Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Current Assets:    
Cash and cash equivalents $ 791 $ 515
Accounts receivable, less allowance for doubtful accounts of $4,788 and $4,739 at June 30, 2015 and December 31, 2014, respectively 12,304 10,300
Inventory 1,898 1,758
Other current assets 1,044 633
Deferred income taxes 2,252 2,252
Total Current Assets 18,289 15,458
Medical Equipment held for sale or rental 3,959 2,255
Medical equipment in rental service, net of accumulated depreciation 22,720 19,814
Property & equipment, net of accumulated depreciation 2,390 2,451
Deferred debt issuance costs, net 150 1,194
Goodwill 3,585  
Intangible assets, net 26,584 25,073
Deferred income taxes 13,878 13,756
Other assets 224 212
Total Assets 91,779 80,213
Current Liabilities:    
Accounts payable 6,306 5,215
Current portion of long-term debt 6,744 6,452
Other current liabilities 3,188 3,062
Total Current Liabilities 16,238 14,729
Long-term debt, net of current portion 28,033 19,032
Total Liabilities $ 44,271 $ 33,761
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 22,631,950 and 22,434,259, respectively, as of June 30, 2015 and 22,506,421 and 22,308,730, respectively, as of December 31, 2014 $ 2 $ 2
Additional paid-in capital 90,842 90,155
Retained deficit (43,336) (43,705)
Total Stockholders' Equity 47,508 46,452
Total Liabilities and Stockholders' Equity $ 91,779 $ 80,213