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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 5,414 $ 3,913
Accounts receivable, net of reserves of $147 and $141, respectively 5,594 4,802
Inventories, net 9,161 8,884
Prepaid expenses and other current assets 554 588
Total current assets 20,723 18,187
Property, plant and equipment, net 4,034 4,131
Right-of-use lease asset 81 97
Intangible assets, net 40 45
Deferred income tax asset 1,896 1,835
Other assets 8 10
Total assets 26,782 24,305
Current liabilities:    
Accounts payable 1,231 1,300
Accrued compensation and commissions 2,322 2,196
Other accrued expenses 829 611
Income taxes payable 675 277
Total current liabilities 5,057 4,384
Long-term lease liability 10 26
Total liabilities 5,067 4,410
Commitments and Contingencies (Note 8)
Stockholders' equity:    
Preferred stock ($0.01 par value; 5,000,000 shares authorized, none issued) 0 0
Common stock ($0.01 par value; 25,000,000 shares authorized; 2,798,579 and 2,786,321 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively) 27 27
Additional paid-in capital 16,501 16,167
Retained earnings 5,187 3,701
Total stockholders' equity 21,715 19,895
Total liabilities and stockholders' equity $ 26,782 $ 24,305