Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets

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Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Current assets    
Cash and cash equivalents $ 56,160 $ 13,521
Accounts receivable, net of allowances of $3,981 and $3,390 at September 30, 2014 and December 31, 2013, respectively 18,061 10,231
Inventories, net of allowances of $183 and $100 at September 30, 2014 and December 31, 2013, respectively 7,331 4,248
Deferred cost of rental revenue 423 289
Income tax receivable   87
Deferred tax asset - current 6,360 3,923
Prepaid expenses and other current assets 980 531
Total current assets 89,315 32,830
Property and equipment    
Rental equipment, net of allowances of $682 and $157 at September 30, 2014 and December 31, 2013, respectively 45,532 37,573
Manufacturing equipment and tooling 2,745 2,551
Computer equipment and software 3,611 2,973
Furniture and equipment 608 601
Leasehold improvements 889 887
Land and building 126  
Construction in process 1,186 1,093
Total property and equipment 54,697 45,678
Less accumulated depreciation (23,640) (15,956)
Property and equipment, net 31,057 29,722
Intangible assets, net 274 215
Deferred tax asset - noncurrent 16,427 17,865
Other assets 80 1,765
Total assets 137,153 82,397
Current liabilities    
Accounts payable and accrued expenses 11,201 9,219
Accrued payroll 3,732 2,898
Current portion of long-term debt 267 5,258
Warranty reserve 669 420
Deferred revenue 1,959 1,487
Income tax payable 2,647  
Total current liabilities 20,475 19,282
Long-term liabilities    
Warranty reserve - noncurrent 503 389
Preferred stock warrant liability 0 260
Deferred revenue-noncurrent 1,878 776
Long-term debt, net of current portion 391 5,391
Total liabilities 23,247 26,098
Commitments and contingencies (Note 5)      
Preferred stock, $0.001 par value per share; 10,000,000 authorized as of December 31, 2013; 0 and 9,541,631 shares issued and outstanding; liquidation preference of $0 and $136,660 at September 30, 2014 and December 31, 2013, respectively (Note 7) 0 118,671
Stockholders' equity (deficit)    
Preferred stock, $0.001 par value per share; 10,000,000 and 100,000 shares authorized; 0 and 66,666 shares issued and outstanding; liquidation preference of $0 and $250 at September 30, 2014 and December 31, 2013, respectively. (Note 7)   247
Common stock, $0.001 par value per share; 200,000,000 and 60,000,000 shares authorized; 18,436,802 and 280,974 shares issued and outstanding at September 30, 2014 and December 31, 2013, respectively. 18 1
Additional paid-in-capital 172,100  
Accumulated deficit (58,212) (62,620)
Total stockholders' equity (deficit) 113,906 (62,372)
Total liabilities, redeemable convertible preferred stock and stockholders' equity (deficit) $ 137,153 $ 82,397