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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
[1]
Current Assets    
Cash $ 384 $ 352
Restricted Cash 598 3,212
Accounts Receivable, less allowances of $722 and $343 12,507 15,625
Inventories, net 17,079 13,917
Contract Assets 6,677 5,899
Income Taxes Receivable 1,343 547
Prepaid Expenses and Other Current Assets 1,784 1,485
Total Current Assets 40,372 41,037
Property and Equipment, Net 5,920 6,426
Assets Held For Sale 442
Operating Lease Assets 9,594 8,998
Other Intangible Assets, Net 1,172 1,173
Total Assets 57,500 57,634
Current Liabilities    
Current Maturities of Long-Term Debt 1,964 1,204
Current Portion of Finance Lease Obligations 671 660
Current Portion of Operating Lease Obligations 972 688
Accounts Payable 13,006 11,239
Accrued Payroll and Commissions 3,591 2,870
Other Accrued Liabilities 2,490 2,875
Total Current Liabilities 22,694 19,536
Long-Term Liabilities    
Long Term Line of Credit 2,200 3,328
Long-Term Debt, Net of Current Maturities 4,995 5,865
Long Term Finance Lease Obligations, Net 979 1,152
Long-Term Operating Lease Obligations, Net 9,250 8,889
Other Long-Term Liabilities 231 146
Total Long-Term Liabilities 17,655 19,380
Total Liabilities 40,349 38,916
Commitments and Contingencies
Shareholders' Equity    
Preferred Stock, $1 par value; 1,000,000 Shares Authorized: 250,000 Shares Issued and Outstanding 250 250
Common Stock - $0.01 par value; 9,000,000 Shares Authorized: 2,660,330 and 2,659,628 Shares Issued and Outstanding, respectively 27 27
Additional Paid-In Capital 15,837 15,816
Accumulated Other Comprehensive Loss (71) (37)
Retained Earnings 1,108 2,662
Total Shareholders' Equity 17,151 18,718
Total Liabilities and Shareholders' Equity $ 57,500 $ 57,634
[1] The balance sheet at December 31, 2020 has been derived from the audited financial statements at that date