Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 14,984 $ 14,883
Accounts receivable, net of allowances of $765 and $785, respectively 100,987 81,351
Inventory, net 2,760 1,473
Vendor prepayments 100 3,172
Prepaid expenses and other current assets 2,718 1,988
Total current assets 121,549 102,867
Equipment and leasehold improvements, net 1,215 1,588
Right-of-use assets, net 1,792  
Accounts receivable-long-term, net 1,358 3,156
Other assets 111 215
Deferred income taxes 256 145
Total assets 126,281 107,971
Current liabilities:    
Accounts payable and accrued expenses 78,364 66,653
Lease liability, current portion 383  
Total current liabilities 78,747 66,653
Lease liability, net of current portion 2,189  
Non-current liabilities 89 745
Total liabilities 81,025 67,398
Commitments and contingencies
Stockholders’ equity:    
Common stock, $.01 par value; 10,000,000 shares authorized; 5,284,500 shares issued: 4,505,693 and 4,496,494 shares outstanding, respectively 53 53
Additional paid-in capital 32,874 32,392
Treasury stock, at cost, 778,807 and 788,006 shares, respectively (13,256) (13,447)
Retained earnings 26,715 22,994
Accumulated other comprehensive loss (1,130) (1,419)
Total stockholders' equity 45,256 40,573
Total liabilities and stockholders' equity $ 126,281 $ 107,971