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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 12 $ 5
Accounts receivable, net 4,284 4,512
Inventories, net 6,639 3,988
Income taxes receivable 343 535
Prepaid expenses 533 596
Other current assets   112
Total current assets 11,811 9,748
Property and equipment, net 9 18
Deferred tax asset   784
Goodwill 5,280 5,280
Intangible assets, net 13,763 14,703
Operating lease right-of-use assets 2,796 2,985
Other assets 38 38
Total assets 33,697 33,556
Current liabilities:    
Accounts payable 3,152 1,799
Accrued expenses 1,064 296
Current portion of long-term debt 1,000 1,000
Operating lease liabilities, current portion 247 249
Other current liabilities   67
Total current liabilities 5,463 3,411
Long-term debt, net of current portion and debt issuance costs 6,519 4,521
Operating lease liabilities, net of current 2,846 3,032
Other liabilities 62 127
Total liabilities 14,890 11,091
Shareholders’ equity:    
Preferred stock, no par value, authorized 20,000 shares; no shares issued and outstanding
Common stock; $0.10 par value, authorized 50,000 shares; issued and outstanding 12,666 shares (2021) and 12,618 shares (2020) 1,266 1,262
Capital in excess of par 7,785 7,633
Retained earnings 9,756 13,570
Total shareholders’ equity 18,807 22,465
Total liabilities and shareholders’ equity $ 33,697 $ 33,556