XML 13 R2.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 8,191 $ 17,861
Trade accounts receivable, net of allowance for doubtful accounts of $233 and $233, respectively 10,161 10,563
Inventories 7,146 6,520
Prepaid expenses and other current assets 763 677
Total current assets 26,261 35,621
Property and equipment:    
Machinery and equipment 5,230 5,166
Leasehold improvements 2,340 2,341
Gross property and equipment 7,570 7,507
Less: accumulated depreciation (4,950) (4,790)
Net property and equipment 2,620 2,717
Right-of-use assets, net 4,023
Goodwill 13,738 13,738
Intangible assets, net 14,594 14,911
Restricted certificates of deposit 175 175
Other assets 31 25
Total assets 61,442 67,187
Current liabilities:    
Accounts payable 2,508 1,787
Accrued wages and benefits 1,728 2,921
Accrued professional fees 956 774
Customer deposits and deferred revenue 815 1,258
Current portion of operating lease liabilities 1,390
Domestic and foreign income taxes payable 954 700
Earnout payable 2,119 12,167
Other current liabilities 1,076 1,811
Total current liabilities 11,546 21,418
Operating lease liabilities, net of current portion 2,978
Contingent liability for repayment of state and local grant funds received 200 200
Deferred tax liabilities 2,600 2,689
Total liabilities 17,324 24,307
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; 10,603,335 and 10,523,035 shares issued, respectively 106 105
Additional paid-in capital 26,695 26,513
Retained earnings 16,821 15,683
Accumulated other comprehensive earnings 700 783
Treasury stock, at cost; 33,077 shares (204) (204)
Total stockholders' equity 44,118 42,880
Total liabilities and stockholders' equity $ 61,442 $ 67,187