000,000 shares authorized; 11,324,048 and 11,332,771 shares issued and outstanding at December 31, 2012 and 2013, respectively 11 11
Additional paid-in capital 80,655 80,584
Accumulated deficit (74,619) (78,708)
Accumulated other comprehensive loss:    
Foreign currency translation adjustments (81) (102)
Total stockholders’ equity 6,077 1,909
Total liabilities and stockholders’ equity $ 19,827 $ 8,219