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, 2011
Dec. 31, 2010
ASSETS    
Cash and cash equivalents (Note 2) $ 5,541 $ 8,232
Accounts receivable, net of allowance for doubtful accounts of zero and $13, respectively (Note 2) 3,219 4,821
Inventory (Note 2) 2,688 1,682
Prepaid expenses and other current assets 1,747 883
Assets held for sale (Notes 2 and 4) 0 138
Total current assets 13,195 15,756
Intangible asset, licensed technology (Note 3) 3,577 3,577
Property, plant and equipment, net of accumulated depreciation of $3,608 and $3,389, respectively (Note 4) 2,307 2,362
Assets 19,079 21,695
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 885 489
Accrued royalties and sales commissions (Note 5) 3,524 3,524
Accrued advertising and other allowances 2,959 3,524
Other current liabilities 485 698
Total current liabilities 7,853 8,235
COMMITMENTS AND CONTINGENCIES (Note 7) 0 0
STOCKHOLDERS' EQUITY    
Common stock, $.0005 par value; authorized 50,000,000; issued: 20,161,636 and 19,353,672 shares, respectively (Note 8) 10 10
Additional paid-in-capital 41,552 40,627
Accumulated deficit (4,699) (1,989)
Treasury stock, at cost, 5,336,053 and 4,646,053 shares, respectively (Note 8) (25,637) (25,188)
Total stockholders' equity 11,226 13,460
Liabilities and Stockholders' Equity, Total $ 19,079 $ 21,695