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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 2,555 $ 4,473
Accounts receivable, net 10,369 7,174
Inventories 9,019 11,296
Prepaid income taxes 200  
Deferred tax assets 1,762 1,932
Other current assets 480 437
Total current assets 24,385 25,312
Fixed assets, net of accumulated depreciation of $18,771 and 18,336, respectively 2,441 2,507
Goodwill 2,621 2,621
Deferred tax assets 1,223 1,213
Intangible assets, net of accumulated amortization of $2,943, and $2,779, respectively 724 888
Other assets 28 28
7,037 7,257
Total assets 31,422 32,569
Current liabilities:    
Accounts payable 4,512 2,642
Accrued liabilities 2,183 2,838
Income taxes payable 4 245
Deferred revenue 152 604
Total current liabilities 6,851 6,329
Deferred revenue, net of current portion 78 77
Deferred rent, net of current portion 199 189
Other liabilities 284 246
561 512
Total liabilities 7,412 6,841
Shareholders’ equity:    
Common stock, $0.01 par value, 20,000,000 shares authorized; 11,185,331 and 11,170,881 shares issued, respectively; 7,508,951 and 7,782,292 shares outstanding, respectively 112 112
Additional paid-in capital 29,348 28,921
Retained earnings 23,102 22,956
Accumulated other comprehensive loss, net of tax (98) (80)
Treasury stock, at cost, 3,676,380 and 3,388,589 shares, respectively (28,454) (26,181)
Total shareholders’ equity 24,010 25,728
Total liabilities and shareholders’ equity $ 31,422 $ 32,569