Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 29,348 $ 14,984
Accounts receivable, net of allowances of $892 and $765, respectively 93,821 100,987
Inventory, net 4,936 2,760
Vendor prepayments 1,235 100
Prepaid expenses and other current assets 3,837 2,718
Total current assets 133,177 121,549
Equipment and leasehold improvements, net 2,308 1,215
Goodwill 16,816  
Other intangibles, net 10,625  
Right-of-use assets, net 1,933 1,792
Accounts receivable-long-term, net 304 1,358
Other assets 257 111
Deferred income tax assets 113 256
Total assets 165,533 126,281
Current liabilities:    
Accounts payable and accrued expenses 116,692 78,364
Lease liability, current portion 490 383
Total current liabilities 117,182 78,747
Lease liability, net of current portion 2,167 2,189
Non-current liabilities   89
Deferred income tax liabilities 1,467  
Total liabilities 120,816 81,025
Commitments and contingencies
Stockholders’ equity:    
Common stock, $.01 par value; 10,000,000 shares authorized; 5,284,500 shares issued: 4,361,997 and 4,505,693 shares outstanding, respectively 53 53
Additional paid-in capital 31,962 32,874
Treasury stock, at cost, 922,503 and 778,807 shares, respectively (14,747) (13,256)
Retained earnings 28,191 26,715
Accumulated other comprehensive loss (742) (1,130)
Total stockholders' equity 44,717 45,256
Total liabilities and stockholders' equity $ 165,533 $ 126,281