December 31, 2020

As Previously Reported

Restatement Adjustment

As Restated

Current assets

Cash and cash equivalents

$

7,926

$

–

$

7,926

Accounts receivable, net of allowance for doubtful accounts and discounts & allowances of $1,350 at December 31, 2020

8,002

–

8,002

Inventories, net

6,930

–

6,930

Prepaid expenses and other current assets

1,163

–

1,163

Refundable income taxes

31

–

31

Total current assets

24,052

–

24,052

Property, plant and equipment, net

21,048

–

21,048

Operating lease right-of use asset

345

–

345

Intangible assets

Goodwill and indefinite-lived intangibles

12,824

1,180

14,004

Other intangible assets, net

–

Total intangible assets

12,824

1,180

14,004

Other Assets

1,800

–

1,800

Total assets

$

60,069

$

1,180

$

61,249

Current liabilities

Accounts payable

$

5,592

–

$

5,592

Accrued expenses

2,196

–

2,196

Accrued income taxes

653

–

653

Total current liabilities

8,441

–

8,441

Line of credit

2,768

–

2,768

Operating lease liabilities

165

–

165

Deferred income taxes, net

1,764

1,180

2,944

Other long-term liabilities

77

–

77

Total liabilities

13,215

1,180

14,395

Commitments and contingencies

–

Stockholders’ equity

Preferred stock, no par value; 2,500 shares authorized; none issued

–

Common stock, no par value; 40,000 shares authorized; 17,274 shares issued; 15,604 shares outstanding at 2020

6,509

–

6,509

Paid-in capital

2,600

–

2,600

Treasury stock, at cost

(12,450

)

–

(12,450

)

Retained earnings

50,195

–

50,195

Total stockholders’ equity

46,854

–

46,854

Total liabilities and stockholders’ equity

$

60,069

$

1,180

$

61,249