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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
[1]
Current Assets    
Cash $ 699 $ 1,027
Restricted Cash 422 1,454
Accounts Receivable, less allowances of $316 and $334 15,956 15,975
Employee Retention Credit Receivable 0 2,650
Inventories, Net 21,467 22,438
Contract Assets, less allowances of $22 and $0 11,746 9,982
Income Taxes Receivable 388 0
Prepaid Expenses 1,916 1,334
Total Current Assets 52,594 54,860
Property and Equipment, Net 6,135 6,408
Operating Lease Assets 6,955 7,850
Other Intangible Assets, Net 303 422
Total Assets 65,987 69,540
Current Liabilities    
Current Portion of Finance Lease Obligations 401 390
Current Portion of Operating Lease Obligations 996 1,155
Accounts Payable 13,099 14,792
Accrued Payroll and Commissions 3,976 4,803
Income Taxes Payable 27 733
Customer Deposits 3,861 3,515
Other Accrued Liabilities 839 1,010
Total Current Liabilities 23,199 26,398
Long-Term Liabilities    
Long Term Line of Credit 4,611 6,853
Long Term Finance Lease Obligations, Net 261 565
Long-Term Operating Lease Obligations, Net 6,835 7,549
Deferred Income Taxes 278 0
Other Long-Term Liabilities 95 95
Total Long-Term Liabilities 12,080 15,062
Total Liabilities 35,279 41,460
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: 2,739,377 and 2,690,633 Shares Issued and Outstanding, respectively 27 27
Additional Paid-In Capital 16,801 16,347
Accumulated Other Comprehensive Loss (688) (370)
Retained Earnings 14,318 11,826
Total Shareholders' Equity 30,708 28,080
Total Liabilities and Shareholders' Equity $ 65,987 $ 69,540
[1] The balance sheet at December 31, 2022 has been derived from the audited financial statements at that date