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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets    
Cash $ 15,839 $ 17,161
Cash – restricted 236 240
Trade receivables (net) 33,565 30,418
Other receivables 1,289 179
Inventory (net) 58,853 56,055
Prepaid expense and other current assets 3,712 2,218
Total current assets 113,494 106,271
Total fixed assets, net of accumulated depreciation of $17,599 and $17,444 at March 31, 2021 and December 31, 2020, respectively 17,777 18,723
Operating lease assets 3,752 4,068
Intangible assets (net) 14,633 15,671
Goodwill 26,729 27,472
Other long-term assets 1,143 1,143
Deferred tax assets 247 247
Total assets 177,775 173,595
Current liabilities    
Accounts payable 38,846 32,429
Accrued expenses 8,650 7,909
Related party payables 34 52
Notes payable 16,995 16,510
Current portion of finance lease obligations 344 344
Current portion of operating lease obligations 1,009 1,167
Customer deposits 1,771 2,363
Deferred income liability 3,747 3,747
Total current liabilities 71,396 64,521
Long-term liabilities    
Revolving term credit facilities 12,644 12,606
Notes payable (net) 13,067 13,625
Finance lease obligations (net of current portion) 4,128 4,221
Non-current operating lease obligations 2,743 2,901
Deferred gain on sale of property 567 587
Deferred tax liability 1,317 1,333
Other long-term liabilities 4,723 4,892
Total long-term liabilities 39,189 40,165
Total liabilities 110,585 104,686
Commitments and contingencies
Equity    
Preferred Stock—Authorized 150,000 shares, no shares issued or outstanding at March 31, 2021 and December 31, 2020
Common Stock—no par value 25,000,000 shares authorized, 19,900,790 and 19,821,090 shares issued and outstanding at March 31, 2021, and December 31, 2020, respectively 131,991 131,455
Paid in capital 2,740 3,025
Retained deficit (64,635) (63,863)
Accumulated other comprehensive loss (2,906) (1,708)
Total equity 67,190 68,909
Total liabilities and equity $ 177,775 $ 173,595