Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.8.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 3,469 $ 3,398
Accounts receivable, less allowance for doubtful accounts of $6,514 and $4,989 at December 31, 2017 and 2016, respectively 11,385 11,581
Inventories 1,764 2,166
Other current assets 1,049 949
Deferred income taxes 2,675
Total Current Assets 17,667 20,769
Medical Equipment held for sale or rental 1,567 1,642
Medical equipment in rental service, net of accumulated depreciation 23,369 28,036
Property & equipment, net of accumulated depreciation 1,633 1,997
Intangible assets, net 24,514 31,239
Deferred income taxes 12,436
Other assets 131 225
Total Assets 68,881 96,344
Current Liabilities:    
Accounts payable 5,516 5,315
Capital lease liability, current 505 2,938
Current portion of long-term debt 3,039 5,314
Other current liabilities 3,414 2,872
Total Current Liabilities 12,474 16,439
Long-term debt, net of current portion 25,352 26,577
Capital lease liability, long-term 33 2,573
Deferred income taxes 62
Other long-term liabilities 7 66
Total Long-Term Liabilities 25,454 29,216
Total Liabilities 37,928 45,655
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 22,978,398 and 22,780,738, as of December 31, 2017, respectively, and issued and outstanding 22,867,335 and 22,669,675, as of December 31, 2016, respectively. 2 2
Additional paid-in capital 92,584 91,829
Retained deficit (61,633) (41,142)
Total Stockholders’ Equity 30,953 50,689
Total Liabilities and Stockholders’ Equity $ 68,881 $ 96,344