Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 4,318 $ 3,469
Accounts receivable, net 9,593 11,284
Inventories 2,254 1,764
Other current assets 1,372 1,150
Total current assets 17,537 17,667
Medical equipment for sale or rental 1,601 1,567
Medical equipment in rental service, net of accumulated depreciation 23,488 23,369
Property & equipment, net of accumulated depreciation 1,445 1,633
Intangible assets, net 19,865 24,514
Other assets 137 131
Total assets 64,073 68,881
Current liabilities:    
Accounts payable 7,091 5,516
Capital lease liability, current 33 505
Current portion of long-term debt 4,903 3,039
Other current liabilities 2,763 3,414
Total current liabilities 14,790 12,474
Long-term debt, net of current portion 28,842 25,352
Capital lease liability, long-term 33
Deferred income taxes 62
Other long-term liabilities 7
Total liabilities 43,632 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 23,095,513 and 19,577,024, as of December 31, 2018, respectively, and issued and outstanding 22,978,398 and 22,780,738, as of December 31, 2017, respectively. 2 2
Additional paid-in capital 83,167 92,584
Retained deficit (62,728) (61,633)
Total stockholders’ equity 20,441 30,953
Total liabilities and stockholders’ equity $ 64,073 $ 68,881