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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and cash equivalents $ 5,665 $ 5,836
Marketable securities 8,549 8,295
Accounts receivable, less allowances of $365 at September 30, 2020 and $322 at December 31, 2019 18,167 16,059
Inventories 21,285 15,580
Prepaid expenses 685 559
Other current assets 1,683 1,020
Total current assets 56,034 47,349
Marketable securities, long-term 13,703 12,168
Equipment and leasehold improvements, net 3,237 3,341
Intangible assets, net 286 310
Goodwill 1,366 1,366
Right-of-use assets (operating leases) 2,710 2,111
Trade notes receivable, long-term 532 962
Deferred tax assets 4,658 4,992
Total assets 82,526 72,599
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable 10,051 7,023
Advance customer payments 758 499
Accrued expenses 3,685 2,572
Current operating lease liabilities 769 688
Total current liabilities 15,263 10,782
Other liabilities 150 202
Long-term operating lease liabilities 3,424 3,141
Reserve for income taxes 150 150
Total liabilities 18,987 14,275
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, no par value, 5,000,000 shares authorized, none outstanding 0 0
Common stock, no par value, 25,000,000 shares authorized, 7,254,684 shares issued and outstanding at September 30, 2020 and 7,154,591 shares issued and outstanding at December 31, 2019 37,648 36,659
Accumulated other comprehensive loss (1,456) (1,406)
Retained earnings 27,347 23,071
Total stockholders’ equity 63,539 58,324
Total liabilities and stockholders’ equity $ 82,526 $ 72,599