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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Cash and cash equivalents $ 6,501 $ 3,913
Accounts receivable, net of reserves of $163 and $141, respectively 5,180 4,802
Inventories, net 9,341 8,884
Prepaid expenses and other current assets 640 588
Total current assets 21,662 18,187
Property, plant and equipment, net 4,687 4,131
Right-of-use lease asset 43 97
Intangible assets, net 40 45
Deferred income tax asset 1,943 1,835
Other assets 7 10
Total assets 28,382 24,305
Current liabilities:    
Accounts payable 1,442 1,300
Accrued compensation and commissions 2,286 2,196
Other accrued expenses 985 611
Income taxes payable 0 277
Total current liabilities 4,713 4,384
Long-term lease liability 9 26
Total liabilities 4,722 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; 2,808,579 and 2,786,321 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively) 27 27
Additional paid-in capital 16,702 16,167
Retained earnings 6,931 3,701
Total stockholders' equity 23,660 19,895
Total liabilities and stockholders' equity $ 28,382 $ 24,305