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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 41,602 $ 40,711
Marketable securities 16 22
Accounts receivable, net of reserves of $52 and $58, respectively 133 356
Inventories, net 338 204
Prepaid expenses and other current assets 185 273
Total current assets 42,274 41,566
Right-of-use lease assets 21 75
Intangible assets, net 41 57
Deferred income tax assets 149 152
Total assets 42,485 41,850
Current liabilities:    
Accounts payable 264 93
Accrued compensation and commissions 257 264
Income taxes payable 91 41
Other accrued expenses 127 76
Total current liabilities 739 474
Other liabilities 743 694
Total liabilities 1,482 1,168
Contingencies (Note 12)
Stockholders' equity:    
Common stock ($0.01 par value; 30,000,000 shares authorized; 5,454,639 shares issued and 5,373,055 shares outstanding as of September 30, 2024 and December 31, 2023) 53 53
Treasury stock, at cost (81,584 shares as of September 30, 2024 and December 31, 2023) (580) (580)
Additional paid-in capital 46,376 46,349
Accumulated deficit (6,830) (7,060)
Total LGL Group stockholders' equity 39,019 38,762
Non-controlling interests 1,984 1,920
Total stockholders' equity 41,003 40,682
Total liabilities and stockholders' equity $ 42,485 $ 41,850