Quarterly report pursuant to Section 13 or 15(d)

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, 2011
Dec. 31, 2010
ASSETS    
Cash and cash equivalents $ 2,632 $ 1,097
Restricted cash 500 500
Accounts receivable (net of allowance for doubtful accounts of $1,843 and $1,459, respectively) 7,155 5,236
Inventories 1,079 887
Other current assets 657 1,018
Total current assets 12,023 8,738
PROPERTY AND EQUIPMENT (net of accumulated depreciation of $5,530 and $4,568 respectively) 4,559 4,839
DEPOSITS 76 74
TOTAL ASSETS 16,658 13,651
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 2,463 1,933
Accrued compensation 1,401 1,338
Other accrued expenses and liabilities 573 460
Short-term portion of equipment capital leases 1,856 1,995
Revolving credit line 3,819 3,442
Total current liabilities 10,112 9,168
LONG TERM LIABILITIES    
Long-term portion of equipment capital leases 1,257 1,348
TOTAL LIABILITIES 11,369 10,516
STOCKHOLDERS' EQUITY    
Common stock, $.001 par value, (100,000,000 shares authorized; 42,890,203 and 37,341,285 shares issued and outstanding at June 30, 2011 and December 31, 2010, respectively) 43 37
Additional paid-in capital 27,891 24,557
Accumulated deficit (22,645) (21,459)
Total stockholders' equity 5,289 3,135
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 16,658 $ 13,651