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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 7,612 $ 17,861
Trade accounts receivable, net of allowance for doubtful accounts of $211 and $233, respectively 9,296 10,563
Inventories 7,182 6,520
Prepaid expenses and other current assets 805 677
Total current assets 24,895 35,621
Property and equipment:    
Machinery and equipment 5,269 5,166
Leasehold improvements 2,424 2,341
Gross property and equipment 7,693 7,507
Less: accumulated depreciation (5,273) (4,790)
Net property and equipment 2,420 2,717
Right of use assets, net 4,842
Goodwill 13,738 13,738
Intangible assets, net 13,654 14,911
Restricted certificates of deposit 140 175
Other assets 26 25
Total assets 59,715 67,187
Current liabilities:    
Accounts payable 1,984 1,787
Accrued wages and benefits 2,007 2,921
Accrued professional fees 805 774
Customer deposits and deferred revenue 456 1,258
Accrued sales commission 442 703
Current portion of operating lease liabilities 1,302
Domestic and foreign income taxes payable 868 700
Earnout payable 12,167
Other current liabilities 497 1,108
Total current liabilities 8,361 21,418
Operating lease liabilities, net of current portion 3,794
Contingent liability for repayment of state and local grant funds received 463 200
Deferred tax liabilities 2,263 2,689
Total liabilities 14,881 24,307
Commitments and Contingencies (Note 11)
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; 10,413,982 and 10,523,035 shares issued, respectively 104 105
Additional paid-in capital 26,256 26,513
Retained earnings 18,005 15,683
Accumulated other comprehensive earnings 673 783
Treasury stock, at cost; 33,077 shares (204) (204)
Total stockholders' equity 44,834 42,880
Total liabilities and stockholders' equity $ 59,715 $ 67,187