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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 21,195 $ 10,277
Trade accounts receivable, net of allowance for doubtful accounts of $213 and $212, respectively 16,536 8,435
Inventories 12,863 7,476
Prepaid expenses and other current assets 1,483 776
Total current assets 52,077 26,964
Property and equipment:    
Machinery and equipment 5,733 5,356
Leasehold improvements 3,001 2,636
Gross property and equipment 8,734 7,992
Less: accumulated depreciation (6,046) (5,642)
Net property and equipment 2,688 2,350
Right-of-use assets, net 5,919 6,387
Goodwill 21,448 13,738
Intangible assets, net 21,634 12,421
Restricted certificates of deposit 100 140
Other assets 39 30
Total assets 103,905 62,030
Current liabilities:    
Current portion of Term Note 4,100 0
Current portion of operating lease liabilities 1,371 1,215
Accounts payable 4,281 2,424
Accrued wages and benefits 4,080 1,944
Accrued professional fees 1,048 776
Customer deposits and deferred revenue 6,038 396
Accrued sales commission 863 472
Domestic and foreign income taxes payable 2,024 825
Other current liabilities 1,267 804
Total current liabilities 25,072 8,856
Operating lease liabilities, net of current portion 5,248 6,050
Term Note, net of current portion 16,000 0
Deferred tax liabilities 1,379 1,922
Contingent consideration 930 0
Other liabilities 453 450
Total liabilities 49,082 17,278
Commitments and Contingencies (Note 14)
Stockholders' equity:    
Preferred stock, $0.01 par value; 5,000,000 shares authorized; no shares issued or outstanding 0 0
Common stock, $0.01 par value; 20,000,000 shares authorized; 10,910,460 and 10,562,200 shares issued, respectively 109 106
Additional paid-in capital 29,931 26,851
Retained earnings 24,393 17,110
Accumulated other comprehensive earnings 594 889
Treasury stock, at cost; 33,077 shares (204) (204)
Total stockholders' equity 54,823 44,752
Total liabilities and stockholders' equity $ 103,905 $ 62,030