Balance Sheet 17 March 31, 2012 December 31, 2011 ASSETS (unaudited) Current assets: Cash and cash equivalents 8,834 $ 10,335 $ Short-term investments 1,893 1,125 Accounts receivable, net of allowance of $236 and $183, respectively 9,189 7,922 Inventory 46,109 52,245 Deferred income taxes 446 446 Other current assets 3,472 3,548 Total current assets 69,943 75,621 Property and equipment, net 33,764 34,627 Intangible assets, net 9,664 9,984 Goodwill 18,854 18,854 Investments 297 2,104 Other non-current assets 1,039 1,026 Total assets 133,559 $ 142,216 $ LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable 33,907 $ 41,303 $ Accrued expenses 10,109 11,565 Notes Payable, current portion 17,875 6,250 Capital Leases payable, current portion 132 135 Other current liabilities 7,704 7,702 Total current liabilities 69,727 66,955 Non-current liabilities Notes Payable, net of current portion - 11,625 Capital Leases payable, net of current portion 7 37 Deferred tax liabilities 1,722 1,596 Other non current liabilities 1,236 1,078 Total liabilities 72,692 81,292 Commitments and contingencies — — Stockholders’ equity: Common stock, $0.001 par value; 30,645,764 and 30,625,764 shares issued and outstanding as of 3/31/12 and 12/3111 respectively 31 31 Additional paid-in capital 157,819 157,140 Accumulated other comprehensive income 379 329 Accumulated deficit (97,362) (96,574) Total stockholders’ equity 60,867 60,924 Total liabilities and stockholders’ equity 133,559 $ 142,216 $ (Amounts shown in thousands) |
