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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 9,473 $ 7,612
Trade accounts receivable, net of allowance for doubtful accounts of $211 and $211, respectively 9,533 9,296
Inventories 6,924 7,182
Prepaid expenses and other current assets 712 805
Total current assets 26,642 24,895
Property and equipment:    
Machinery and equipment 5,531 5,269
Leasehold improvements 2,628 2,424
Gross property and equipment 8,159 7,693
Less: accumulated depreciation (5,742) (5,273)
Net property and equipment 2,417 2,420
Right-of-use assets, net 7,094 4,842
Goodwill 13,738 13,738
Intangible assets, net 12,727 13,654
Restricted certificates of deposit 140 140
Other assets 31 26
Total assets 62,789 59,715
Current liabilities:    
Accounts payable 2,203 1,984
Accrued wages and benefits 2,028 2,007
Accrued professional fees 852 805
Customer deposits and deferred revenue 1,392 456
Accrued sales commissions 441 442
Current portion of operating lease liabilities 1,299 1,302
Domestic and foreign income taxes payable 631 868
Other current liabilities 438 497
Total current liabilities 9,284 8,361
Operating lease liabilities, net of current portion 6,049 3,794
Deferred tax liabilities 2,182 2,263
Other liabilities 451 463
Total liabilities 17,966 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; 10,562,200 and 10,413,982 shares issued, respectively 106 104
Additional paid-in capital 26,660 26,256
Retained earnings 17,490 18,005
Accumulated other comprehensive earnings 771 673
Treasury stock, at cost; 33,077 shares (204) (204)
Total stockholders' equity 44,823 44,834
Total liabilities and stockholders' equity $ 62,789 $ 59,715