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Consolidated Balance Sheets (Unaudited - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 8,933 $ 9,233
Accounts receivable, net of allowance for doubtful accounts and discounts & allowances of $1,400 and $1,170 at September 30, 2022 and December 31, 2021 respectively 11,507 9,930
Inventories, net 9,192 8,285
Prepaid expenses and other current assets 1,369 1,254
Refundable income taxes 653 344
Total current assets 31,654 29,046
Property, plant and equipment, net 20,905 20,130
Operating lease right-of-use asset 135 216
Goodwill 11,704 11,704
Intangible assets, net 7,573 7,978
Other assets 1,800 1,800
Total assets 73,771 70,874
Current liabilities    
Current portion of note payable 1,000 1,000
Accounts payable 9,119 6,614
Accrued expenses 4,378 3,724
Accrued income taxes 725
Total current liabilities 14,497 12,063
Line of credit 2,777 2,777
Note payable 2,725 3,470
Operating lease liabilities 74 85
Deferred income taxes, net 3,201 3,201
Other long-term liabilities 0 147
Total liabilities 23,274 21,743
Commitments and contingencies
Stockholders' equity    
Preferred stock, no par value; 2,500 shares authorized; no shares issued or outstanding at September 30, 2022 and December 31, 2021 0 0
Common stock, no par value; 40,000 shares authorized; 17,274 shares issued; 15,495 and 15,435 outstanding at September 30, 2022 and December 31, 2021, respectively 6,509 6,509
Paid-in capital 3,271 2,552
Treasury stock, at cost (12,997) (13,436)
Retained earnings 53,714 53,506
Total stockholders' equity 50,497 49,131
Total liabilities and stockholders' equity $ 73,771 $ 70,874