Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.6.0.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current Assets:    
Cash and cash equivalents $ 818 $ 515
Accounts receivable, less allowance for doubtful accounts of $4,737 and $4,739 at December 31, 2015 and 2014, respectively 12,622 10,300
Inventories 1,916 1,758
Other current assets 861 633
Deferred income taxes 2,743 2,252
Total Current Assets 18,960 15,458
Medical Equipment held for sale or rental 2,277 2,255
Medical equipment in rental service, net of accumulated depreciation 27,837 19,814
Property & equipment, net of accumulated depreciation 2,370 2,451
Deferred debt issuance costs, net 134 1,194
Intangible assets, net 31,534 25,073
Deferred income taxes 12,128 13,756
Other assets 251 212
Total Assets 95,491 80,213
Current Liabilities:    
Accounts payable 6,586 5,215
Current portion of long-term debt 5,060 6,452
Other current liabilities 3,641 3,062
Total Current Liabilities 15,287 14,729
Long-term debt, net of current portion 29,884 19,032
Total Liabilities 45,171 33,761
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 22,739,550 and 22,541,890, as of December 31, 2015 and issued and outstanding 22,506,420 and 22,308,730, as of December 31, 2014, respectively. 2 2
Additional paid-in capital 91,238 90,155
Retained deficit (40,920) (43,705)
Total Stockholders' Equity 50,320 46,452
Total Liabilities and Stockholders' Equity $ 95,491 $ 80,213