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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2016
Mar. 31, 2016
Current assets:    
Cash and cash equivalents $ 1,554 $ 1,240
Accounts receivable, net of allowance for doubtful accounts of $136 at June 30, 2016 and $136 at March 31, 2016 2,246 2,983
Inventories, net 8,388 7,856
Deferred tax assets 74 74
Prepaid expenses and other current assets 604 502
Total current assets 12,866 12,655
Equipment and leasehold improvements, net 17,458 17,796
Other assets 400 392
Total assets 30,724 30,843
Current liabilities:    
Note payable 600
Current maturities of long-term debt 579 574
Customer deposits 65 117
Accounts payable 3,991 4,000
Accrued expenses 1,660 1,430
Total current liabilities 6,895 6,121
Long-term debt, net 6,653 6,790
Deferred tax liabilities 74 74
Deferred rent 34 30
Total liabilities 13,656 13,015
Commitments and contingencies
Stockholders’ equity:    
Preferred stock of $0.01 par value, authorized 10,000,000 shares; no shares issued and outstanding
Common stock of $0.02 par value, authorized 50,000,000 shares; 5,648,264 shares issued and outstanding at June 30, 2016 and 5,599,797 at March 31, 2016 113 112
Additional paid-in capital 31,515 31,585
Accumulated deficit (14,560) (13,869)
Total stockholders’ equity 17,068 17,828
Total liabilities and stockholders’ equity $ 30,724 $ 30,843