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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 6,494 $ 9,233
Accounts receivable, net of allowance for doubtful accounts and discounts & allowances of $1,220 and $1,170 at June 30, 2022 and December 31, 2021 respectively 10,354 9,930
Inventories, net 8,436 8,285
Prepaid expenses and other current assets 1,100 1,254
Refundable income taxes 784 344
Total current assets 27,168 29,046
Property, plant and equipment, net 20,595 20,130
Operating lease right-of-use asset 179 216
Goodwill 11,704 11,704
Intangible assets, net 7,708 7,978
Other assets 1,800 1,800
Total assets 69,154 70,874
Current liabilities    
Current portion of note payable 1,000 1,000
Accounts payable 6,859 6,614
Accrued expenses 3,166 3,724
Accrued income taxes 0 725
Total current liabilities 11,025 12,063
Line of credit 2,777 2,777
Note payable 2,973 3,470
Operating lease liabilities 86 85
Deferred income taxes, net 3,201 3,201
Other long-term liabilities 0 147
Total liabilities 20,062 21,743
Commitments and contingencies
Stockholders' equity    
Preferred stock, no par value; 2,500 shares authorized; no shares issued or outstanding at June 30, 2022 and December 31, 2021 0 0
Common stock, no par value; 40,000 shares authorized; 17,274 shares issued; 15,473 and 15,435 outstanding at June 30, 2022 and December 31, 2021, respectively 6,509 6,509
Paid-in capital 3,008 2,552
Treasury stock, at cost (13,156) (13,436)
Retained earnings 52,731 53,506
Total stockholders' equity 49,092 49,131
Total liabilities and stockholders' equity $ 69,154 $ 70,874