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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 4,304,000 $ 10,091,000
Accounts receivable, net 2,167,000 1,178,000
Inventories 2,476,000 2,112,000
Prepaid expenses and other current assets 381,000 321,000
Total current assets 9,328,000 13,702,000
Property, plant and equipment, net 313,000 184,000
Intangible assets, net 2,654,000 76,000
Goodwill acquired in acquisition 2,461,000 650,000
Right-of-use assets 143,000 172,000
Deferred tax assets 83,000 134,000
Other assets 80,000 65,000
Total assets 15,062,000 14,983,000
Current liabilities    
Accounts payable 464,000 273,000
Accrued liabilities 492,000 568,000
Lease liabilities, current 126,000 131,000
Accrued income taxes 293,000 117,000
Total current liabilities 1,375,000 1,089,000
Long-term liabilities    
Lease liabilities, long term 33,000 46,000
Deferred tax liabilities 626,000  
Total long-term liabilities 659,000 46,000
Total liabilities 2,034,000 1,135,000
Commitments and contingencies (Note 12)
Stockholders' equity    
Preferred stock, $0.01 par value: 1,000 shares authorized, 200 shares of Series A Convertible Preferred Stock issued and outstanding at both September 30, 2023 and December 31, 2022 ($5.0 million liquidation preference) 2,000 2,000
Common stock, $0.001 par value: 30,000 shares authorized, 6,574 shares issued and outstanding at September 30, 2023; 6,610 shares issued and outstanding at December 31, 2022 10,000 10,000
Additional paid-in-capital 62,279,000 62,614,000
Accumulated other comprehensive income (loss) 200,000 (98,000)
Accumulated deficit (49,463,000) (48,680,000)
Total stockholders' equity 13,028,000 13,848,000
Total liabilities and stockholders' equity $ 15,062,000 $ 14,983,000