This is still cheap, in my opinion. Even with this quick run-up, this is a company trading for cash and about part of accounts receivable.
Last quarter Infosonics showed that some cost cutting measures resulted in about a break even quarter. There were probably still potential buyers waiting to see if they could follow through with another break even quarter, but what if they make a penny? Wouldn't the company be worth at least its book value of a dollar and change if it can do break even or better?