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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 6,979 $ 5,556
Accounts receivable, net of allowance for doubtful accounts of $1,672 and $1,635, respectively 9,036 7,146
Prepaid expenses and other current assets 142 105
Total current assets 16,157 12,807
Property and equipment, net of accumulated depreciation of $5,912 and $5,451, respectively 477 928
Right of use assets-operating 446 585
Right of use assets-finance 170 218
Trademarks and trade names with indefinite lives 8,467 8,467
Goodwill 7,547 7,547
Other assets 109 93
TOTAL ASSETS 33,373 30,645
Current liabilities:    
Accounts payable and accrued liabilities 3,258 2,867
Due to models 7,247 6,265
Lease liabilities – operating, current 243 435
Lease liabilities – finance, current 56 77
Term loan – current 199 414
Total current liabilities 11,003 10,058
Long term liabilities:    
Net deferred income tax liability 1,714 1,449
Lease liabilities – operating, non-current 206 180
Lease liabilities – finance, non-current 121 149
Term loan – non-current 448 2,303
Total long term liabilities 2,489 4,081
Total liabilities 13,492 14,139
Shareholders’ equity:    
Common stock, $0.01 par value, 9,000,000 shares authorized; 6,472,038 shares issued at June 30, 2021 and December 31, 2020 65 65
Treasury stock, 1,314,694 shares at June 30, 2021 and December 31, 2020, at cost (6,371) (6,371)
Additional paid-in capital 88,523 88,487
Accumulated deficit (62,414) (65,756)
Accumulated other comprehensive income 78 81
Total shareholders’ equity 19,881 16,506
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 33,373 $ 30,645