Annual report pursuant to Section 13 and 15(d)

Balance Sheets

v3.6.0.2
Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets    
Cash and cash equivalents $ 92,851 $ 66,106
Marketable securities 21,033 16,793
Accounts receivable, net 30,828 19,872
Inventories, net 14,343 8,648
Deferred cost of revenue 398 397
Income tax receivable 433 2,158
Prepaid expenses and other current assets 1,659 870
Total current assets 161,545 114,844
Property and equipment    
Rental equipment, net 54,582 54,677
Manufacturing equipment and tooling 6,133 4,680
Computer equipment and software 4,705 4,503
Furniture and equipment 779 732
Leasehold improvements 816 978
Land and building 125 125
Construction in process 75 578
Total property and equipment 67,215 66,273
Less accumulated depreciation (42,016) (35,593)
Property and equipment, net 25,199 30,680
Intangible assets, net 241 229
Deferred tax asset - noncurrent 26,654 15,464
Other assets 410 97
Total assets 214,049 161,314
Current liabilities    
Accounts payable and accrued expenses 12,795 12,867
Accrued payroll 6,123 5,271
Current portion of long-term debt   315
Warranty reserve - current 1,688 1,226
Deferred revenue - current 2,239 2,323
Income tax payable   11
Total current liabilities 22,845 22,013
Long-term liabilities    
Warranty reserve - noncurrent 1,792 747
Deferred revenue - noncurrent 7,042 4,199
Other noncurrent liabilities 282 337
Total liabilities 31,961 27,296
Commitments and contingencies (Note 8)
Stockholders' equity    
Common stock, $0.001 par value per share; 200,000,000 shares authorized; 20,389,860 and 19,782,403 shares issued and outstanding as of December 31, 2016 and 2015, respectively 20 20
Additional paid-in capital 194,466 179,143
Accumulated deficit (12,363) (45,108)
Accumulated other comprehensive loss (35) (37)
Total stockholders' equity 182,088 134,018
Total liabilities and stockholders' equity $ 214,049 $ 161,314