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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 4,444 $ 9,233
Accounts receivable, net of allowance for doubtful accounts and discounts & allowances of $1,820 and $1,170 at December 31, 2022 and 2021, respectively 11,414 9,930
Inventories, net 9,631 8,285
Prepaid expenses and other current assets 1,445 1,254
Refundable income taxes 44 344
Total current assets 26,978 29,046
Property, plant and equipment, net 20,905 20,130
Operating lease right-of use asset 174 216
Goodwill 11,704 11,704
Intangible assets, net 7,438 7,978
Other assets 1,800 1,800
Total assets 68,999 70,874
Current liabilities    
Current portion of note payable 1,250 1,000
Accounts payable 7,979 6,614
Accrued expenses 3,813 3,724
Accrued income taxes 0 725
Total current liabilities 13,042 12,063
Line of credit 2,777 2,777
Note payable 2,477 3,470
Operating lease liabilities 104 85
Deferred income taxes, net 3,029 3,201
Other long-term liabilities 0 147
Total liabilities 21,429 21,743
Commitments and contingencies (Note 9)
Stockholders’ equity    
Preferred stock, no par value; 2,500 shares authorized; none issued 0 0
Common stock, no par value; 40,000 shares authorized; 17,274 shares issued; 14,645 and 15,435 shares outstanding at 2022 and 2021 6,509 6,509
Paid-in capital 3,624 2,552
Treasury stock, at cost (16,993) (13,436)
Retained earnings 54,430 53,506
Total stockholders’ equity 47,570 49,131
Total liabilities and stockholders’ equity $ 68,999 $ 70,874