v3.22.1
Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 4,186 $ 5,101
Accounts receivable 3,616 4,243
Inventories 10,485 9,017
Prepaid expenses 3,264 4,006
Employee retention credit receivable 2,000 2,000
Income taxes receivable 787 787
Total current assets 24,338 25,154
Other assets:    
Operating lease right-of-use assets, net 748 914
Property and equipment, net 893 1,019
Deposits 93 93
Total assets 26,072 27,180
Current liabilities    
Accounts payable 544 328
Customer deposits 923 897
Accrued liabilities and other current liabilities 1,211 1,206
Current portion of operating lease liabilities 691 721
Current portion of notes payable 245 242
Total current liabilities 3,614 3,394
Notes payable, net of current portion 205 268
Operating lease liabilities, net of current portion 123 268
Total liabilities 3,942 3,930
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, 12,805,680 shares issued and 12,788,203 shares outstanding on March 31, 2022, and December 31, 2021. 1 1
Additional paid-in capital 36,816 36,816
Accumulated deficit (14,647) (13,527)
Treasury Stock, at cost (17,477 shares) (40) (40)
Total stockholders’ equity 22,130 23,250
Total liabilities and stockholders’ equity $ 26,072 $ 27,180

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