Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

v3.20.2
Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 899 $ 2,840
Accounts receivable 938 934
Inventories, net 13,533 13,912
Prepaid expenses 1,464 1,265
Income tax receivable 1,715 231
Total current assets 18,549 19,182
Other assets:    
Operating lease right-of-use assets, net 2,033 2,187
Property and equipment, net 1,936 2,100
Deposits 93 94
Deferred tax assets 655
Total assets 23,266 23,563
Current liabilities    
Accounts payable 573 575
Customer deposits 288 197
Accrued liabilities and other current liabilities 1,075 1,031
Current portion of operating lease liabilities 633 618
Current portion of notes payable 327 328
Total current liabilities 2,896 2,749
Notes payable, net of current portion 698 778
Operating lease liabilities, net of current portion 1,497 1,660
Total liabilities 5,091 5,187
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, 10,143,158 shares issued and 10,125,681 shares outstanding 1 1
Additional paid-in capital 19,657 19,657
Accumulated deficit (1,443) (1,242)
Treasury Stock, at cost (17,477 shares) (40) (40)
Total stockholders’ equity 18,175 18,376
Total liabilities and stockholders’ equity $ 23,266 $ 23,563