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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current Assets    
Cash and Cash Equivalents $ 515,000 $ 2,505,000
Accounts Receivable, Net of Allowance for Doubtful Accounts of $698,000 and $964,000 12,210,000 8,798,000
Inventory 30,209,000 32,120,000
Prepaid Expenses and Other Current Assets 218,000 173,000
Prepaid Taxes 19,000 15,000
Total Current Assets 43,171,000 43,611,000
Property and Equipment, Net 8,795,000 9,581,000
Operating Lease Right-Of-Use-Asset 3,270,000 3,510,000
Deferred Financing Costs, Net, Deposits and Other Assets 851,000 912,000
Goodwill 163,000 163,000
TOTAL ASSETS 56,250,000 57,777,000
Current Liabilities    
Notes Payable and Finance Lease Obligations - Current Portion 16,266,000 16,475,000
Accounts Payable and Accrued Expenses 7,388,000 8,682,000
Operating Lease Liabilities - Current Portion 643,000 701,000
Deferred Gain on Sale - Current Portion 38,000 38,000
Deferred Revenue 1,590,000 917,000
Liability Related to the Sale of Future Proceeds from Disposition of Subsidiary - Current Portion 185,000 200,000
Deferred payroll tax liability - CARES Act - Current Portion 314,000 314,000
Total Current Liabilities 26,424,000 27,327,000
Long Term Liabilities    
Notes Payable and Finance Lease Obligations - Net of Current Portion 3,830,000 4,786,000
Notes Payable - Related Party 6,412,000 6,012,000
Operating Lease Liabilities - Net of Current Portion 3,595,000 3,927,000
Deferred Gain on Sale - Net of Current Portion 162,000 181,000
Liability Related to the Sale of Future Proceeds from Disposition of Subsidiary - Net of Current Portion 122,000
Deferred payroll tax liability - CARES Act - Net of Current Portion 313,000 313,000
TOTAL LIABILITIES 40,736,000 42,668,000
Commitments and Contingencies
Stockholders’ Equity    
Preferred Stock, par value $.001 - Authorized 3,000,000 shares, 0 shares outstanding, at both June 30, 2021 and December 31, 2020.
Common Stock - Par Value $.001 - Authorized 60,000,000 Shares, 32,037,547 and 31,906,971 Shares Issued and Outstanding as of June 30, 2021 and December 31, 2020, respectively 32,000 32,000
Additional Paid-In Capital 81,556,000 81,238,000
Accumulated Deficit (66,074,000) (66,161,000)
TOTAL STOCKHOLDERS’ EQUITY 15,514,000 15,109,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 56,250,000 $ 57,777,000