Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.3.1.900
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
ASSETS    
Cash and cash equivalents (Note 2) $ 1,664 $ 2,926
Accounts receivable, net(Note 2) 4,000 5,836
Inventory,net (Note 2) 4,331 3,292
Prepaid expenses and other current assets (Note 2) 1,884 1,404
Total current assets 11,879 13,458
Property, plant and equipment, net of accumulated depreciation of $4,708 and $4,341, respectively (Note 3) 2,950 2,599
Total assets 14,829 16,057
LIABILITIES:    
Accounts payable 990 667
Accrued advertising and other allowances (Note 2) 2,508 3,685
Other current liabilities (Note 4 and 5) 1,036 889
Total current liabilities $ 4,534 5,241
Other long term obligations (Note 5) $ 100
Secured promissory notes, net (Note 5) $ 1,466
Total long term liabilities $ 1,466 $ 100
COMMITMENTS AND CONTINGENCIES (Note 9)
STOCKHOLDERS' EQUITY:    
Preferred stock, authorized 1,000,000, $.0005 par value, no shares issued (Note 6)
Common stock, $.0005 par value; authorized 50,000,000; issued 26,313,593 and 25,125,113 shares, respectively (Note 6) $ 13 $ 13
Additional paid-in-capital 56,377 54,664
Accumulated deficit (16,819) (13,219)
Treasury stock, at cost 9,232,817 shares (Note 6) (30,742) (30,742)
Total stockholders' equity 8,829 10,716
Total liabilities and stockholders' equity $ 14,829 $ 16,057