Quarterly report pursuant to sections 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Current Assets:    
Cash and cash equivalents $ 496 $ 1,138
Accounts receivable, less allowance for doubtful accounts of $5,875 and $4,774 at March 31, 2014 and December 31, 2013, respectively 12,099 10,697
Inventory 1,398 1,234
Other current assets 714 518
Deferred income taxes 2,296 2,296
Total Current Assets 17,003 15,883
Medical equipment held for sale or rental 2,955 3,664
Medical equipment in rental service, net of accumulated depreciation 15,405 14,438
Property & equipment, net of accumulated depreciation 915 872
Deferred debt issuance costs, net 1,661 1,817
Intangible assets, net 24,075 24,182
Deferred income taxes 15,998 16,300
Other assets 238 217
Total Assets 78,250 77,373
Current Liabilities:    
Accounts payable 5,153 4,736
Current portion of long-term debt 5,305 5,118
Other current liabilities 2,479 3,187
Total Current Liabilities 12,937 13,041
Long-term debt, net of current portion 21,864 21,609
Total Liabilities 34,801 34,650
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 22,195,958 and 21,998,268, respectively, as of March 31, 2014 and 22,158,041 and 21,960,351, respectively, as of December 31, 2013 2 2
Additional paid-in capital 89,925 89,783
Retained deficit (46,478) (47,062)
Total Stockholders' Equity 43,449 42,723
Total Liabilities and Stockholders' Equity $ 78,250 $ 77,373