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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 2,823 $ 1,918
Trade accounts receivable, net 10,790 10,616
Inventories, net 22,829 22,105
Prepaid expenses and other current assets 1,463 1,578
Total current assets 37,905 36,217
Property, plant and equipment, net 5,098 4,884
Right-of-use (ROU) assets 1,884 1,991
Investments 1,368 1,481
Deferred tax assets, net 4,116 4,116
Other assets 387 143
Total assets 50,758 48,832
Current liabilities:    
Accounts payable 14,070 12,898
Accrued compensation and related taxes 1,573 1,143
Accrued warranty expense 669 591
Accrued other expenses and other current liabilities 411 700
Short-term lease liabilities 494 485
Credit facility 6,884 5,854
Notes payable-current portion 279 277
Deferred revenue 1,029 1,022
Total current liabilities 25,409 22,970
Notes payable, net of current portion 258 329
Long-term lease liabilities 1,657 1,785
Deferred revenue 4,427 3,613
Total liabilities 31,751 28,697
Stockholders' equity:    
Preferred stock; $1.00 par value; 1,000,000 authorized shares; none issued or outstanding 0 0
Common stock; $0.60 par value; 50,000,000 authorized shares; 18,448,587 and 18,434,697 issued and 16,998,187 and 16,984,297 outstanding shares at March 31, 2023 and December 31, 2022, respectively 11,069 11,061
Additional paid-in capital 36,589 36,455
Accumulated deficit (23,249) (21,979)
Treasury stock, at cost, 1,450,400 shares at March 31, 2023, and December 31, 2022, respectively (5,402) (5,402)
Total stockholders' equity 19,007 20,135
Total liabilities and stockholders' equity $ 50,758 $ 48,832