XML 12 R3.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current Assets    
Cash $ 841 $ 643
Restricted Cash 776 1,582
Accounts Receivable, less allowances of $366 and $328 14,695 14,548
Employee Retention Credit Receivable 5,209 5,209
Inventories, Net 21,187 19,434
Contract Assets 8,114 8,698
Prepaid Expenses and Other Current Assets 1,996 1,660
Total Current Assets 52,818 51,774
Property and Equipment, Net 5,922 5,833
Operating Lease Assets 8,706 8,983
Other Intangible Assets, Net 465 501
Total Assets 67,911 67,091
Current Liabilities    
Current Portion of Finance Lease Obligations 508 601
Current Portion of Operating Lease Obligations 1,080 1,043
Accounts Payable 14,012 12,710
Accrued Payroll and Commissions 4,890 4,045
Other Accrued Liabilities 4,223 3,907
Total Current Liabilities 24,713 22,306
Long-Term Liabilities    
Long Term Line of Credit 7,526 8,959
Long Term Finance Lease Obligations, Net 824 916
Long-Term Operating Lease Obligations, Net 8,411 8,695
Other Long-Term Liabilities 102 104
Total Long-Term Liabilities 16,863 18,674
Total Liabilities 41,576 40,980
Commitments and Contingencies
Shareholders' Equity    
Preferred Stock, $1 par value; 1,000,000 Shares Authorized: 250,000 Shares Issued and Outstanding 250 250
Common Stock - $0.01 par value; 9,000,000 Shares Authorized: 2,682,064 and 2,672,064 Shares Issued and Outstanding, respectively 27 27
Additional Paid-In Capital 16,043 15,962
Accumulated Other Comprehensive Loss 61 56
Retained Earnings 9,954 9,816
Total Shareholders' Equity 26,335 26,111
Total Liabilities and Shareholders' Equity $ 67,911 $ 67,091