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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 12,315 $ 12,159
Accounts receivable-trade, net of allowance of $31 at March 31, 2024 and December 31, 2023, respectively 420 264
Inventory 36,675 37,993
Income tax receivable 248 248
Prepaid expenses 403 475
Other current assets 99 113
Total current assets 50,160 51,252
Property and equipment, at cost 29,875 28,678
Less accumulated depreciation (18,426) (18,131)
Property and equipment, net 11,449 10,547
Operating lease assets 9,503 8,995
Financing lease assets 0 23
Deferred income taxes 880 880
Other assets 440 438
TOTAL ASSETS 72,432 72,135
CURRENT LIABILITIES:    
Accounts payable-trade 2,215 2,333
Accrued expenses and other liabilities 1,986 3,140
Income taxes payable 449 288
Current portion of operating lease liabilities 3,194 3,172
Total current liabilities 7,844 8,933
Deferred income taxes 9 9
Uncertain tax positions 388 388
Other non-current liabilities 210 205
Operating lease liabilities, non-current 6,743 6,253
Finance lease liabilities, non-current 0 1
COMMITMENTS AND CONTINGENCIES (Note 6)
STOCKHOLDERS' EQUITY:    
Common stock, $0.0024 par value; 25,000,000 shares authorized; 9,826,348 and 9,823,621 shares issued at March 31, 2024 and December 31, 2023, respectively; 8,401,972 and 8,399,245 shares outstanding at March 31, 2024 and December 31, 2023, respectively 23 23
Paid-in capital 4,178 3,981
Retained earnings 64,184 63,659
Treasury stock at cost (1,424,376 shares at March 31, 2024 and December 31, 2023 respectively) (9,773) (9,773)
Accumulated other comprehensive loss, net of tax (1,374) (1,544)
Total stockholders' equity 57,238 56,346
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 72,432 $ 72,135