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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 8,229 $ 8,605
Accounts receivable, net of allowance for doubtful accounts of $18 and $2, respectively 2,369 2,261
Inventories 1,429 770
Prepaid expenses and other current assets 355 480
Total current assets 12,382 12,116
Property and equipment:    
Furniture and fixtures 136 154
Leasehold improvements 6 6
Equipment 994 1,215
Real property 2,059 0
Total property and equipment 3,195 1,375
Accumulated depreciation 958 1,072
Net property and equipment 2,237 303
Intangible assets, net 2,866 3,161
Deferred income taxes 4,824 5,708
Operating lease asset, net 58 136
TOTAL ASSETS 22,367 21,424
Current liabilities:    
Accounts payable 236 547
Deferred revenue 107 37
Warranty 128 141
Accrued compensation 132 148
Operating lease obligation 59 126
Short-term debt 56 349
Other current liabilities 181 124
Total current liabilities 899 1,472
Non-current liabilities    
Operating lease obligation 0 8
Long-term debt 1,674 574
TOTAL LIABILITIES 2,573 2,054
Commitments and contingencies (Note 16)
Shareholders' equity    
Preferred stock, $.01 par value; - shares authorized, none issued or outstanding 0 0
Common stock, $.01 par value; 20,000,000 shares authorized, 5,378,857 and 5,352,626 issued and outstanding, respectively 54 54
Additional paid-in capital 25,167 24,968
Accumulated other comprehensive loss (288) (150)
Accumulated deficit (5,139) (5,502)
Total shareholders' equity 19,794 19,370
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 22,367 $ 21,424