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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 10,195 $ 10,277
Trade accounts receivable, net of allowance for doubtful accounts of $212 13,487 8,435
Inventories 8,212 7,476
Prepaid expenses and other current assets 562 776
Total current assets 32,456 26,964
Property and equipment:    
Machinery and equipment 5,401 5,356
Leasehold improvements 2,901 2,636
Gross property and equipment 8,302 7,992
Less: accumulated depreciation (5,764) (5,642)
Net property and equipment 2,538 2,350
Right-of-use assets, net 6,099 6,387
Goodwill 13,738 13,738
Intangible assets, net 12,117 12,421
Restricted certificates of deposit 140 140
Other assets 38 30
Total assets 67,126 62,030
Current liabilities:    
Accounts payable 3,655 2,424
Accrued wages and benefits 2,044 1,944
Accrued professional fees 515 776
Customer deposits and deferred revenue 1,191 396
Accrued sales commissions 703 472
Current portion of operating lease liabilities 1,160 1,215
Domestic and foreign income taxes payable 1,157 825
Other current liabilities 746 804
Total current liabilities 11,171 8,856
Operating lease liabilities, net of current portion 5,753 6,050
Deferred tax liabilities 1,913 1,922
Other liabilities 440 450
Total liabilities 19,277 17,278
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; 10,743,408 and 10,562,200 shares issued, respectively 108 106
Additional paid-in capital 27,835 26,851
Retained earnings 19,322 17,110
Accumulated other comprehensive earnings 788 889
Treasury stock, at cost; 33,077 shares (204) (204)
Total stockholders' equity 47,849 44,752
Total liabilities and stockholders' equity $ 67,126 $ 62,030