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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 3,456 $ 1,918
Trade accounts receivable, net 7,902 10,616
Inventories, net 23,952 22,105
Prepaid expenses and other current assets 1,892 1,578
Total current assets 37,202 36,217
Property, plant and equipment, net 5,366 4,884
Operating lease right-of-use (ROU) assets 1,560 1,991
Investments 742 1,481
Deferred tax assets, net 4,116 4,116
Other assets 422 143
Total assets 49,408 48,832
Current liabilities:    
Accounts payable 9,822 12,898
Accrued compensation and related taxes 1,302 1,143
Accrued warranty expense 722 591
Accrued other expenses and other current liabilities 363 700
Short-term operating lease liabilities 525 485
Credit facility 6,476 5,854
Notes payable-current portion 71 277
Deferred revenue 1,137 1,022
Total current liabilities 20,418 22,970
Notes payable, net of current portion 0 329
Long-term operating lease liabilities 1,260 1,785
Deferred revenue 6,419 3,613
Total liabilities 28,097 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; 3,867,082 and 3,686,939 issued and 3,577,002 and 3,396,859 outstanding shares as of December 31, 2023 and 2022, respectively 2,320 2,212
Additional paid-in capital 48,602 45,304
Accumulated deficit (24,209) (21,979)
Treasury stock, at cost, 290,080 shares as of December 31, 2023, and 2022, respectively (5,402) (5,402)
Total stockholders' equity 21,311 20,135
Total liabilities and stockholders' equity $ 49,408 $ 48,832