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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 8,646 $ 7,975
Accounts receivable-trade, net of allowance for doubtful accounts of $18 and $56 at March 31, 2023 and December 31, 2022, respectively 474 370
Inventory 35,873 38,227
Income tax receivable 302 302
Prepaid expenses 403 272
Other current assets 114 106
Total current assets 45,812 47,252
Property and equipment, at cost 28,149 28,124
Less accumulated depreciation (17,214) (16,962)
Property and equipment, net 10,935 11,162
Operating lease assets 10,981 9,742
Financing lease assets 31 31
Other intangibles, net of accumulated amortization of $549 at March 31, 2023 and December 31, 2022 5 5
Other assets 422 387
TOTAL ASSETS 68,186 68,579
CURRENT LIABILITIES:    
Accounts payable-trade 1,030 3,082
Accrued expenses and other liabilities 1,987 2,681
Income taxes payable 486 211
Current portion of operating lease liabilities 3,232 2,881
Current portion of finance lease liabilities 15 15
Total current liabilities 6,750 8,870
Uncertain tax positions 450 450
Other non-current liabilities 326 326
Operating lease liabilities, non-current 8,343 7,469
Finance lease liabilities, non-current 1 1
COMMITMENTS AND CONTINGENCIES (Note 6)
STOCKHOLDERS' EQUITY:    
Common stock, $0.0024 par value; 25,000,000 shares authorized; 9,734,984 and 9,717,525 shares issued at March 31, 2023 and December 31, 2022, respectively; 8,310,667 and 8,293,149 shares outstanding at March 31, 2023 and December 31, 2022, respectively 23 23
Paid-in capital 3,450 3,222
Retained earnings 60,555 59,891
Treasury stock at cost (1,424,376 shares at March 31, 2023 and December 31, 2022) (9,773) (9,773)
Accumulated other comprehensive loss, net of tax (1,939) (1,900)
Total stockholders' equity 52,316 51,463
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 68,186 $ 68,579