Annual report pursuant to section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Current Assets:    
Cash and cash equivalents $ 2,326 $ 799
Accounts receivable, less allowance for doubtful accounts of $3,136 and $1,773 at December 31, 2012 and December 31, 2011, respectively 8,511 7,350
Accounts receivable - related party   98
Inventory 1,339 1,309
Other current assets 684 934
Deferred income taxes 1,971 682
Total Current Assets 14,831 11,172
Medical equipment held for sale or rental 2,626 2,013
Medical equipment in rental service, net of accumulated depreciation 13,071 14,732
Property & equipment, net of accumulated depreciation 867 927
Deferred debt issuance costs, net 2,362 421
Intangible assets, net 25,541 28,221
Deferred income taxes 17,806 18,187
Other assets 419 590
Total Assets 77,523 76,263
Current Liabilities:    
Accounts payable 2,135 4,004
Accounts payable - related party 9 59
Derivative liabilities   258
Current portion of long-term debt 3,953 6,576
Other current liabilities 4,098 2,235
Total Current Liabilities 10,195 13,132
Long-term debt, net of current portion 27,315 22,551
Other liabilities   415
Total Liabilities 37,510 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 and outstanding 21,990,000 and 21,802,515, as of December 31, 2012 and issued and outstanding 21,330,235 and 21,132,545 as of December 31, 2011, respectively 2 2
Additional paid-in capital 88,742 87,541
Accumulated other comprehensive loss   (136)
Retained deficit (48,731) (47,242)
Total Stockholders' Equity 40,013 40,165
Total Liabilities and Stockholders' Equity $ 77,523 $ 76,263