Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Current assets
Cash and cash equivalents	$ 342	$ 246
Accounts receivable, net	17,968	17,508
Inventories, net	30,413	26,147
Income taxes receivable		72
Prepaid expenses and other current assets	3,317	2,215
Total current assets	52,040	46,188
Property, plant and equipment, net	6,953	6,591
Deferred income taxes	6,155	5,659
Other assets	216	830
Intangible assets, net	7,343	8,168
Goodwill	9,972	9,972
Total assets	82,679	77,408
Current liabilities
Bank overdrafts	413	1,200
Revolving credit facilities	19,699	17,689
Short term borrowings	2,875	3,973
Accounts payable and accrued liabilities	22,683	18,139
Current maturities of long-term debt	321	1,379
Income taxes payable	1,400	1,360
Total current liabilities	47,391	43,740
Long-term debt, net of current maturities	4,778	4,005
Pension deficit	123	172
Other long-term liabilities	571	892
Noncurrent deferred income taxes	1,850	2,400
Total liabilities	54,713	51,209
Stockholders' equity
Preferred stock, $0.001 par value, 5,000,000 shares authorized; none issued
Common stock, $0.001 par value, 30,000,000 shares authorized; 8,712,712 shares issued and outstanding on June 30, 2017 and 8,699,712 shares issued and outstanding on December 31, 2016	9	9
Additional paid-in capital	23,445	23,215
Accumulated other comprehensive loss	(5,768)	(5,863)
Retained earnings	10,280	8,838
Total stockholders' equity	27,966	26,199
Total liabilities and stockholders' equity	$ 82,679	$ 77,408

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

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- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.