Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.6.0.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current Assets:    
Cash and cash equivalents $ 3,398 $ 818
Accounts receivable, less allowance for doubtful accounts of $4,989 and $4,737 at December 31, 2016 and 2015, respectively 11,581 12,622
Inventories 2,166 1,916
Other current assets 949 861
Deferred income taxes 2,675 2,743
Total Current Assets 20,769 18,960
Medical equipment held for sale or rental 1,642 2,277
Medical equipment in rental service, net of accumulated depreciation 28,036 27,837
Property & equipment, net of accumulated depreciation 1,997 2,370
Intangible assets, net 31,239 31,534
Deferred income taxes 12,436 12,128
Other assets 225 251
Total Assets 96,344 95,357
Current Liabilities:    
Accounts payable 5,315 6,586
Capital leases 2,938 3,187
Current portion of long-term debt 5,314 1,842
Other current liabilities 2,872 3,641
Total Current Liabilities 16,439 15,256
Long-term debt, net of current portion 26,577 26,548
Capital leases 2,573 3,233
Other long-term liabilities 66  
Total Long-Term Liabilities 29,216 29,781
Total Liabilities 45,655 45,037
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 22,867,335 and 22,669,675, as of December 31, 2016 and issued and outstanding 22,739,550 and 22,541,890, as of December 31, 2015, respectively. 2 2
Additional paid-in capital 91,829 91,238
Retained deficit (41,142) (40,920)
Total Stockholders' Equity 50,689 50,320
Total Liabilities and Stockholders' Equity $ 96,344 $ 95,357