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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 8,025 $ 17,861
Trade accounts receivable, net of allowance for doubtful accounts of $232 and $233, respectively 9,223 10,563
Inventories 7,721 6,520
Prepaid expenses and other current assets 905 677
Total current assets 25,874 35,621
Property and equipment:    
Machinery and equipment 5,294 5,166
Leasehold improvements 2,357 2,341
Gross property and equipment 7,651 7,507
Less: accumulated depreciation (5,228) (4,790)
Net property and equipment 2,423 2,717
Right-of-use assets, net 5,138
Goodwill 13,738 13,738
Intangible assets, net 13,967 14,911
Restricted certificates of deposit 140 175
Other assets 25 25
Total assets 61,305 67,187
Current liabilities:    
Accounts payable 2,728 1,787
Accrued wages and benefits 1,948 2,921
Accrued professional fees 963 774
Customer deposits and deferred revenue 738 1,258
Accrued sales commission 444 703
Current portion of operating lease liabilities 1,317
Domestic and foreign income taxes payable 868 700
Earnout payable 12,167
Other current liabilities 590 1,108
Total current liabilities 9,596 21,418
Operating lease liabilities, net of current portion 4,095
Contingent liability for repayment of state and local grant funds received 463 200
Deferred tax liabilities 2,382 2,689
Total liabilities 16,536 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; 10,604,132 and 10,523,035 shares issued, respectively 106 105
Additional paid-in capital 26,971 26,513
Retained earnings 17,281 15,683
Accumulated other comprehensive earnings 615 783
Treasury stock, at cost; 33,077 shares (204) (204)
Total stockholders' equity 44,769 42,880
Total liabilities and stockholders' equity $ 61,305 $ 67,187