Quarterly report pursuant to sections 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Current Assets:    
Cash and cash equivalents $ 102 $ 2,326
Accounts receivable, less allowance for doubtful accounts of $3,811 and $3,136 at June 30, 2013 and December 31, 2012, respectively 9,440 8,511
Inventory 1,379 1,339
Other current assets 713 684
Deferred income taxes 1,986 1,971
Total Current Assets 13,620 14,831
Medical equipment held for sale or rental 3,155 2,626
Medical equipment in rental service, net of accumulated depreciation 14,005 13,071
Property & equipment, net of accumulated depreciation 798 867
Deferred debt issuance costs, net 2,106 2,362
Intangible assets, net 24,221 25,541
Deferred income taxes 17,689 17,806
Other assets 157 419
Total Assets 75,751 77,523
Current Liabilities:    
Accounts payable 3,833 2,135
Accounts payable - related party   9
Current portion of long-term debt 3,124 3,953
Other current liabilities 2,782 4,098
Total Current Liabilities 9,739 10,195
Long-term debt, net of current portion 25,204 27,315
Total Liabilities 34,943 37,510
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 22,088,731 and 21,891,041, respectively, as of June 30, 2013 and 21,990,000 and 21,802,515, respectively, as of December 31, 2012 2 2
Additional paid-in capital 89,381 88,742
Accumulated deficit (48,575) (48,731)
Total Stockholders' Equity 40,808 40,013
Total Liabilities and Stockholders' Equity $ 75,751 $ 77,523