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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 6,993 $ 6,748
Accounts receivable, net of allowance for doubtful accounts of $1,423 and $1,791, respectively 9,441 11,901
Prepaid expenses and other current assets 243 197
Total current assets 16,677 18,846
Property and equipment, net of accumulated depreciation of $4,300 and $3,264, respectively 1,925 2,567
Right of use assets-operating 1,261
Right of use assets-finance 316
Trademarks and trade names with indefinite lives 8,467 8,467
Other intangibles with finite lives, net of accumulated amortization of$8,737 and $8,684 respectively 53
Goodwill 8,347 13,192
Other assets 115 114
TOTAL ASSETS 37,108 43,239
Current liabilities:    
Accounts payable and accrued liabilities 3,815 5,071
Due to models 7,495 8,809
Lease liabilities – operating, current 1,055
Lease liabilities – finance, current 94
Term loan - current 1,257 623
Total current liabilities 13,716 14,503
Long term liabilities:    
Deferred income taxes, net 725 631
Lease liabilities – operating, non-current 328
Lease liabilities – finance, non-current 225
Term loan - non-current 743 2,000
Total long-term liabilities 2,021 2,631
Total liabilities 15,737 17,134
Shareholders’ equity:    
Common stock, $0.01 par value, 9,000,000 shares authorized; 6,472,038 shares issued at December 31, 2019 and December 31, 2018 65 65
Treasury stock, 1,309,861 and 1,264,154 at December 31, 2019 and December 31, 2018, at cost (6,352) (6,093)
Additional paid-in capital 88,471 88,255
Accumulated deficit (60,815) (56,029)
Accumulated other comprehensive income (loss) 2 (93)
Total shareholders’ equity 21,371 26,105
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 37,108 $ 43,239