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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 5,588 $ 10,155
Accounts receivable-trade, net of allowance for doubtful accounts of $48 and $24 at June 30, 2022 and December 31, 2021, respectively 463 614
Inventory 40,112 38,084
Income tax receivable 1,905 972
Prepaid expenses 1,036 483
Other current assets 126 141
Total current assets 49,230 50,449
Property and equipment, at cost 27,975 27,750
Less accumulated depreciation (16,369) (15,989)
Property and equipment, net 11,606 11,761
Operating lease assets 9,848 10,438
Financing lease assets 34 37
Deferred income taxes 2 0
Other intangibles, net of accumulated amortization of $549 and $548 at June 30, 2022 and December 31, 2021, respectively 5 6
Other assets 393 394
TOTAL ASSETS 71,118 73,085
CURRENT LIABILITIES:    
Accounts payable-trade 6,190 4,786
Accrued expenses and other liabilities 3,385 4,302
Current portion of operating lease liabilities 2,831 3,025
Current portion of finance lease liabilities 15 15
Current maturities of long-term debt 0 79
Total current liabilities 12,421 12,207
Uncertain tax positions 415 415
Other non-current liabilities 417 417
Operating lease liabilities, non-current 7,722 8,194
Finance lease liabilities, non-current 7 15
Long-term debt, net of current maturities 0 336
COMMITMENTS 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; 9,660,488 and 9,971,711 shares issued at June 30, 2022 and December 31, 2021, respectively; 8,236,112 and 8,547,335 shares outstanding at June 30, 2022 and December 31, 2021, respectively 23 24
Paid-in capital 2,727 3,959
Retained earnings 58,720 58,664
Treasury stock at cost (1,424,376 shares at June 30, 2022 and December 31, 2021) (9,773) (9,773)
Accumulated other comprehensive loss, net of tax (1,561) (1,373)
Total stockholders' equity 50,136 51,501
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 71,118 $ 73,085