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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 7,318 $ 7,612
Trade accounts receivable, net of allowance for doubtful accounts of $210 and $211, respectively 8,052 9,296
Inventories 7,720 7,182
Prepaid expenses and other current assets 686 805
Total current assets 23,776 24,895
Property and equipment:    
Machinery and equipment 5,341 5,269
Leasehold improvements 2,423 2,424
Gross property and equipment 7,764 7,693
Less: accumulated depreciation (5,423) (5,273)
Net property and equipment 2,341 2,420
Right-of-use assets, net 5,691 4,842
Goodwill 13,738 13,738
Intangible assets, net 13,343 13,654
Restricted certificates of deposit 140 140
Other assets 30 26
Total assets 59,059 59,715
Current liabilities:    
Accounts payable 2,299 1,984
Accrued wages and benefits 1,462 2,007
Accrued professional fees 698 805
Customer deposits and deferred revenue 605 456
Accrued sales commissions 519 442
Current portion of operating lease liabilities 1,303 1,302
Domestic and foreign income taxes payable 660 868
Other current liabilities 470 497
Total current liabilities 8,016 8,361
Operating lease liabilities, net of current portion 4,644 3,794
Contingent liability for repayment of state and local grant funds received 463 463
Deferred tax liabilities 2,170 2,263
Total liabilities 15,293 14,881
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; 10,450,060 and 10,413,982 shares issued, respectively 105 104
Additional paid-in capital 26,368 26,256
Retained earnings 16,862 18,005
Accumulated other comprehensive earnings 635 673
Treasury stock, at cost; 33,077 shares (204) (204)
Total stockholders' equity 43,766 44,834
Total liabilities and stockholders' equity $ 59,059 $ 59,715