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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and cash equivalents $ 7,911 $ 7,731
Restricted cash 938 938
Accounts receivable, net of allowance of $1,200 and $1,278 320 91
Income tax receivable 450 465
Inventories, net 13,679 14,535
Prepaid expenses and other current assets 3,146 1,774
Deferred commissions 1,836 2,130
Total current assets 28,280 27,664
Property and equipment, net 3,769 4,147
Long-term restricted cash 693 718
Other assets 6,711 7,066
Deferred tax assets, net 1,605 1,611
Total assets 41,058 41,206
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Current portion of finance leases 265 269
Accounts payable 4,882 4,010
Accrued expenses 5,899 6,779
Commissions and incentives payable 8,419 8,175
Taxes payable 1,922 1,521
Current notes payable 525 240
Deferred revenue 4,235 4,786
Total current liabilities 26,147 25,780
Finance leases, excluding current portion 888 956
Other long-term liabilities 3,578 3,986
Total liabilities 30,613 30,722
Commitments and contingencies 0 0
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 1,884,814 shares outstanding as of March 31, 2024 and 2,742,857 shares issued and 1,860,154 shares outstanding as of December 31, 2023 0 0
Additional paid-in capital 32,948 33,309
Accumulated deficit (121) (1,301)
Accumulated other comprehensive loss (2,446) (1,015)
Treasury stock, at average cost, 858,043 shares as of March 31, 2024 and 882,703 shares as of December 31, 2023 (19,936) (20,509)
Total shareholders’ equity 10,445 10,484
Total liabilities and shareholders’ equity $ 41,058 $ 41,206