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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 11,605 $ 7,946
Accounts receivable, net 12,184 13,927
Employee retention credit receivable 0 1,500
Inventories 17,559 12,028
Other current assets 1,306 724
Total current assets 42,654 36,125
Fixed assets, net of accumulated depreciation of $18,300 and $17,656, respectively 2,653 2,781
Right-of-use assets, net 1,824 2,488
Goodwill 2,621 2,621
Deferred tax assets 6,589 7,327
Intangible assets, net of accumulated amortization of $1,480 and $1,364, respectively 126 242
Other assets 198 248
Total noncurrent assets 14,011 15,707
Total assets 56,665 51,832
Current liabilities:    
Revolving loan payable 2,250 2,250
Accounts payable 6,239 7,395
Accrued liabilities 5,723 4,077
Lease liabilities 915 875
Deferred revenue 977 1,329
Total current liabilities 16,104 15,926
Deferred revenue, net of current portion 201 143
Lease liabilities, net of current portion 965 1,683
Other liabilities 221 218
Total noncurrent liabilities 1,387 2,044
Total liabilities 17,491 17,970
Commitments and contingencies (see Notes 5 and 7)
Shareholders' equity:    
Common stock, $0.01 par value, 20,000,000 shares authorized; 14,002,960 and 13,956,725 shares issued, respectively; 9,958,118 and 9,911,883 shares outstanding, respectively 140 139
Additional paid-in capital 56,807 56,282
Retained earnings 14,440 9,630
Accumulated other comprehensive loss, net of tax (103) (79)
Treasury stock, at cost (4,044,842 shares) (32,110) (32,110)
Total shareholders' equity 39,174 33,862
Total liabilities and shareholders' equity $ 56,665 $ 51,832