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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash $ 274 $ 69
Accounts receivable, net of allowance for doubtful accounts of $240 and $275 as of December 31, 2021 and 2020, respectively 1,765 1,741
Inventories 4,854 4,063
Prepaid and other current assets 785 231
Total current assets 7,678 6,104
Property, plant and equipment, net 290 372
License agreements, net 7 10
Intangible assets, net 755 927
Goodwill 493 493
Right of use assets, net 1,984 2,468
Other assets, net 703 756
Total assets 11,910 11,130
Current liabilities:    
Line of credit 2,400 2,145
Current portion of long-term debt 71 28
Current portion of lease liability 826 794
Accounts payable 2,264 2,014
Accrued compensation 298 370
Accrued benefit pension liability 16 17
Income taxes payable 34 28
Other accrued expenses 151 138
Total current liabilities 6,060 5,534
Subordinated convertible debt with related parties 1,372 791
Lease liability, net of current portion 993 1,771
Long-term debt, net of current portion 200 1,797
Total liabilities 8,625 9,893
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $.001 par value; authorized 5,000 shares; no shares outstanding as of December 31, 2021 and 2020, respectively
Common stock, $.001 par value; authorized 25,000 shares, 13,011 and 11,558 shares issued and outstanding as of December 31, 2021 and 2020, respectively 13 12
Paid-in capital 31,513 29,571
Accumulated deficit (27,310) (27,394)
Accumulated other comprehensive loss (931) (952)
Total stockholders’ equity 3,285 1,237
Total liabilities and stockholders' equity $ 11,910 $ 11,130