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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 40,711 $ 21,507
Marketable securities 22 16,585
Accounts receivable, net of allowance of $58 and $86, respectively 356 543
Inventories, net 204 265
Prepaid expenses and other current assets 273 440
Total current assets 41,566 39,340
Property, plant and equipment, net 0 1
Right-of-use lease asset 75 132
Intangible assets, net 57 78
Deferred income tax asset, net 152 234
Total assets 41,850 39,785
Current liabilities:    
Accounts payable 93 310
Accrued compensation and commissions expense 264 170
Income taxes payable 41 1
Other accrued expenses and liabilities 76 106
Total current liabilities 474 587
Other liabilities 694 708
Total liabilities 1,168 1,295
Contingencies (Note 14)
Stockholders' equity:    
Common stock ($0.01 par value; 30,000,000 shares authorized; 5,454,639 and 5,434,521 shares issued as of 2023 and 2022, respectively; 5,373,055 and 5,352,937 shares outstanding as of 2023 and 2022, respectively) 53 53
Treasury stock, at cost (81,584 shares as of 2023 and 2022, respectively) (580) (580)
Additional paid-in capital 46,349 46,346
Accumulated deficit (7,060) (7,329)
Total LGL Group stockholders' equity 38,762 38,490
Non-controlling interests 1,920 0
Total stockholders' equity 40,682 38,490
Total liabilities and stockholders' equity $ 41,850 $ 39,785