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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current Assets    
Cash and Cash Equivalents $ 364,000 $ 627,000
Accounts Receivable, Net of Allowance for Doubtful Accounts of $476,000 and $594,000 7,558,000 10,473,000
Inventory 31,999,000 29,532,000
Prepaid Expenses and Other Current Assets 258,000 226,000
Prepaid Taxes 22,000 22,000
Total Current Assets 40,201,000 40,880,000
Property and Equipment, Net 8,169,000 8,404,000
Operating Lease Right-Of-Use-Asset 2,887,000 3,018,000
Deferred Financing Costs, Net, Deposits and Other Assets 1,026,000 960,000
Goodwill 163,000 163,000
TOTAL ASSETS 52,446,000 53,425,000
Current Liabilities    
Notes Payable and Finance Lease Obligations - Current Portion 13,278,000 14,112,000
Accounts Payable and Accrued Expenses 7,042,000 6,723,000
Operating Lease Liabilities - Current Portion 708,000 686,000
Deferred Gain on Sale - Current Portion 38,000 38,000
Deferred Revenue 1,415,000 1,470,000
Liability Related to the Sale of Future Proceeds from Disposition of Subsidiary - Current Portion 5,000 59,000
Deferred payroll tax liability - CARES Act - Current Portion 314,000 314,000
Total Current Liabilities 22,800,000 23,402,000
Long Term Liabilities    
Notes Payable and Finance Lease Obligations - Net of Current Portion 2,565,000 2,838,000
Notes Payable - Related Party 6,412,000 6,412,000
Operating Lease Liabilities - Net of Current Portion 3,055,000 3,241,000
Deferred Gain on Sale - Net of Current Portion 133,000 143,000
TOTAL LIABILITIES 34,965,000 36,036,000
Commitments and Contingencies
Stockholders’ Equity    
Preferred Stock, par value $.001 - Authorized 3,000,000 shares, 0 shares outstanding, at both March 31, 2022 and December 31, 2021.
Common Stock - Par Value $.001 - Authorized 60,000,000 Shares, 32,183,221 and 32,128,006 Shares Issued and Outstanding as of March 31, 2022 and December 31, 2021, respectively 32,000 32,000
Additional Paid-In Capital 82,011,000 81,891,000
Accumulated Deficit (64,562,000) (64,534,000)
TOTAL STOCKHOLDERS’ EQUITY 17,481,000 17,389,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 52,446,000 $ 53,425,000