Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets

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Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Current assets    
Cash and cash equivalents $ 69,046 $ 13,521
Accounts receivable, net of allowances of $4,139 and $3,390 at June 30, 2014 and December 31, 2013, respectively 15,645 10,231
Inventories, net of allowances of $152 and $100 at June 30, 2014 and December 31, 2013, respectively 6,101 4,248
Deferred cost of rental revenue 431 289
Income tax receivable   87
Deferred tax asset-current 5,345 3,923
Prepaid expenses and other current assets 1,126 531
Total current assets 97,694 32,830
Property and equipment    
Rental equipment, net of allowances of $682 and $157 at June 30, 2014 and December 31, 2013, respectively 42,859 37,573
Manufacturing equipment and tooling 2,641 2,551
Computer equipment and software 3,508 2,973
Furniture and equipment 604 601
Leasehold improvements 888 887
Construction in process 1,067 1,093
Total property and equipment 51,567 45,678
Less accumulated depreciation (20,917) (15,956)
Property and equipment, net 30,650 29,722
Intangible assets, net 315 215
Deferred tax asset - noncurrent 16,727 17,865
Other assets 80 1,765
Total assets 145,466 82,397
Current liabilities    
Accounts payable and accrued expenses 12,355 9,219
Accrued payroll 2,841 2,898
Current portion of long-term debt 7,080 5,258
Warranty reserve 605 420
Deferred revenue 1,984 1,487
Income tax payable 1,435  
Total current liabilities 26,300 19,282
Long-term liabilities    
Warranty reserve-noncurrent 473 389
Preferred stock warrant liability   260
Deferred revenue-noncurrent 1,546 776
Long-term debt, net of current portion 6,333 5,391
Total liabilities 34,652 26,098
Commitments and contingencies (Note 5)      
Preferred stock, $0.001 par value per share; 10,000,000 shares authorized; 0 and 9,541,631 shares issued and outstanding; liquidation preference of $0 and $136,660 at June 30, 2014 and December 31, 2013, respectively    118,671
Stockholders' equity (deficit)    
Preferred stock, $0.001 par value per share; 100,000 shares authorized; 0 and 66,666 shares issued and outstanding; liquidation preference of $0 and $250 at June 30, 2014 and December 31, 2013, respectively   247
Common stock, $0.001 par value per share; 60,000,000 shares authorized for both periods; 18,240,043 and 280,974 shares issued and outstanding at June 30, 2014 and December 31, 2013, respectively 18 1
Additional paid-in-capital 171,141  
Accumulated deficit (60,345) (62,620)
Total stockholders' equity (deficit) 110,814 (62,372)
Total liabilities, redeemable convertible preferred stock and stockholders' equity (deficit) $ 145,466 $ 82,397