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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash and cash equivalents $ 10,155 $ 10,329
Accounts receivable-trade, net of allowance for doubtful accounts of $24 and $14 at December 31, 2021 and 2020, respectively 614 350
Inventory 38,084 36,779
Income tax receivable 972 2,753
Prepaid expenses 483 536
Other current assets 141 265
Total current assets 50,449 51,012
Property and equipment, at cost 27,750 27,468
Less accumulated depreciation (15,989) (15,078)
Property and equipment, net 11,761 12,390
Operating lease assets 10,438 11,772
Finance lease assets 37 44
Deferred income taxes 0 82
Other intangibles, net of accumulated amortization of $548 at December 31, 2021 and 2020 6 6
Other assets 394 387
TOTAL ASSETS 73,085 75,693
CURRENT LIABILITIES:    
Accounts payable-trade 4,786 5,737
Accrued expenses and other liabilities 4,302 3,642
Current portion of operating lease liabilities 3,025 3,530
Current portion of finance lease liabilities 15 14
Current maturities of long-term debt 79 0
Total current liabilities 12,207 12,923
Uncertain tax positions 415 393
Other non-current liabilities 417 463
Operating lease liabilities, non-current 8,194 9,245
Finance lease liabilities, non-current 15 29
Long-term debt, net of current maturities 336 446
COMMITMENT AND CONTINGENCIES (Note 8)
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.10 par value; 20,000,000 shares authorized; none issued or outstanding; attributes to be determined on issuance 0 0
Common stock, $0.0024 par value; 25,000,000 shares authorized; 9,971,711 and 10,575,182 shares issued at December 31, 2021 and 2020, respectively; 8,547,335 and 9,150,806 shares outstanding at December 31, 2021 and 2020, respectively 24 25
Paid-in capital 3,959 5,924
Retained earnings 58,664 57,310
Treasury stock at cost (1,424,376 shares at December 31, 2021 and 2020) (9,773) (9,773)
Accumulated other comprehensive loss, net of tax (1,373) (1,292)
Total stockholders' equity 51,501 52,194
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 73,085 $ 75,693