Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Current Assets:    
Cash and cash equivalents $ 483 $ 6,033
Trade accounts receivable, less allowance for doubtful accounts of $847 and $516 26,563 23,779
Inventories, less reserves of $1,098 and $1,669 20,203 13,673
Other current assets 3,181 3,157
Total current assets 50,430 46,642
Property and equipment 2,476 2,242
Accumulated depreciation and amortization (1,305) (1,031)
Net property and equipment 1,171 1,211
Goodwill 42,991 42,991
Intangible assets, less accumulated amortization of $10,661 and $8,881 33,004 34,784
Other assets, net 708 914
Total assets 128,304 126,542
Current Liabilities:    
Accounts payable 10,010 11,573
Accrued liabilities 3,916 5,470
Accrued compensation and benefits 1,768 2,281
Other current liabilities 735 2,261
Purchase price obligations - current 6,032 6,269
Total current liabilities 22,461 27,854
Revolving credit facility 17,866 8,760
Related party payable 2,565 2,565
Note payable 2,636 2,816
Purchase price obligation - noncurrent 1,261 6,086
Other liabilities 976 1,145
Total liabilities 47,765 49,226
Stockholders' Equity    
Common stock, $.001 par value, 200,000 shares authorized, 139,899 and 129,714 issued and outstanding at June 30, 2015 and December 31, 2014, respectively 140 130
Additional paid-in capital 156,224 149,477
Accumulated deficit (75,825) (72,291)
Total stockholders' equity 80,539 77,316
Total liabilities and stockholders' equity $ 128,304 $ 126,542