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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 10,277 $ 7,612
Trade accounts receivable, net of allowance for doubtful accounts of $212 and $211, respectively 8,435 9,296
Inventories 7,476 7,182
Prepaid expenses and other current assets 776 805
Total current assets 26,964 24,895
Property and equipment:    
Machinery and equipment 5,356 5,269
Leasehold improvements 2,636 2,424
Gross property and equipment 7,992 7,693
Less: accumulated depreciation (5,642) (5,273)
Net property and equipment 2,350 2,420
Right of use assets, net 6,387 4,842
Goodwill 13,738 13,738
Intangible assets, net 12,421 13,654
Restricted certificates of deposit 140 140
Other assets 30 26
Total assets 62,030 59,715
Current liabilities:    
Accounts payable 2,424 1,984
Accrued wages and benefits 1,944 2,007
Accrued professional fees 776 805
Customer deposits and deferred revenue 396 456
Accrued sales commission 472 442
Current portion of operating lease liabilities 1,215 1,302
Domestic and foreign income taxes payable 825 868
Other current liabilities 804 497
Total current liabilities 8,856 8,361
Operating lease liabilities, net of current portion 6,050 3,794
Deferred tax liabilities 1,922 2,263
Other liabilities 450 463
Total liabilities 17,278 14,881
Commitments and Contingencies (Note 12)
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 26,851 26,256
Retained earnings 17,110 18,005
Accumulated other comprehensive earnings 889 673
Treasury stock, at cost; 33,077 shares (204) (204)
Total stockholders' equity 44,752 44,834
Total liabilities and stockholders' equity $ 62,030 $ 59,715