Balance Sheet

v3.8.0.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
CURRENT ASSETS    
Cash $ 8 $ 572
Cash - restricted   535
Trade receivables, net 17,096 13,603
Receivables from affiliates 44 1,413
Inventory 25,123 30,896
Prepaid expenses and other 681 537
Total current assets 42,952 47,556
NON-CURRENT ASSETS    
Property, plant and equipment, net 14,252 15,402
Intangible assets, net 23,914 25,824
Goodwill 30,579 30,579
Deferred financing costs - revolving loan facility 317 371
Deferred tax asset 947  
Total assets 112,961 119,732
LIABILITIES AND STOCKHOLDERS' EQUITY    
Note payable - current portion 2,150 3,000
Trade accounts payable 14,209 11,976
Payables to affiliates 1,123 2,298
Accrued compensation and benefits 1,049 1,073
Accrued warranties 1,879 1,870
Accrued product liability- short term 915 2,125
Accrued other 1,139 1,312
Income taxes payable 31  
Total current liabilities 22,495 23,654
NON-CURRENT LIABILITIES    
Revolving loan facility 7,439 15,605
Note payable - long term, net 15,685 26,265
Accrued product liability- long term 82  
Other long-term liabilities 731 773
Total liabilities 46,432 66,297
STOCKHOLDERS' EQUITY    
Preferred stock, $0.001 par value, 5,000 authorized, none outstanding at September 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 September 30, 2017 and December 31, 2016, respectively 10  
Additional paid-in capital 65,367 54,787
Retained earnings (accumulated deficit) 1,152 (1,352)
Total Stockholders' Equity 66,529 53,435
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 112,961 $ 119,732

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