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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 5,556 $ 6,993
Accounts receivable, net of allowance for doubtful accounts of $1,635 and $1,423, respectively 7,146 9,441
Prepaid expenses and other current assets 105 243
Total current assets 12,807 16,677
Property and equipment, net of accumulated depreciation of $5,451 and $4,300, respectively 928 1,925
Right of use assets-operating 585 1,261
Right of use assets-finance 218 316
Trademarks and trade names with indefinite lives 8,467 8,467
Goodwill 7,547 8,347
Other assets 93 115
TOTAL ASSETS 30,645 37,108
Current liabilities:    
Accounts payable and accrued liabilities 2,867 3,815
Due to models 6,265 7,495
Lease liabilities – operating, current 435 1,055
Lease liabilities – finance, current 77 94
Term loans - current 414 1,257
Total current liabilities 10,058 13,716
Long term liabilities:    
Deferred income taxes, net 1,449 725
Lease liabilities – operating, non-current 180 328
Lease liabilities – finance, non-current 149 225
Term loans - non-current 2,303 743
Total long-term liabilities 4,081 2,021
Total liabilities 14,139 15,737
Shareholders’ equity:    
Common stock, $0.01 par value, 9,000,000 shares authorized; 6,472,038 shares issued at December 31, 2020 and December 31, 2019 65 65
Treasury stock, 1,314,694 and 1,309,861 at December 31, 2020 and December 31, 2019, at cost (6,371) (6,352)
Additional paid-in capital 88,487 88,471
Accumulated deficit (65,756) (60,815)
Accumulated other comprehensive income 81 2
Total shareholders’ equity 16,506 21,371
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 30,645 $ 37,108