Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Current Period Unaudited)

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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 2,361 $ 3,469
Accounts receivable, less allowance for doubtful accounts of $6,215 and $6,514 at June 30, 2018 and December 31, 2017, respectively 9,892 11,385
Inventories 1,991 1,764
Other current assets 1,634 1,049
Total Current assets 15,878 17,667
Medical equipment held for sale or rental 1,646 1,567
Medical equipment in rental service, net of accumulated depreciation 22,154 23,369
Property & equipment, net of accumulated depreciation 1,540 1,633
Intangible assets, net 22,162 24,514
Other assets 137 131
Total assets 63,517 68,881
Current liabilities:    
Accounts payable 5,985 5,516
Capital lease liability, current 238 505
Current portion of long-term debt 3,037 3,039
Other current liabilities 2,407 3,414
Total current liabilities 11,667 12,474
Long-term debt, net of current portion 21,961 25,352
Capital lease liability, long-term 33
Deferred income taxes 62 62
Other long-term liabilities 172 7
Total liabilities 33,862 37,928
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 23,032,493 and 22,454,291, respectively, as of June 30, 2018 and 22,978,398 and 22,780,738, respectively, as of December 31, 2017 2 2
Additional paid-in capital 91,587 92,584
Retained deficit (61,934) (61,633)
Total Stockholders’ equity 29,655 30,953
Total liabilities and stockholders’ equity $ 63,517 $ 68,881