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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 10,226 $ 13,684
Marketable securities 9,079 7,327
Accounts receivable, less allowances of $385 at March 31, 2022 and $355 at December 31, 2021 22,271 19,821
Inventories 30,048 27,602
Prepaid expenses 779 808
Other current assets 1,297 864
Total current assets 73,700 70,106
Marketable securities, long-term 18,918 17,281
Equipment and leasehold improvements, net 3,269 3,174
Intangible assets, net 351 375
Goodwill 1,366 1,366
Right-of-use assets (operating leases) 1,916 2,052
Deferred tax assets 3,746 3,668
Total assets 103,266 98,022
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable 12,346 10,275
Advance customer payments 1,089 599
Accrued expenses 3,600 4,418
Current operating lease liabilities 878 864
Total current liabilities 17,913 16,156
Other liabilities 187 177
Long-term operating lease liabilities 2,152 2,369
Reserve for income taxes 214 214
Total liabilities 20,466 18,916
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, 7,402,683 shares issued and outstanding at March 31, 2022 and 7,391,906 shares issued and outstanding at December 31, 2021 39,587 39,052
Accumulated other comprehensive loss (1,942) (1,510)
Retained earnings 45,155 41,564
Total stockholders’ equity 82,800 79,106
Total liabilities and stockholders’ equity $ 103,266 $ 98,022