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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 6,364 $ 19,457
Accounts receivable, net 13,639 7,593
Employee retention credit receivable 1,500 1,500
Inventories 11,115 7,711
Prepaid income taxes 188 137
Other current assets 984 738
Total current assets 33,790 37,136
Fixed assets, net of accumulated depreciation of $17,499 and $16,736, respectively 2,737 2,684
Right-of-use asset 2,693 2,553
Goodwill 2,621 2,621
Deferred tax assets 7,520 5,143
Intangible assets, net of accumulated amortization of $1,325 and $1,209, respectively 281 397
Other assets 297 400
Total noncurrent assets 16,149 13,798
Total assets 49,939 50,934
Current liabilities:    
Current portion of revolving loan payable 2,250 0
Accounts payable 6,156 4,308
Accrued liabilities 3,998 3,894
Lease liability 827 789
Deferred revenue 1,158 805
Total current liabilities 14,389 9,796
Deferred revenue, net of current portion 164 186
Lease liability, net of current portion 1,909 1,781
Other liabilities 195 187
Total noncurrent liabilities 2,268 2,154
Total liabilities 16,657 11,950
Shareholders' equity:    
Common stock, $0.01 par value, 20,000,000 shares authorized; 13,956,375 and 13,917,731 shares issued, respectively; 9,911,533 and 9,872,889 shares outstanding, respectively 139 139
Additional paid-in capital 55,995 55,246
Retained earnings 9,370 15,566
Accumulated other comprehensive (loss) income, net of tax (112) 143
Treasury stock, at cost, 4,044,842 shares (32,110) (32,110)
Total shareholders' equity 33,282 38,984
Total liabilities and shareholders' equity $ 49,939 $ 50,934