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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 14,202 $ 13,290
Trade accounts receivable, net of allowance for doubtful accounts of $233 and $213, respectively 11,370 12,166
Inventories 7,104 4,966
Prepaid expenses and other current assets 780 577
Total current assets 33,456 30,999
Property and equipment:    
Machinery and equipment 5,177 5,033
Leasehold improvements 2,332 822
Gross property and equipment 7,509 5,855
Less: accumulated depreciation (4,651) (4,314)
Net property and equipment 2,858 1,541
Goodwill 13,738 13,738
Intangible assets, net 15,228 16,014
Restricted certificates of deposit 175 175
Other assets 26 26
Total assets 65,481 62,493
Current liabilities:    
Accounts payable 3,025 2,032
Accrued wages and benefits 2,700 2,781
Customer deposits and deferred revenue 1,054 886
Domestic and foreign income taxes payable 1,222 1,199
Earnout payable 9,339 5,355
Other current liabilities 2,243 2,166
Total current liabilities 19,583 14,419
Federal transition tax payable, net of current portion 436
Deferred tax liabilities 2,395 2,606
Contingent consideration liability, net of current portion 5,744
Total liabilities 21,978 23,205
Commitments and Contingencies
Stockholders' equity:    
Preferred stock, $0.01 par value; 5,000,000 shares authorized; no shares issued or outstanding
Common stock, $0.01 par value; 20,000,000 shares authorized; 10,523,035 and 10,427.435 shares issued, respectively 105 104
Additional paid-in capital 26,331 25,860
Retained earnings 16,475 12,646
Accumulated other comprehensive earnings, foreign currency translation adjustments 796 882
Treasury stock, at cost; 33,077 shares (204) (204)
Total stockholders' equity 43,503 39,288
Total liabilities and stockholders' equity $ 65,481 $ 62,493