XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 4,407 $ 8,229
Accounts receivable, net of allowance for doubtful accounts of $4 and $18 respectively 2,454 2,369
Inventories 1,366 1,429
Investments in held-to-maturity debt securities 76 0
Investments in equity securities 343 [1] 0
Prepaid expenses and other current assets 996 355
Total current assets 9,642 12,382
Property and equipment:    
Furniture and fixtures 136 136
Leasehold improvements 6 6
Equipment 953 994
Real property 2,059 2,059
Property and equipment, Gross 3,154 3,195
Accumulated depreciation 956 958
Property and equipment, Net 2,198 2,237
Operating lease assets, net 14 58
Intangible assets, net 2,979 2,866
Deferred income taxes 4,825 4,824
Long-term investments in held-to-maturity debt securities 2,338 0
TOTAL ASSETS 21,996 22,367
Current liabilities:    
Accounts payable 406 236
Deferred revenue 111 107
Warranty 125 128
Accrued compensation 53 132
Operating lease obligations 14 59
Current maturities of long-term debt 56 56
Other current liabilities 238 181
Total current liabilities 1,003 899
Long-term debt 1,660 1,674
TOTAL LIABILITIES 2,663 2,573
Shareholders' equity:    
Preferred stock, $0.01 par value; 5,000,000 shares authorized, none issued or outstanding 0 0
Common stock, $0.01 par value; 20,000,000 shares authorized, 5,391,488 and 5,378,857 issued and outstanding at March 31, 2022 and December 31, 2021, respectively 54 54
Additional paid-in capital 25,396 25,167
Accumulated other comprehensive loss (350) (288)
Accumulated deficit (5,767) (5,139)
Total shareholders' equity 19,333 19,794
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 21,996 $ 22,367
[1] The fair value of the Company's equity investments are determined based on readily available market data, and are classified as level 1 fair value measurements.