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Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 4,183,000 $ 6,146,000
Accounts receivable, net 44,261,000 35,261,000
Inventories, net 23,871,000 25,129,000
Foreign sales tax receivable 2,680,000 2,665,000
Prepaid expenses and other current assets 5,670,000 5,941,000
Total current assets 80,665,000 75,142,000
Right of use asset 5,114,000 5,577,000
Property, plant and equipment, net 83,267,000 75,897,000
Goodwill 17,376,000 17,376,000
Intangibles, net 7,619,000 9,567,000
Other non-current assets 4,574,000 3,133,000
Total Assets 198,615,000 186,692,000
Current liabilities:    
Current portion of long-term debt 1,208,000 3,943,000
Revolving debt 1,864,000 4,424,000
Accounts payable 29,586,000 22,695,000
Contract liabilities 1,395,000 6,256,000
Accrued liabilities:    
Compensation and related benefits 9,101,000 7,532,000
Other 7,643,000 8,202,000
Total current liabilities 50,797,000 53,052,000
Other non-current liabilities 3,516,000 4,605,000
Long-term debt 22,986,000 21,251,000
Post retirement benefits liability 5,191,000 7,689,000
Total Liabilities 82,490,000 86,597,000
Commitments and Contingencies
Stockholders' Equity:    
Preferred stock — $0.01 par value, authorized shares - 10,000,000; no shares outstanding at December 31, 2022 and December 31, 2021 0 0
Common stock — $0.01 par value, authorized shares - 20,000,000; outstanding shares: 8,417,656 at December 31, 2022 and 8,235,740 at December 31, 2021 84,000 82,000
Paid-in capital 40,342,000 38,013,000
Accumulated other comprehensive income, net of income taxes 3,053,000 1,075,000
Treasury stock — at cost, 3,866,451 shares at December 31, 2022 and 3,818,166 shares at December 31, 2021 (29,099,000) (28,617,000)
Retained earnings 101,745,000 89,542,000
Total Stockholders' Equity 116,125,000 100,095,000
Total Liabilities and Stockholders' Equity $ 198,615,000 $ 186,692,000