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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 17,211 $ 21,195
Trade accounts receivable, net of allowance for doubtful accounts of $212 and $213, respectively 17,292 16,536
Inventories 14,913 12,863
Prepaid expenses and other current assets 1,853 1,483
Total current assets 51,269 52,077
Property and equipment:    
Machinery and equipment 5,801 5,733
Leasehold improvements 3,193 3,001
Gross property and equipment 8,994 8,734
Less: accumulated depreciation (6,190) (6,046)
Net property and equipment 2,804 2,688
Right-of-use assets, net 5,657 5,919
Goodwill 21,863 21,448
Net Carrying Amount 20,905 21,634
Restricted certificates of deposit 100 100
Other assets 336 39
Total assets 102,934 103,905
Current liabilities:    
Current portion of Term Note 4,100 4,100
Current portion of operating lease liabilities 1,444 1,371
Accounts payable 5,896 4,281
Accrued wages and benefits 2,898 4,080
Accrued professional fees 527 1,048
Customer deposits and deferred revenue 5,425 6,038
Accrued sales commissions 842 863
Domestic and foreign income taxes payable 1,625 2,024
Other current liabilities 1,390 1,267
Total current liabilities 24,147 25,072
Operating lease liabilities, net of current portion 4,876 5,248
Term Note, net of current portion 15,117 16,000
Deferred tax liabilities 941 1,379
Contingent consideration 1,369 930
Other liabilities 483 453
Total liabilities 46,933 49,082
Commitments and Contingencies
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; 10,995,194 and 10,910,460 shares issued, respectively 110 109
Additional paid-in capital 30,358 29,931
Retained earnings 24,970 24,393
Accumulated other comprehensive earnings 767 594
Treasury stock, at cost; 33,077 shares (204) (204)
Total stockholders' equity 56,001 54,823
Total liabilities and stockholders' equity $ 102,934 $ 103,905