XML 16 R2.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
ASSETS    
Cash and cash equivalents $ 22,207 $ 24,762
Restricted cash 944 943
Accounts receivable, net of allowance of $817 and $708 in 2020 and 2019, respectively 186 955
Income tax receivable 1,008 220
Inventories, net 12,827 10,152
Prepaid expenses and other current assets 2,962 2,239
Deferred commissions 2,343 1,758
Total current assets 42,477 41,029
Property and equipment, net 4,494 5,261
Construction in progress 864 865
Long-term restricted cash 4,346 5,295
Other assets 11,977 9,592
Deferred tax assets, net 1,178 881
Total assets 65,336 62,923
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Current portion of finance leases 76 87
Accounts payable 4,797 3,526
Accrued expenses 8,691 8,209
Commissions and incentives payable 10,998 9,728
Taxes payable 1,400 2,187
Current notes payable 553 739
Deferred revenue 5,472 4,416
Total current liabilities 31,987 28,892
Finance leases, excluding current portion 129 176
Deferred tax liabilities 3 3
Long-term notes payable 0 363
Other long-term liabilities 7,245 6,214
Total liabilities 39,364 35,648
Commitments and contingencies (Note 11)
Shareholders’ equity:    
Preferred stock, $0.01 par value, 1,000,000 shares authorized, no shares issued or outstanding 0 0
Common stock, $0.0001 par value, 99,000,000 shares authorized, 2,742,857 shares issued and 2,071,081 shares outstanding as of December 31, 2020 and 2,742,857 shares issued and 2,381,131 shares outstanding as of December 31, 2019 0 0
Additional paid-in capital 33,795 34,143
Retained Earnings (accumulated deficit) 2,213 (690)
Accumulated other comprehensive income 5,150 3,757
Treasury stock, at average cost, 671,776 shares as of December 31, 2020 and 361,726 shares as of December 31, 2019, respectively (15,186) (9,935)
Total shareholders’ equity 25,972 27,275
Total liabilities and shareholders’ equity $ 65,336 $ 62,923