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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 23,594 $ 13,271
Accounts receivable-trade, net of allowance for credit losses of $49 at March 31, 2025 and December 31, 2024 301 331
Inventory 34,350 35,556
Income tax receivable 385 384
Prepaid expenses 704 898
Other current assets 95 96
Total current assets 59,429 50,536
Property and equipment, at cost 21,490 31,655
Less accumulated depreciation (15,239) (19,320)
Property and equipment, net 6,251 12,335
Operating lease assets 10,531 10,323
Deferred income taxes 1,041 1,213
Other assets 664 517
TOTAL ASSETS 77,916 74,924
CURRENT LIABILITIES:    
Accounts payable-trade 3,407 3,110
Accrued expenses and other liabilities 2,692 3,571
Income taxes payable 3,884 0
Current portion of operating lease liabilities 3,205 3,205
Total current liabilities 13,188 9,886
Uncertain tax positions 248 248
Other non-current liabilities 77 76
Operating lease liabilities, non-current 7,514 7,561
COMMITMENTS AND CONTINGENCIES (Note 6)
STOCKHOLDERS' EQUITY:    
Common stock, $0.0024 par value; 25,000,000 shares authorized; 9,936,930 and 9,920,957 shares issued at March 31, 2025 and December 31, 2024, respectively; 8,512,554 and 8,496,581 shares outstanding at March 31, 2025 and December 31, 2024, respectively 23 23
Paid-in capital 4,622 4,529
Retained earnings 64,417 64,486
Treasury stock at cost (1,424,376 shares at March 31, 2025 and December 31, 2024) (9,773) (9,773)
Accumulated other comprehensive loss, net of tax (2,400) (2,112)
Total stockholders' equity 56,889 57,153
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 77,916 $ 74,924