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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 4,173 $ 3,456
Trade accounts receivable, net 9,345 7,902
Inventories, net 18,674 23,952
Prepaid expenses and other current assets 2,724 1,892
Total current assets 34,916 37,202
Property, plant and equipment, net 4,988 5,366
Operating lease right-of-use (ROU) assets 1,246 1,560
Investments 0 742
Deferred tax assets, net 4,116 4,116
Capitalized product development cost 751 0
Other assets 387 422
Total assets 46,404 49,408
Current liabilities:    
Accounts payable 5,891 9,822
Accrued compensation and related taxes 2,084 1,302
Accrued warranty expense 906 722
Accrued other expenses and other current liabilities 1,128 363
Short-term operating lease liabilities 561 525
Credit facility 0 6,476
Notes payable-current portion 0 71
Deferred revenue 1,605 1,137
Total current liabilities 12,175 20,418
Long-term operating lease liabilities 861 1,260
Deferred revenue 7,381 6,419
Total liabilities 20,417 28,097
Commitments and contingencies
Stockholders’ equity:    
Preferred stock; $1.00 par value; 1,000,000 authorized shares; none issued or outstanding 0 0
Common stock; $0.60 par value; 10,000,000 authorized shares; 3,905,143 and 3,867,082 issued, and 3,563,063 and 3,577,002 outstanding shares as of September 30, 2024 and December 31, 2023, respectively 2,343 2,320
Additional paid-in capital 49,204 48,602
Accumulated deficit (19,507) (24,209)
Treasury stock, at cost, 342,080 and 290,080 shares as of September 30, 2024, and December 31, 2023, respectively (6,053) (5,402)
Total stockholders’ equity 25,987 21,311
Total liabilities and stockholders’ equity $ 46,404 $ 49,408