Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
ASSETS    
Cash and cash equivalents (Note 2) $ 572 $ 5,541
Accounts receivable (Note 2) 5,409 3,219
Inventory (Note 2) 2,051 2,688
Prepaid expenses and other current assets (Note 2) 2,687 1,747
Total current assets 10,719 13,195
Property, plant and equipment, net of accumulated depreciation of $3,860 and $3,608, respectively (Note 3) 2,365 2,307
Intangible asset, licensed technology (Note 8) 3,577 3,577
Total assets 16,661 19,079
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 1,296 885
Accrued advertising and other allowances (Note 2) 2,760 2,959
Other current liabilities (Note 4) 854 485
Accrued royalties and sales commissions (Note 5) 0 3,524
Total current liabilities 4,910 7,853
Other long term obligation (Note 5) 300 0
Total long term liabilities 300 0
COMMITMENTS AND CONTINGENCIES (Note 5) 0 0
STOCKHOLDERS' EQUITY    
Common stock, $.0005 par value; authorized 50,000,000; issued: 21,056,115 and 20,161,636 shares, respectively (Note 6) 11 10
Additional paid-in-capital 42,867 41,552
Accumulated deficit (5,790) (4,699)
Treasury stock, at cost, 5,336,053 and 5,336,053 shares, respectively (Note 6) (25,637) (25,637)
Total stockholders' equity 11,451 11,226
Liabilities and Stockholders' Equity, Total $ 16,661 $ 19,079