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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 10,756 $ 7,946
Accounts receivable, net 14,441 13,927
Employee retention credit receivable 0 1,500
Inventories 15,408 12,028
Other current assets 707 724
Total current assets 41,312 36,125
Fixed assets, net of accumulated depreciation of $18,193 and $17,656, respectively 2,838 2,781
Right-of-use asset, net 2,053 2,488
Goodwill 2,621 2,621
Deferred tax assets 6,565 7,327
Intangible assets, net of accumulated amortization of $1,441 and $1,364, respectively 165 242
Other assets 333 248
Total noncurrent assets 14,575 15,707
Total assets 55,887 51,832
Current liabilities:    
Current portion of revolving loan payable 2,250 2,250
Accounts payable 6,321 7,395
Accrued liabilities 5,511 4,077
Lease liability 904 875
Deferred revenue 1,222 1,329
Total current liabilities 16,208 15,926
Deferred revenue, net of current portion 152 143
Lease liability, net of current portion 1,210 1,683
Other liabilities 227 218
Total noncurrent liabilities 1,589 2,044
Total liabilities 17,797 17,970
Commitments and contingencies (see Notes 5 and 7)
Shareholders' equity:    
Common stock, $0.01 par value, 20,000,000 shares authorized; 14,001,935 and 13,956,725 shares issued, respectively; 9,957,093 and 9,911,883 shares outstanding, respectively 140 139
Additional paid-in capital 56,594 56,282
Retained earnings 13,534 9,630
Accumulated other comprehensive loss, net of tax (68) (79)
Treasury stock, at cost (4,044,842 shares) (32,110) (32,110)
Total shareholders' equity 38,090 33,862
Total liabilities and shareholders' equity $ 55,887 $ 51,832