Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Current Assets:    
Cash and cash equivalents $ 1,041 $ 1,138
Accounts receivable, less allowance for doubtful accounts of $5,574 and $4,774 at June 30, 2014 and December 31, 2013, respectively 10,768 10,697
Inventory 1,485 1,234
Other current assets 712 518
Deferred income taxes 2,296 2,296
Total Current Assets 16,302 15,883
Medical equipment held for sale or rental 2,255 3,664
Medical equipment in rental service, net of accumulated depreciation 16,185 14,438
Property & equipment, net of accumulated depreciation 1,577 872
Deferred debt issuance costs, net 1,505 1,817
Intangible assets, net 24,287 24,182
Deferred income taxes 15,376 16,300
Other assets 248 217
Total Assets 77,735 77,373
Current Liabilities:    
Accounts payable 4,101 4,736
Current portion of long-term debt 3,871 5,118
Other current liabilities 2,573 3,187
Total Current Liabilities 10,545 13,041
Long-term debt, net of current portion 22,829 21,609
Total Liabilities 33,374 34,650
Stockholders' Equity:    
Preferred stock, $.0001 par value: authorized 1,000,000 shares; none issued 0 0
Common stock, $.0001 par value: authorized 200,000,000 shares; issued and outstanding 22,400,743 and 22,203,053, respectively, as of June 30, 2014 and 22,158,041 and 21,960,351, respectively, as of December 31, 2013 2 2
Additional paid-in capital 89,951 89,783
Retained deficit (45,592) (47,062)
Total Stockholders' Equity 44,361 42,723
Total Liabilities and Stockholders' Equity $ 77,735 $ 77,373