XML 15 R2.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 13,777 $ 24,185
Restricted cash 944 944
Accounts receivable, net of allowance of $973 and $987 in 2022 and 2021, respectively 218 90
Income tax receivable 423 342
Inventories, net 14,726 12,020
Prepaid expenses and other current assets 2,389 2,888
Deferred commissions 2,476 2,369
Total current assets 34,953 42,838
Long-lived assets 3,759 4,239
Construction in progress 378 1,357
Long-term restricted cash 476 503
Other assets 8,439 9,220
Deferred Tax Assets, Net 1,501 2,825
Total assets 49,128 59,625
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Current portion of finance leases 61 68
Accounts payable 4,361 3,969
Accrued expenses 7,510 9,224
Commissions and incentives payable 9,256 9,611
Taxes payable 3,281 2,154
Current notes payable 263 205
Deferred revenue 5,106 4,867
Total current liabilities 29,838 30,098
Finance leases, excluding current portion 88 66
Other long-term liabilities 5,026 5,049
Total liabilities 34,952 35,213
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 1,858,800 shares outstanding as of December 31, 2022 and 2,742,857 shares issued and 1,940,687 shares outstanding as of December 31, 2021 0 0
Additional paid-in capital 33,377 33,277
Retained earnings 1,686 7,708
Accumulated other comprehensive (loss) income (208) 2,342
Treasury stock, at average cost, 884,057 shares as of December 31, 2022 and 802,170 shares as of December 31, 2021 (20,679) (18,915)
Total shareholders’ equity 14,176 24,412
Total liabilities and shareholders’ equity $ 49,128 $ 59,625