Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.3.0.15
Condensed Consolidated Balance Sheets (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
ASSETS    
Cash and cash equivalents $ 2,649 $ 1,097
Restricted cash 500 500
Accounts receivable (net of allowance for doubtful accounts of $2,046 and $1,459, respectively) 7,366 5,236
Inventories 1,096 887
Other current assets 702 1,018
Total current assets 12,313 8,738
PROPERTY AND EQUIPMENT (net of accumulated depreciation of $6,052 and $4,568 respectively) 5,062 4,839
DEPOSITS 110 74
TOTAL ASSETS 17,485 13,651
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 2,285 1,933
Accrued compensation 1,291 1,338
Other accrued expenses and liabilities 625 460
Short-term portion of equipment capital leases 1,866 1,995
Revolving credit line 4,472 3,442
Total current liabilities 10,539 9,168
LONG TERM LIABILITIES    
Long-term portion of equipment capital leases 1,586 1,348
TOTAL LIABILITIES 12,125 10,516
STOCKHOLDERS' EQUITY    
Common stock, $.001 par value, (100,000,000 shares authorized; 43,106,434 and 37,341,285 shares issued and outstanding at September 30, 2011 and December 31, 2010, respectively) 43 37
Additional paid-in capital 28,105 24,557
Accumulated deficit (22,788) (21,459)
Total stockholders' equity 5,360 3,135
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 17,485 $ 13,651