Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.7.0.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
CURRENT ASSETS    
Cash $ 5 $ 572
Cash - restricted   535
Trade receivables, net 17,799 13,603
Receivables from affiliates 92 1,413
Inventory 24,777 30,896
Prepaid expenses and other 824 537
Total current assets 43,497 47,556
NON-CURRENT ASSETS    
Property, plant and equipment, net 14,488 15,402
Intangible assets, net 24,551 25,824
Goodwill 30,579 30,579
Deferred financing costs - revolving loan facility 336 371
Deferred tax asset 926  
Total assets 114,377 119,732
LIABILITIES AND STOCKHOLDERS' EQUITY    
Note payable - current portion 2,150 3,000
Trade accounts payable 12,867 11,976
Payables to affiliates 1,504 2,298
Accrued compensation and benefits 1,077 1,073
Accrued warranties 1,866 1,870
Accrued product liability- short term 887 2,125
Accrued other 1,120 1,312
Income taxes payable 296  
Total current liabilities 21,767 23,654
NON-CURRENT LIABILITIES    
Revolving loan facility 9,417 15,605
Note payable - long term, net 16,190 26,265
Accrued product liability- long term 321  
Other long term liabilities 723 773
Total liabilities 48,418 66,297
STOCKHOLDERS' EQUITY    
Preferred stock, $0.001 par value, 5,000 authorized, none outstanding at June 30, 2017 and December 31, 2016, respectively
Common stock, $0.001 par value, 50,000 authorized, 9,800 and 8,000 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively 10  
Additional paid-in capital 65,317 54,787
Retained earnings (accumulated deficit) 632 (1,352)
Total Stockholders' Equity 65,959 53,435
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 114,377 $ 119,732