XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 10,335 $ 10,155
Accounts receivable-trade, net of allowance for doubtful accounts of $48 and $24 at March 31, 2022 and December 31, 2021, respectively 719 614
Inventory 37,751 38,084
Income tax receivable 876 972
Prepaid expenses 476 483
Other current assets 139 141
Total current assets 50,296 50,449
Property and equipment, at cost 27,923 27,750
Less accumulated depreciation (16,296) (15,989)
Property and equipment, net 11,627 11,761
Operating lease assets 10,316 10,438
Financing lease assets 36 37
Deferred income taxes 2 0
Other intangibles, net of accumulated amortization of $548 at March 31, 2022 and December 31, 2021 6 6
Other assets 393 394
TOTAL ASSETS 72,676 73,085
CURRENT LIABILITIES:    
Accounts payable-trade 3,977 4,786
Accrued expenses and other liabilities 3,828 4,302
Current portion of operating lease liabilities 2,915 3,025
Current portion of finance lease liabilities 15 15
Current maturities of long-term debt 122 79
Total current liabilities 10,857 12,207
Uncertain tax positions 415 415
Other non-current liabilities 417 417
Operating lease liabilities, non-current 8,142 8,194
Finance lease liabilities, non-current 11 15
Long-term debt, net of current maturities 283 336
COMMITMENT AND CONTINGENCIES (Note 6)
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.10 par value; 20,000,000 shares authorized; none issued or outstanding; attributes to be determined on issuance 0 0
Common stock, $0.0024 par value; 25,000,000 shares authorized; 10,019,134 and 9,971,711 shares issued at March 31, 2022 and December 31, 2021, respectively; 8,594,758 and 8,547,335 shares outstanding at March 31, 2022 and December 31, 2021, respectively 24 24
Paid-in capital 4,299 3,959
Retained earnings 59,309 58,664
Treasury stock at cost (1,424,376 shares at March 31, 2022 and December 31, 2021) (9,773) (9,773)
Accumulated other comprehensive loss, net of tax (1,308) (1,373)
Total stockholders' equity 52,551 51,501
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 72,676 $ 73,085