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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Mar. 31, 2017
Current assets:    
Cash $ 1,329 $ 1,407
Accounts receivable, net of allowance for doubtful accounts of $27 in 2018 and $49 in 2017 2,664 2,135
Inventories, net 9,034 7,972
Deferred tax assets 157
Prepaid expenses and other current assets 590 565
Total current assets 13,617 12,236
Equipment and leasehold improvements, net 15,734 16,712
Restricted cash 65
Other assets 291 213
Total assets 29,707 29,161
Current liabilities:    
Line of credit 500 611
Current maturities of long-term debt 655 623
Customer deposits 133 119
Accounts payable 3,527 3,666
Accrued expenses 892 1,013
Total current liabilities 5,707 6,032
Long-term debt, less current maturities 5,790 6,249
Deferred tax liabilities 157
Other long term liabilities 103 116
Total liabilities 11,600 12,554
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; issued and outstanding 5,772,032 shares at March 31, 2018 and 5,685,381 shares at March 31, 2017 115 114
Additional paid-in capital 32,051 31,577
Accumulated deficit (14,059) (15,084)
Total stockholders’ equity 18,107 16,607
Total liabilities and stockholders’ equity $ 29,707 $ 29,161