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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 2,555 $ 2,552
Restricted cash 1,473 1,101
Accounts receivable, net of allowances of $304 and $262, respectively 1,635 1,682
Unbilled revenue 3,124 5,005
Income tax receivable 102 102
Inventories, net of allowances of $4,118 and $3,871, respectively 8,469 9,563
Prepaid expenses and other current assets 1,308 1,399
Total current assets 18,666 21,404
Property and equipment, at cost:    
Machinery and equipment 5,543 5,542
Leasehold improvements 899 899
Total property and equipment, at cost 6,442 6,441
Less: Accumulated depreciation (3,295) (3,057)
Net property and equipment 3,147 3,384
Right-of-use lease assets 1,302 1,540
Intangibles, net of accumulated amortization 629 709
Goodwill 58 58
Other assets 207 123
Total assets 24,009 27,218
Current liabilities:    
Accounts payable 8,755 9,407
Accrued expenses 1,552 1,445
Deferred revenue 207 148
Right-of-use lease obligations, current 1,069 1,204
Finance lease obligations, current 645 636
Other current liabilities 532 442
Total current liabilities 12,760 13,282
Right-of-use lease obligations, long-term 463 635
Finance lease obligations, long-term 1,088 1,254
Total liabilities 14,311 15,171
Shareholders’ equity:    
Common stock, $0.01 par value; 30,000,000 shares authorized; 14,788,857 and 14,132,033 shares issued and outstanding, respectively 148 141
Paid in capital 2,977 2,585
Retained earnings 6,573 9,321
Total shareholders’ equity 9,698 12,047
Total liabilities and shareholders’ equity $ 24,009 $ 27,218