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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 4,066 $ 1,918
Trade accounts receivable, net 9,110 10,616
Inventories, net 21,573 22,105
Prepaid expenses and other current assets 1,963 1,578
Total current assets 36,712 36,217
Property, plant and equipment, net 5,501 4,884
Right-of-use (ROU) assets 1,669 1,991
Investments 650 1,481
Deferred tax assets, net 4,116 4,116
Other assets 420 143
Total assets 49,068 48,832
Current liabilities:    
Accounts payable 11,763 12,898
Accrued compensation and related taxes 1,555 1,143
Accrued warranty expense 736 591
Accrued other expenses and other current liabilities 642 700
Short-term lease liabilities 514 485
Credit facility 6,459 5,854
Notes payable-current portion 94 277
Deferred revenue 1,110 1,022
Total current liabilities 22,873 22,970
Notes payable, net of current portion 0 329
Long-term lease liabilities 1,396 1,785
Deferred revenue 6,185 3,613
Total liabilities 30,454 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; 10,000,000 authorized shares; 3,722,970 and 3,686,939 issued and 3,432,890 and 3,396,859 outstanding shares as of September 30, 2023, and December 31, 2022, respectively 2,234 2,212
Additional paid-in capital 46,281 45,304
Accumulated deficit (24,499) (21,979)
Treasury stock, at cost, 290,080 shares as of September 30, 2023, and December 31, 2022, respectively (5,402) (5,402)
Total stockholders' equity 18,614 20,135
Total liabilities and stockholders' equity $ 49,068 $ 48,832