XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 15,092 $ 24,185
Restricted cash 944 944
Accounts receivable, net of allowance of $899 and $987 in 2022 and 2021, respectively 270 90
Income tax receivable 368 342
Inventories, net 15,251 12,020
Prepaid expenses and other current assets 1,943 2,888
Deferred commissions 2,574 2,369
Total current assets 36,442 42,838
Property and equipment, net 3,613 2,882
Construction in progress 283 1,357
Long-term restricted cash 435 503
Other assets 8,757 9,220
Deferred tax assets, net 2,970 2,825
Total assets 52,500 59,625
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Current portion of finance leases 65 68
Accounts payable 4,581 3,969
Accrued expenses 7,504 9,224
Commissions and incentives payable 8,402 9,611
Taxes payable 1,908 2,154
Current notes payable 323 205
Deferred revenue 5,952 4,867
Total current liabilities 28,735 30,098
Finance leases, excluding current portion 102 66
Other long-term liabilities 5,052 5,049
Total liabilities 33,889 35,213
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, $0.01 par value, 1,000,000 shares authorized, no shares issued or outstanding 0 0
Common stock, $0.0001 par value, 99,000,000 shares authorized, 2,742,857 shares issued and 1,874,930 shares outstanding as of September 30, 2022 and 2,742,857 shares issued and 1,940,687 shares outstanding as of December 31, 2021 0 0
Additional paid-in capital 33,418 33,277
Retained earnings 8,567 7,708
Accumulated other comprehensive (loss) income (3,053) 2,342
Treasury stock, at average cost, 867,927 shares as of September 30, 2022 and 802,170 shares as of December 31, 2021 (20,321) (18,915)
Total shareholders’ equity 18,611 24,412
Total liabilities and shareholders’ equity $ 52,500 $ 59,625