Annual report pursuant to Section 13 and 15(d)

Balance Sheets

v3.3.1.900
Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets    
Cash and cash equivalents $ 66,106 $ 56,836
Short-term investments 16,793  
Accounts receivable, net of allowances of $6,145 and $3,745 as of December 31, 2015 and 2014, respectively 19,872 19,349
Inventories, net of allowances of $128 and $141 as of December 31, 2015 and 2014, respectively 8,648 7,616
Deferred cost of revenue 397 515
Income tax receivable 2,158 2,129
Deferred tax asset - current   4,976
Prepaid expenses and other current assets 870 1,122
Total current assets 114,844 92,543
Property and equipment    
Rental equipment, net of allowances of $850 and $832 as of December 31, 2015 and 2014, respectively 54,677 48,359
Manufacturing equipment and tooling 4,680 3,985
Computer equipment and software 4,503 3,699
Furniture and equipment 732 649
Leasehold improvements 978 756
Land and building 125 126
Construction in process 578 193
Total property and equipment 66,273 57,767
Less accumulated depreciation (35,593) (25,840)
Property and equipment, net 30,680 31,927
Intangible assets, net 229 270
Deferred tax asset - noncurrent 15,464 15,248
Other assets 97 97
Total assets 161,314 140,085
Current liabilities    
Accounts payable and accrued expenses 12,867 11,273
Accrued payroll 5,271 4,066
Current portion of long-term debt 315 299
Warranty reserve - current 1,226 781
Deferred revenue - current 2,323 2,316
Income tax payable 11  
Total current liabilities 22,013 18,735
Long-term liabilities    
Warranty reserve - noncurrent 747 334
Deferred revenue - noncurrent 4,199 2,176
Long-term debt - noncurrent   315
Other noncurrent liabilities 337 375
Total liabilities $ 27,296 $ 21,935
Commitments and contingencies (Note 8)
Stockholders' equity    
Common stock, $0.001 par value per share; 200,000,000 shares authorized; 19,782,403 and 19,059,364 shares issued and outstanding as of December 31, 2015 and 2014, respectively $ 20 $ 19
Additional paid-in capital 179,143 174,824
Accumulated deficit (45,108) (56,693)
Accumulated other comprehensive loss (37)  
Total stockholders' equity 134,018 118,150
Total liabilities and stockholders' equity $ 161,314 $ 140,085