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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 7,977 $ 13,277
Restricted cash 950 0
Accounts receivable, net of allowance of doubtful accounts of $36 and $50, respectively 2,045 705
Inventories, net of allowance for obsolescence of $110 and $107, respectively 8,791 9,105
Prepaid expense and other current assets 1,447 116
Total current assets 21,210 23,203
Property and equipment, net 118 46
Right of use asset 185 103
Intangibles, net of amortization of $82 and $72, respectively (provisional) 7,769 150
Goodwill (provisional) 10,787 358
Deferred tax asset 1,596 1,847
TOTAL ASSETS 41,665 25,707
CURRENT LIABILITIES:    
Accounts payable 4,881 2,995
Accrued expense and other liabilities 1,897 631
Product returns 581 590
Term loan – current portion 2,500 0
Lease liability - current portion 90 54
Total current liabilities 9,949 4,270
Term loan, net of current portion 10,000 0
Long-term lease liability, net of current portion 108 49
TOTAL LIABILITIES 20,057 4,319
STOCKHOLDERS' EQUITY:    
Common stock, $0.01 par value, 60,000 shares authorized; 4,446 and 4,507 issued and outstanding as of March 31, 2023 and December 31, 2022, respectively 44 45
Additional paid-in capital 30,099 30,056
Accumulated deficit (8,557) (8,713)
Foreign currency translation adjustment 22 0
TOTAL STOCKHOLDERS' EQUITY 21,608 21,388
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 41,665 $ 25,707