XML 13 R2.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 3,905 $ 1,633
Accounts receivable, net 6,849 8,263
Work-in-process and inventories, net 1,479 2,267
Prepaid expenses and other current assets 804 1,819
Total current assets 13,037 13,982
Property and equipment, net 245 201
Operating lease right-of-use assets 1,504 1,584
Intangibles, net 23,819 23,752
Goodwill 26,453 26,453
Other assets 44 43
TOTAL ASSETS 65,102 66,015
CURRENT LIABILITIES    
Accounts payable 3,087 3,757
Accrued expenses 3,726 3,828
Deferred revenues 3,605 1,223
Customer deposits 785 2,478
Current maturities of operating leases 712 711
Total current liabilities 16,859 16,496
Long-term Secured Promissory Note 0 208
Long-term obligations under operating leases 792 873
Contingent acquisition consideration, at fair value 9,865 9,789
Other liabilities 80 205
TOTAL LIABILITIES 40,020 40,436
SHAREHOLDERS’ EQUITY    
Common stock, $0.01 par value, 66,666 shares authorized; 7,394 and 7,266 shares issued and outstanding, respectively 74 72
Additional paid-in capital 76,417 75,916
Accumulated deficit (51,409) (50,409)
Total shareholders’ equity 25,082 25,579
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 65,102 66,015
Seller Note [Member]    
CURRENT LIABILITIES    
Short-term portion of Secured Promissory Note 1,146 1,248
Consolidated Term Loan [Member] | Related Party [Member]    
CURRENT LIABILITIES    
Short-term related party Loan 2,048 1,251
Long-term debt 3,736 4,349
Term Loan 2022 [Member] | Related Party [Member]    
CURRENT LIABILITIES    
Short-term related party Loan 1,750 2,000
Acquisition Term Loan [Member] | Related Party [Member]    
CURRENT LIABILITIES    
Long-term debt $ 8,688 $ 8,516