Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.4.1.9
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Current Assets:    
Cash and cash equivalents $ 1,635us-gaap_CashAndCashEquivalentsAtCarryingValue $ 6,033us-gaap_CashAndCashEquivalentsAtCarryingValue
Trade accounts receivable, less allowance for doubtful accounts of $53 and $108 20,863us-gaap_AccountsReceivableNetCurrent 23,779us-gaap_AccountsReceivableNetCurrent
Inventories, less reserves of $1,473 and $1,669 18,365us-gaap_InventoryNet 13,673us-gaap_InventoryNet
Other current assets 3,360us-gaap_OtherAssetsCurrent 3,157us-gaap_OtherAssetsCurrent
Total current assets 44,223us-gaap_AssetsCurrent 46,642us-gaap_AssetsCurrent
Property and equipment 2,400us-gaap_PropertyPlantAndEquipmentGross 2,242us-gaap_PropertyPlantAndEquipmentGross
Accumulated depreciation and amortization (1,171)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment (1,031)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
Net property and equipment 1,229us-gaap_PropertyPlantAndEquipmentNet 1,211us-gaap_PropertyPlantAndEquipmentNet
Goodwill 42,991us-gaap_Goodwill 42,991us-gaap_Goodwill
Intangible assets, less accumulated amortization of $9,771 and $8,756 33,894us-gaap_FiniteLivedIntangibleAssetsNet 34,784us-gaap_FiniteLivedIntangibleAssetsNet
Other assets, net 864us-gaap_OtherAssetsNoncurrent 914us-gaap_OtherAssetsNoncurrent
Total assets 123,201us-gaap_Assets 126,542us-gaap_Assets
Current Liabilities:    
Accounts payable 10,336us-gaap_AccountsPayableCurrent 11,573us-gaap_AccountsPayableCurrent
Accrued liabilities 3,163us-gaap_AccruedLiabilitiesCurrent 5,470us-gaap_AccruedLiabilitiesCurrent
Accrued compensation and benefits 2,009us-gaap_EmployeeRelatedLiabilitiesCurrent 2,281us-gaap_EmployeeRelatedLiabilitiesCurrent
Other current liabilities 975us-gaap_OtherLiabilitiesCurrent 2,261us-gaap_OtherLiabilitiesCurrent
Purchase price obligations - current 1,333us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxLiabilitiesCurrent 6,269us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxLiabilitiesCurrent
Total current liabilities 17,816us-gaap_LiabilitiesCurrent 27,854us-gaap_LiabilitiesCurrent
Revolving credit facility 12,229us-gaap_LongTermLineOfCredit 8,760us-gaap_LongTermLineOfCredit
Related party payable 2,565us-gaap_DueToRelatedPartiesNoncurrent 2,565us-gaap_DueToRelatedPartiesNoncurrent
Note payable 2,696us-gaap_LongTermNotesPayable 2,816us-gaap_LongTermNotesPayable
Purchase price obligation - noncurrent 6,089us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilities 6,086us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilities
Other liabilities 1,027us-gaap_OtherLiabilitiesNoncurrent 1,145us-gaap_OtherLiabilitiesNoncurrent
Total liabilities 42,422us-gaap_Liabilities 49,226us-gaap_Liabilities
Stockholders' Equity    
Common stock, $.001 par value, 150,000 shares authorized, 135,260 and 129,714 issued and outstanding at March 31, 2015 and December 31, 2014, respectively 135us-gaap_CommonStockValue 130us-gaap_CommonStockValue
Additional paid-in capital 154,981us-gaap_AdditionalPaidInCapitalCommonStock 149,477us-gaap_AdditionalPaidInCapitalCommonStock
Accumulated deficit (74,337)us-gaap_RetainedEarningsAccumulatedDeficit (72,291)us-gaap_RetainedEarningsAccumulatedDeficit
Total stockholders' equity 80,779us-gaap_StockholdersEquity 77,316us-gaap_StockholdersEquity
Total liabilities and stockholders' equity $ 123,201us-gaap_LiabilitiesAndStockholdersEquity $ 126,542us-gaap_LiabilitiesAndStockholdersEquity