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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 1,978 $ 3,836
Accounts receivable, net of allowance for doubtful accounts and discounts & allowances of $1,467 and $1,100 at March 31, 2020 and December 31, 2019 respectively 8,430 6,692
Inventories, net 6,883 6,392
Prepaid expenses and other current assets 1,279 1,598
Refundable income taxes 1,027 681
Total current assets 19,597 19,199
Property and equipment, net 21,910 22,274
Operating lease right-of-use asset 707 738
Intangible assets    
Goodwill and indefinite-lived intangibles 12,824 12,824
Other intangible assets, net 113 152
Total intangible assets 12,937 12,976
Other assets 1,800 1,800
Total assets 56,951 56,987
Current liabilities    
Accounts payable 6,113 5,282
Accrued expenses 2,632 4,087
Accrued income taxes 116 154
Total current liabilities 8,861 9,523
Line of credit 2,751 2,745
Operating lease liabilities 427 488
Deferred income taxes, net 1,292 922
Other long-term liabilities 50 58
Total liabilities 13,381 13,736
Commitments and contingencies
Stockholders' equity    
Preferred stock, no par value; 2,500 shares authorized; no shares issued or outstanding at March 31, 2020 and December 31, 2019 0 0
Common stock, no par value; 40,000 shares authorized; 17,274 shares issued; 15,558 and 15,710 outstanding at March 31, 2020 and December 31, 2019, respectively 6,509 6,509
Paid-in-capital 2,748 2,380
Treasury stock, at cost (12,796) (12,601)
Retained earnings 47,109 46,963
Total stockholders' equity 43,570 43,251
Total liabilities and stockholders' equity $ 56,951 $ 56,987