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Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jul. 01, 2023
Dec. 31, 2022
Current assets:    
Cash $ 576 $ 1,072
Accounts receivable, net of allowance for doubtful accounts and sales promotions of $490 and $495, respectively 847 1,305
Inventories 2,419 2,463
Prepaid expenses and other current assets 68 80
Total current assets 3,910 4,920
Operating lease right-of-use assets 116 158
Finance lease right-of-use asset 43 53
Deferred tax assets 182 367
Other assets 19 19
Total assets 4,270 5,517
Current liabilities:    
Income taxes payable 41
Accounts payable 152 684
Accrued expenses 320 555
Finance lease liability, current portion 15 15
Total current liabilities 487 1,295
Financing lease liabilities, long-term 31 39
Operating lease liabilities 41 85
Total liabilities 559 1,419
Stockholders’ equity:    
Preferred stock - par value $.01 per share; authorized 100,000 shares, none issued and outstanding
Common stock - par value $.01 per share; authorized 15,000,000 shares, 5,153,706 shares issued and outstanding 52 52
Additional paid-in capital 296 263
Retained earnings 3,363 3,783
Total stockholders’ equity 3,711 4,098
Total liabilities and stockholders’ equity $ 4,270 $ 5,517