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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 6,644 $ 7,946
Accounts receivable, net 17,022 13,927
Employee retention credit receivable 0 1,500
Inventories 12,390 12,028
Other current assets 910 724
Total current assets 36,966 36,125
Fixed assets, net of accumulated depreciation of $17,869 and $17,656, respectively 2,882 2,781
Right-of-use asset, net 2,274 2,488
Goodwill 2,621 2,621
Deferred tax assets 6,828 7,327
Intangible assets, net of accumulated amortization of $1,402 and $1,364, respectively 204 242
Other assets 225 248
Total noncurrent assets 15,034 15,707
Total assets 52,000 51,832
Current liabilities:    
Current portion of revolving loan payable 2,250 2,250
Accounts payable 4,574 7,395
Accrued liabilities 4,061 4,077
Lease liability 891 875
Deferred revenue 1,205 1,329
Total current liabilities 12,981 15,926
Deferred revenue, net of current portion 148 143
Lease liability, net of current portion 1,449 1,683
Other liabilities 226 218
Total noncurrent liabilities 1,823 2,044
Total liabilities 14,804 17,970
Commitments and contingencies (see Notes 5 and 7)
Shareholders' equity:    
Common stock, $0.01 par value, 20,000,000 shares authorized; 13,998,535 and 13,956,725 shares issued, respectively; 9,953,693 and 9,911,883 shares outstanding, respectively 140 139
Additional paid-in capital 56,474 56,282
Retained earnings 12,769 9,630
Accumulated other comprehensive loss, net of tax (77) (79)
Treasury stock, at cost (4,044,842 shares) (32,110) (32,110)
Total shareholders' equity 37,196 33,862
Total liabilities and shareholders' equity $ 52,000 $ 51,832