Annual report pursuant to section 13 and 15(d)

Consolidated Balance Sheets

v2.3.0.11
Consolidated Balance Sheets (USD $)
In Thousands
Dec. 31, 2011
Dec. 31, 2010
ASSETS    
Cash and cash equivalents $ 799 $ 5,014
Accounts receivable, less allowance for doubtful accounts of $1,773 and $1,796 at December 31, 2011 and December 31, 2010, respectively 7,350 6,679
Accounts receivable - related party 98  
Inventory 3,217 1,699
Prepaid expenses and other current assets 934 750
Deferred income taxes 682 1,147
Total Current Assets 13,080 15,289
Property & equipment, net 15,764 16,672
Deferred debt issuance costs, net 421 658
Goodwill   64,092
Intangible assets, net 28,221 33,252
Deferred income taxes 18,187  
Other assets 590 401
Total Assets 76,263 130,364
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 4,004 2,016
Accounts payable - related party 59  
Other current liabilities 2,235 4,631
Derivative liabilities 258 183
Current portion of long-term debt 6,576 5,551
Total Current Liabilities 13,132 12,381
Long-term debt, net of current portion 22,551 26,646
Deferred income taxes   5,788
Other liabilities 415 406
Total Liabilities 36,098 45,221
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 21,330,235 and 21,163,337, respectively; outstanding 21,330,235 and 21,117,516, respectively 2 2
Additional paid-in capital 87,541 87,004
Accumulated other comprehensive loss (136) (64)
Retained deficit (47,242) (1,799)
Total Stockholders' Equity 40,165 85,143
Total Liabilities and Stockholders' Equity $ 76,263 $ 130,364