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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash $ 66 $ 770
Restricted cash 250 500
Accounts receivable, net 1,693 3,516
Inventories 5,842 5,677
Income taxes receivable 275 320
Prepaid expenses 293 436
Total current assets 8,419 11,219
Property and equipment, net 4 7
Goodwill 838 1,710
Intangible assets, net 2,359 5,160
Operating lease right-of-use assets 2,614 2,735
Other assets 38 38
Total assets 14,272 20,869
Current liabilities:    
Accounts payable 2,161 2,647
Accrued expenses 626 747
Current portion of long-term debt 180 1,000
Operating lease liabilities, current portion 259 251
Total current liabilities 3,226 4,645
Long-term debt, net of current portion and debt issuance costs 1,528 1,876
Operating lease liabilities, net of current 2,649 2,780
Other liabilities 27 27
Total liabilities 7,430 9,328
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 12,749 shares (2022) and 12,727 shares (2021) 1,275 1,273
Capital in excess of par 7,872 7,789
(Accumulated deficit) retained earnings (2,305) 2,479
Total shareholders’ equity 6,842 11,541
Total liabilities and shareholders’ equity $ 14,272 $ 20,869