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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current Assets    
Cash $ 1,300 $ 643 [1]
Restricted Cash 792 1,582 [1]
Accounts Receivable, less allowances of $257 and $328 15,497 14,548 [1]
Employee Retention Credit Receivable 5,209 5,209 [1]
Inventories, Net 23,610 19,434 [1]
Contract Assets 9,886 8,698 [1]
Prepaid Expenses and Other Current Assets 1,851 1,660 [1]
Total Current Assets 58,145 51,774 [1]
Property and Equipment, Net 6,457 5,833 [1]
Operating Lease Assets 8,079 8,983 [1]
Other Intangible Assets, Net 433 501 [1]
Total Assets 73,114 67,091 [1]
Current Liabilities    
Current Portion of Finance Lease Obligations 390 601 [1]
Current Portion of Operating Lease Obligations 1,113 1,043 [1]
Accounts Payable 14,701 12,710 [1]
Accrued Payroll and Commissions 5,116 4,045 [1]
Customer Deposits 3,870 2,936 [1]
Other Accrued Liabilities 1,380 971 [1]
Total Current Liabilities 26,570 22,306 [1]
Long-Term Liabilities    
Long Term Line of Credit 9,826 8,959 [1]
Long Term Finance Lease Obligations, Net 639 916 [1]
Long-Term Operating Lease Obligations, Net 7,797 8,695 [1]
Other Long-Term Liabilities 99 104 [1]
Total Long-Term Liabilities 18,361 18,674 [1]
Total Liabilities 44,931 40,980 [1]
Commitments and contingencies
Shareholders' Equity    
Preferred Stock, $1 par value; 1,000,000 Shares Authorized: 250,000 Shares Issued and Outstanding 250 250 [1]
Common Stock - $0.01 par value; 9,000,000 Shares Authorized: 2,683,513 and 2,672,064 Shares Issued and Outstanding, respectively 27 27 [1]
Additional Paid-In Capital 16,247 15,962 [1]
Accumulated Other Comprehensive (Income) Loss (548) 56 [1]
Retained Earnings 12,207 9,816 [1]
Total Shareholders' Equity 28,183 26,111 [1]
Total Liabilities and Shareholders' Equity $ 73,114 $ 67,091 [1]
[1] The condensed consolidated balance sheet at December 31, 2021 has been derived from the audited financial statements at that date