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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 1 $ 5
Accounts receivable, net 5,372 4,512
Inventories, net 4,726 3,988
Income taxes receivable 535 535
Prepaid expenses 562 596
Other current assets   112
Total current assets 11,196 9,748
Property and equipment, net 15 18
Deferred tax asset 881 784
Goodwill 5,280 5,280
Intangible assets, net 14,302 14,703
Operating lease right-of-use assets 2,922 2,985
Other assets 38 38
Total assets 34,634 33,556
Current liabilities:    
Accounts payable 3,197 1,799
Accrued expenses 558 296
Current portion of long-term debt 1,000 1,000
Operating lease liabilities, current portion 247 249
Other current liabilities 67 67
Total current liabilities 5,069 3,411
Long-term debt, net of current portion and debt issuance costs 4,220 4,521
Operating lease liabilities, net of current 2,970 3,032
Other liabilities 121 127
Total liabilities 12,380 11,091
Shareholders’ equity:    
Preferred stock, no par value, authorized 20,000 shares; no shares issued and outstanding
Common stock; $0.10 par value, authorized 50,000 shares; issued and outstanding 12,618 shares (2021) and 12,618 shares (2020) 1,262 1,262
Capital in excess of par 7,702 7,633
Retained earnings 13,290 13,570
Total shareholders’ equity 22,254 22,465
Total liabilities and shareholders’ equity $ 34,634 $ 33,556