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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 10,251 $ 5,556
Accounts receivable, net of allowance for doubtful accounts of $1,580 and $1,635, respectively 8,858 7,146
Prepaid expenses and other current assets 91 105
Total current assets 19,200 12,807
Property and equipment, net of accumulated depreciation of $4,094 and $5,451, respectively 168 928
Right of use assets-operating 1,745 585
Right of use assets-finance 199 218
Trademarks and trade names with indefinite lives 8,467 8,467
Goodwill balance 7,547 7,547
Other assets 98 93
TOTAL ASSETS 37,424 30,645
Current liabilities:    
Accounts payable and accrued liabilities 3,707 2,867
Due to models 8,090 6,265
Deferred revenue 535 0
Lease liabilities – operating, current 463 435
Lease liabilities – finance, current 64 77
Term loans - current 0 414
Total current liabilities 12,859 10,058
Long term liabilities:    
Deferred income tax, net 2,048 1,449
Lease liabilities – operating, non-current 1,361 180
Lease liabilities – finance, non-current 143 149
Term loan - non-current 0 2,303
Total long-term liabilities 3,552 4,081
Total liabilities 16,411 14,139
Shareholders’ equity:    
Common stock, $0.01 par value, 9,000,000 shares authorized; 6,472,038 shares issued at December 31, 2021 and December 31, 2020 65 65
Treasury stock, 1,314,694 shares at December 31, 2021 and December 31, 2020, at cost (6,371) (6,371)
Additional paid-in capital 88,580 88,487
Accumulated deficit (61,238) (65,756)
Accumulated other comprehensive (loss) income (23) 81
Total shareholders’ equity 21,013 16,506
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 37,424 $ 30,645