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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 5,646 $ 4,114
Accounts receivable, net 3,346 3,104
Inventories, net 8,387 8,787
Income taxes receivable 177  
Prepaid expenses 312 285
Total current assets 17,868 16,290
Property and equipment, net 988 909
Deferred tax asset 483 384
Goodwill 1,521 1,521
Intangible assets, net 5,683 6,148
Other assets 49 49
Total assets 26,592 25,301
Current liabilities:    
Accounts payable 1,862 1,656
Accrued expenses 763 936
Income taxes payable   366
Current maturities of long-term debt   800
Total current liabilities 2,625 3,758
Long-term debt, net of current maturities and debt issuance costs   362
Total liabilities 2,625 4,120
Shareholders’ equity:    
Preferred stock, no par value, authorized 20,000,000 shares; no shares issued and outstanding
Common stock; $0.10 par value, authorized 50,000,000 shares; issued and outstanding 12,408,177 shares (2018) and 11,885,839 shares (2017) 1,241 1,189
Capital in excess of par 7,020 6,441
Retained earnings 15,706 13,551
Total shareholders’ equity 23,967 21,181
Total liabilities and shareholders’ equity $ 26,592 $ 25,301