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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current Assets    
Cash $ 781 $ 1,027 [1]
Restricted Cash 1,134 1,454 [1]
Accounts Receivable, less allowances of $303 and $334 17,404 15,975 [1]
Employee Retention Credit Receivable 0 2,650 [1]
Inventories, Net 21,078 22,438 [1]
Contract Assets, less allowances of $22 and $0 11,587 9,982 [1]
Prepaid Expenses 2,370 1,334 [1]
Total Current Assets 54,354 54,860 [1]
Property and Equipment, Net 6,485 6,408 [1]
Operating Lease Assets 7,253 7,850 [1]
Other Intangible Assets, Net 342 422 [1]
Total Assets 68,434 69,540 [1]
Current Liabilities    
Current Portion of Finance Lease Obligations 397 390 [1]
Current Portion of Operating Lease Obligations 1,056 1,155 [1]
Accounts Payable 15,343 14,792 [1]
Accrued Payroll and Commissions 3,004 4,803 [1]
Income Taxes Payable 347 733 [1]
Customer Deposits 3,321 3,515 [1]
Other Accrued Liabilities 931 1,010 [1]
Total Current Liabilities 24,399 26,398
Long-Term Liabilities    
Long Term Line of Credit 7,019 6,853 [1]
Long Term Finance Lease Obligations, Net 363 565 [1]
Long-Term Operating Lease Obligations, Net 7,069 7,549 [1]
Other Long-Term Liabilities 95 95 [1]
Total Long-Term Liabilities 14,546 15,062 [1]
Total Liabilities 38,945 41,460 [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: 2,737,178 and 2,690,633 Shares Issued and Outstanding, respectively 27 27 [1]
Additional Paid-In Capital 16,712 16,347 [1]
Accumulated Other Comprehensive Loss (611) (370) [1]
Retained Earnings 13,111 11,826 [1]
Total Shareholders' Equity 29,489 28,080 [1]
Total Liabilities and Shareholders' Equity $ 68,434 $ 69,540 [1]
[1] The balance sheet at December 31, 2022 has been derived from the audited financial statements at that date