Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.8.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 5,530 $ 13,524
Accounts receivable, net of allowances of $2,102 and $2,293, respectively 76,937 83,768
Inventory, net 2,794 2,324
Vendor prepayments 6,837  
Prepaid expenses and other current assets 993 948
Total current assets 93,091 100,564
Equipment and leasehold improvements, net 1,828 1,937
Accounts receivable-long-term, net 7,437 10,668
Other assets 231 113
Deferred income taxes 138 416
Total assets 102,725 113,698
Current liabilities:    
Accounts payable and accrued expenses 64,013 76,087
Total current liabilities 64,013 76,087
Commitments and Contingencies
Stockholders’ equity:    
Common Stock, $.01 par value; 10,000,000 shares authorized; 5,284,500 shares issued; 4,454,829 and 4,555,434 shares outstanding, respectively 53 53
Additional paid-in capital 31,257 30,683
Treasury stock, at cost, 829,671 and 729,066 shares, respectively (14,207) (12,029)
Retained earnings 22,522 20,515
Accumulated other comprehensive loss (913) (1,611)
Total stockholders' equity 38,712 37,611
Total liabilities and stockholders' equity $ 102,725 $ 113,698