|
Consolidated Balance Sheets (USD $)
In Thousands
|
Jun. 30, 2012
|
Dec. 31, 2011
|
| Current Assets: |
|
|
| Cash and cash equivalents |
$ 804 |
$ 799 |
| Accounts receivable, less allowance for doubtful accounts of 1,867 and $1,773 at June 30, 2012 and December 31, 2011, respectively |
7,752 |
7,350 |
| Accounts receivable - related party |
2 |
98 |
| Inventory |
3,885 |
3,217 |
| Prepaid expenses and other current assets |
746 |
934 |
| Deferred income taxes |
646 |
682 |
| Total Current Assets |
13,835 |
13,080 |
| Property & equipment, net |
14,440 |
15,764 |
| Deferred debt issuance costs, net |
194 |
421 |
| Intangible assets, net |
26,924 |
28,221 |
| Deferred income taxes |
18,872 |
18,187 |
| Other assets |
458 |
590 |
| Total Assets |
74,723 |
76,263 |
| Current Liabilities: |
|
|
| Accounts payable |
4,778 |
4,004 |
| Accounts payable - related party |
|
59 |
| Derivative liabilities |
236 |
258 |
| Other current liabilities |
2,742 |
2,235 |
| Current portion of long-term debt |
6,256 |
6,576 |
| Total Current Liabilities |
14,012 |
13,132 |
| Revolving credit facility |
1,940 |
|
| Long-term debt, net of current portion |
19,570 |
22,551 |
| Other liabilities |
|
415 |
| Total Liabilities |
35,522 |
36,098 |
| Stockholders' Equity |
|
|
| Preferred stock, $.0001 par value: authorized 1,000,000 shares; none issued |
|
|
| Common stock, $.0001 par value; authorized 200,000,000 shares; issued 21,432,161 and 21,330,235, respectively; outstanding 21,234,471 and 21,132,545, respectively |
2 |
2 |
| Additional paid-in capital |
88,184 |
87,541 |
| Accumulated other comprehensive loss |
|
(136) |
| Accumulated deficit |
(48,985) |
(47,242) |
| Total Stockholders' Equity |
39,201 |
40,165 |
| Total Liabilities and Stockholders' Equity |
$ 74,723 |
$ 76,263 |