Annual report pursuant to Section 13 and 15(d)

Balance Sheets

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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 1,646 $ 2,840
Accounts receivable 1,190 934
Inventories 9,094 13,912
Prepaid expenses 358 1,265
Income taxes receivable 2,357 231
Total current assets 14,645 19,182
Other assets:    
Operating lease right-of-use assets, net 1,563 2,187
Property and equipment, net 1,497 2,100
Deposits 94 94
Total assets 17,799 23,563
Current liabilities    
Accounts payable 311 575
Customer deposits 703 197
Accrued liabilities and other current liabilities 1,142 1,031
Current portion of operating lease liabilities 670 618
Current portion of notes payable 267 328
Current portion of loan payable 1,429  
Total current liabilities 4,522 2,749
Notes payable, net of current portion 510 778
Operating lease liabilities, net of current portion 990 1,660
Loan payable, net of current portion 286
Total liabilities 6,308 5,187
Commitments and Contingencies
Stockholders' Equity    
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, no shares issued and outstanding
Common stock, $0.0001 par value, 50,000,000 shares authorized, 11,768,158 shares issued and 11,750,681 shares outstanding on December 31, 2020 and 10,143,158 shares issued and 10,125,681 shares outstanding on December 31, 2019 1 1
Additional paid-in capital 23,643 19,657
Accumulated deficit (12,113) (1,242)
Treasury Stock, at cost (17,477 shares) (40) (40)
Total stockholders' equity 11,491 18,376
Total liabilities and stockholders' equity $ 17,799 $ 23,563