Out of memory on Panda II

I have been developing my application and now when I go to deply, I get the following error. Am I out of memory? Other apps like the Fez Connect Web Server continue to deploy fine.

Incrementally deploying assemblies to device
Deploying assemblies for a total size of 170840 bytes
Assemblies not successfully deployed to device.
Deployment to the device was not successful.

Yes. You have only ~148K

Okay, thanks!