| Schedule of Effect of Correction and Other Adjustments on Previously Reported Consolidated Statements |
The following tables present the effect of the correction discussed
above on selected line items of our previously reported
consolidated financial statements as of and for the year ended
December 31, 2015.
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
As
Previously
Reported |
|
|
Adjustments |
|
|
As
Restated |
|
|
Consolidated Balance Sheet:
|
|
|
|
|
|
|
|
|
|
|
Accounts receivable, net
|
|
$ |
14,206 |
|
|
$ |
(1,584 |
) |
|
$ |
12,622 |
|
|
Total Current Assets
|
|
|
20,544 |
|
|
|
(1,584 |
) |
|
|
18,960 |
|
|
Deferred income taxes
|
|
|
11,502 |
|
|
|
626 |
|
|
|
12,128 |
|
|
Total Assets
|
|
|
96,449 |
|
|
|
(958 |
) |
|
|
95,491 |
|
|
Retained deficit
|
|
|
(39,962 |
) |
|
|
(958 |
) |
|
|
(40,920 |
) |
|
Total Stockholders’ Equity
|
|
|
51,278 |
|
|
|
(958 |
) |
|
|
50,320 |
|
|
Total Liabilities and Stockholders’ Equity
|
|
|
96,449 |
|
|
|
(958 |
) |
|
|
95,491 |
|
|
|
|
|
|
Consolidated Statement of Operations:
|
|
|
|
|
|
|
|
|
|
|
Net revenues:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rentals
|
|
|
64,536 |
|
|
|
(1,584 |
) |
|
|
62,952 |
|
|
Net revenues
|
|
|
72,125 |
|
|
|
(1,584 |
) |
|
|
70,541 |
|
|
Gross profit
|
|
|
51,184 |
|
|
|
(1,584 |
) |
|
|
49,600 |
|
|
Operating income
|
|
|
8,864 |
|
|
|
(1,584 |
) |
|
|
7,280 |
|
|
|
|
|
|
Income (loss) before income taxes
|
|
|
5,573 |
|
|
|
(1,584 |
) |
|
|
3,989 |
|
|
Income tax (expense) benefit
|
|
|
(1,830 |
) |
|
|
626 |
|
|
|
(1,204 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss)
|
|
|
3,743 |
|
|
|
(958 |
) |
|
|
2,785 |
|
|
|
|
|
|
Net income (loss) per share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
$ |
0.17 |
|
|
$ |
(0.04 |
) |
|
$ |
0.13 |
|
|
Diluted
|
|
$ |
0.16 |
|
|
$ |
(0.04 |
) |
|
$ |
0.12 |
|
|
|
|
|
|
Consolidated Statement of Stockholders’ Equity:
|
|
|
|
|
|
|
|
|
|
|
Net income (loss)
|
|
|
3,743 |
|
|
|
(958 |
) |
|
|
2,785 |
|
|
Total Stockholder’s Equity
|
|
|
51,278 |
|
|
|
(958 |
) |
|
|
50,320 |
|
|
|
|
|
|
Consolidated Statement of Cash Flow:
|
|
|
|
|
|
|
|
|
|
|
Net income (loss)
|
|
|
3,743 |
|
|
|
(958 |
) |
|
|
2,785 |
|
|
Deferred income tax expense
|
|
|
1,763 |
|
|
|
(626 |
) |
|
|
1,137 |
|
|
Accounts receivable
|
|
$ |
(9,140 |
) |
|
$ |
1,584 |
|
|
$ |
(7,556 |
) |
The following tables present the effect of the correction discussed
above on selected line items of our previously reported
consolidated financial statements as of and for each of the fiscal
quarters within the year ended December 31, 2015.
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
March 31, 2015 |
|
|
Consolidated Balance Sheet:
|
|
As
Previously
Reported |
|
|
Adjustments |
|
|
As
Restated |
|
|
|
|
|
|
Accounts receivable, net
|
|
$ |
11,498 |
|
|
$ |
(173 |
) |
|
$ |
11,325 |
|
|
Total Current Assets
|
|
|
20,082 |
|
|
|
(173 |
) |
|
|
19,909 |
|
|
Deferred income taxes
|
|
|
14,143 |
|
|
|
69 |
|
|
|
14,212 |
|
|
Total Assets
|
|
|
87,466 |
|
|
|
(104 |
) |
|
|
87,362 |
|
|
Retained deficit
|
|
|
(44,119 |
) |
|
|
(104 |
) |
|
|
(44,223 |
) |
|
Total Stockholders’ Equity
|
|
|
46,325 |
|
|
|
(104 |
) |
|
|
46,221 |
|
|
Total Liabilities and Stockholders’ Equity
|
|
$ |
87,466 |
|
|
$ |
(104 |
) |
|
$ |
87,362 |
|
| |
|
Three months ended
March 31, 2015
|
|
|
Consolidated Statement of Operations:
|
|
As
Previously
Reported |
|
|
Adjustments |
|
|
As
Restated |
|
|
Net revenues:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rentals
|
|
$ |
15,139 |
|
|
$ |
(173 |
) |
|
$ |
14,966 |
|
|
Net revenues
|
|
|
16,725 |
|
|
|
(173 |
) |
|
|
16,552 |
|
|
Gross profit
|
|
|
12,089 |
|
|
|
(173 |
) |
|
|
11,916 |
|
|
Operating income
|
|
|
1,552 |
|
|
|
(173 |
) |
|
|
1,379 |
|
|
|
|
|
|
Loss before income taxes
|
|
|
(700 |
) |
|
|
(173 |
) |
|
|
(873 |
) |
|
Income tax benefit
|
|
|
285 |
|
|
|
69 |
|
|
|
354 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss
|
|
|
(415 |
) |
|
|
(104 |
) |
|
|
(519 |
) |
|
|
|
|
|
Net loss per share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
$ |
(0.02 |
) |
|
$ |
— |
|
|
$ |
(0.02 |
) |
|
Diluted
|
|
$ |
(0.02 |
) |
|
$ |
— |
|
|
$ |
(0.02 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
June 30, 2015 |
|
|
Consolidated Balance Sheet:
|
|
As
Previously
Reported |
|
|
Adjustments |
|
|
As
Restated |
|
|
|
|
|
|
Accounts receivable, net
|
|
$ |
12,304 |
|
|
$ |
(407 |
) |
|
$ |
11,897 |
|
|
Total Current Assets
|
|
|
18,289 |
|
|
|
(407 |
) |
|
|
17,882 |
|
|
Deferred income taxes
|
|
|
13,878 |
|
|
|
161 |
|
|
|
14,039 |
|
|
Total Assets
|
|
|
91,779 |
|
|
|
(246 |
) |
|
|
91,533 |
|
|
Retained deficit
|
|
|
(43,336 |
) |
|
|
(246 |
) |
|
|
(43,582 |
) |
|
Total Stockholders’ Equity
|
|
|
47,508 |
|
|
|
(246 |
) |
|
|
47,262 |
|
|
Total Liabilities and Stockholders’ Equity
|
|
$ |
91,779 |
|
|
$ |
(246 |
) |
|
$ |
91,533 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three months ended
June 30, 2015 |
|
|
Six months ended
June 30, 2015 |
|
|
Consolidated Statement of Operations:
|
|
As
Previously
Reported |
|
|
Adjustments |
|
|
As
Restated |
|
|
As
Previously
Reported |
|
|
Adjustments |
|
|
As
Restated |
|
|
Net revenues:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rentals
|
|
$ |
15,616 |
|
|
$ |
(234 |
) |
|
$ |
15,382 |
|
|
$ |
30,755 |
|
|
$ |
(407 |
) |
|
$ |
30,348 |
|
|
Net revenues
|
|
|
17,170 |
|
|
|
(234 |
) |
|
|
16,936 |
|
|
|
33,895 |
|
|
|
(407 |
) |
|
|
33,488 |
|
|
Gross profit
|
|
|
11,854 |
|
|
|
(234 |
) |
|
|
11,620 |
|
|
|
23,943 |
|
|
|
(407 |
) |
|
|
23,536 |
|
|
Operating income
|
|
|
1,317 |
|
|
|
(234 |
) |
|
|
1,083 |
|
|
|
2,869 |
|
|
|
(407 |
) |
|
|
2,462 |
|
|
|
|
|
|
|
|
|
Income (loss) before income taxes
|
|
|
930 |
|
|
|
(234 |
) |
|
|
696 |
|
|
|
230 |
|
|
|
(407 |
) |
|
|
(177 |
) |
|
Income tax (expense) benefit
|
|
|
(147 |
) |
|
|
93 |
|
|
|
(54 |
) |
|
|
138 |
|
|
|
161 |
|
|
|
299 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss)
|
|
|
783 |
|
|
|
(141 |
) |
|
|
642 |
|
|
|
368 |
|
|
|
(246 |
) |
|
|
122 |
|
|
|
|
|
|
|
|
|
Net income (loss) per share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
$ |
0.03 |
|
|
$ |
— |
|
|
$ |
0.03 |
|
|
$ |
0.02 |
|
|
$ |
(0.01 |
) |
|
$ |
0.01 |
|
|
Diluted
|
|
$ |
0.03 |
|
|
$ |
— |
|
|
$ |
0.03 |
|
|
$ |
0.02 |
|
|
$ |
(0.01 |
) |
|
$ |
0.01 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
September 30, 2015 |
|
|
Consolidated Balance Sheet:
|
|
As
Previously
Reported |
|
|
Adjustments |
|
|
As
Restated |
|
|
|
|
|
|
Accounts receivable, net
|
|
$ |
13,584 |
|
|
$ |
(788 |
) |
|
$ |
12,796 |
|
|
Total Current Assets
|
|
|
19,556 |
|
|
|
(788 |
) |
|
|
18,768 |
|
|
Deferred income taxes
|
|
|
12,944 |
|
|
|
311 |
|
|
|
13,255 |
|
|
Total Assets
|
|
|
93,777 |
|
|
|
(477 |
) |
|
|
93,300 |
|
|
Retained deficit
|
|
|
(41,968 |
) |
|
|
(477 |
) |
|
|
(42,445 |
) |
|
Total Stockholders’ Equity
|
|
|
48,998 |
|
|
|
(477 |
) |
|
|
48,521 |
|
|
Total Liabilities and Stockholders’ Equity
|
|
$ |
93,777 |
|
|
$ |
(477 |
) |
|
$ |
93,300 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three months ended
September 30, 2015 |
|
|
Nine months ended
September 30, 2015 |
|
|
Consolidated Statement of Operations:
|
|
As
Previously
Reported |
|
|
Adjustments |
|
|
As
Restated |
|
|
As
Previously
Reported |
|
|
Adjustments |
|
|
As
Restated |
|
|
Net revenues:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rentals
|
|
$ |
16,849 |
|
|
$ |
(381 |
) |
|
$ |
16,468 |
|
|
$ |
47,604 |
|
|
$ |
(788 |
) |
|
$ |
46,816 |
|
|
Net revenues
|
|
|
18,692 |
|
|
|
(381 |
) |
|
|
18,311 |
|
|
|
52,587 |
|
|
|
(788 |
) |
|
|
51,799 |
|
|
Gross profit
|
|
|
13,258 |
|
|
|
(381 |
) |
|
|
12,877 |
|
|
|
37,201 |
|
|
|
(788 |
) |
|
|
36,413 |
|
|
Operating income
|
|
|
2,711 |
|
|
|
(381 |
) |
|
|
2,330 |
|
|
|
5,580 |
|
|
|
(788 |
) |
|
|
4,792 |
|
|
|
|
|
|
|
|
|
Income (loss) before income taxes
|
|
|
2,326 |
|
|
|
(381 |
) |
|
|
1,945 |
|
|
|
2,556 |
|
|
|
(788 |
) |
|
|
1,768 |
|
|
Income tax (expense) benefit
|
|
|
(957 |
) |
|
|
150 |
|
|
|
(807 |
) |
|
|
(819 |
) |
|
|
311 |
|
|
|
(508 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss)
|
|
|
1,369 |
|
|
|
(231 |
) |
|
|
1,138 |
|
|
|
1,737 |
|
|
|
(477 |
) |
|
|
1,260 |
|
|
|
|
|
|
|
|
|
Net income (loss) per share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
$ |
0.06 |
|
|
$ |
(0.01 |
) |
|
$ |
0.05 |
|
|
$ |
0.08 |
|
|
$ |
(0.02 |
) |
|
$ |
0.06 |
|
|
Diluted
|
|
$ |
0.06 |
|
|
$ |
(0.01 |
) |
|
$ |
0.05 |
|
|
$ |
0.08 |
|
|
$ |
(0.02 |
) |
|
$ |
0.06 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three months ended
December 31, 2015 |
|
|
Twelve months ended
December 31, 2015 |
|
|
Consolidated Statement of Operations:
|
|
As
Previously
Reported |
|
|
Adjustments |
|
|
As
Restated |
|
|
As
Previously
Reported |
|
|
Adjustments |
|
|
As
Restated |
|
|
Net revenues:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rentals
|
|
$ |
16,932 |
|
|
$ |
(796 |
) |
|
$ |
16,136 |
|
|
$ |
64,536 |
|
|
$ |
(1,584 |
) |
|
$ |
62,952 |
|
|
Net revenues
|
|
|
19,538 |
|
|
|
(796 |
) |
|
|
18,742 |
|
|
|
72,125 |
|
|
|
(1,584 |
) |
|
|
70,541 |
|
|
Gross profit
|
|
|
13,983 |
|
|
|
(796 |
) |
|
|
13,187 |
|
|
|
51,184 |
|
|
|
(1,584 |
) |
|
|
49,600 |
|
|
Operating income
|
|
|
3,284 |
|
|
|
(796 |
) |
|
|
2,488 |
|
|
|
8,864 |
|
|
|
(1,584 |
) |
|
|
7,280 |
|
|
|
|
|
|
|
|
|
Income (loss) before income taxes
|
|
|
3,017 |
|
|
|
(796 |
) |
|
|
2,221 |
|
|
|
5,573 |
|
|
|
(1,584 |
) |
|
|
3,989 |
|
|
Income tax (expense) benefit
|
|
|
(1,011 |
) |
|
|
315 |
|
|
|
(696 |
) |
|
|
(1,830 |
) |
|
|
626 |
|
|
|
(1,204 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss)
|
|
|
2,006 |
|
|
|
(481 |
) |
|
|
1,525 |
|
|
|
3,743 |
|
|
|
(958 |
) |
|
|
2,785 |
|
|
|
|
|
|
|
|
|
Net income (loss) per share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
$ |
0.09 |
|
|
$ |
(0.02 |
) |
|
$ |
0.07 |
|
|
$ |
0.17 |
|
|
$ |
(0.04 |
) |
|
$ |
0.13 |
|
|
Diluted
|
|
$ |
0.09 |
|
|
$ |
(0.02 |
) |
|
$ |
0.07 |
|
|
$ |
0.16 |
|
|
$ |
(0.04 |
) |
|
$ |
0.12 |
|
|