Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

v3.20.2
Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 727 $ 2,840
Accounts receivable 766 934
Inventories, net 13,883 13,912
Prepaid expenses 1,018 1,265
Income tax receivable 1,715 231
Total current assets 18,109 19,182
Other assets:    
Operating lease right-of-use assets, net 1,878 2,187
Property and equipment, net 1,778 2,100
Deposits 93 94
Deferred tax assets 655
Total assets 22,513 23,563
Current liabilities    
Accounts payable 584 575
Customer deposits 592 197
Accrued expenses and other current liabilities 827 1,031
Current portion of operating lease liabilities 645 618
Current portion of notes payable 315 328
Total current liabilities 2,963 2,749
Notes payable, net of current portion 627 778
Operating lease liabilities, net of current portion 1,331 1,660
PPP Loan 1,715
Total liabilities 6,636 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, 10,143,158 shares issued and 10,125,681 shares outstanding 1 1
Additional paid-in capital 19,657 19,657
Accumulated deficit (3,741) (1,242)
Treasury Stock, at cost (17,477 shares) (40) (40)
Total stockholders' equity 15,877 18,376
Total liabilities and stockholders' equity $ 22,513 $ 23,563