Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.19.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 9,374 $ 14,883
Accounts receivable, net of allowances of $722 and $785, respectively 86,043 81,351
Inventory, net 1,447 1,473
Vendor prepayments   3,172
Prepaid expenses and other current assets 2,534 1,988
Total current assets 99,398 102,867
Equipment and leasehold improvements, net 1,420 1,588
Right-of-use assets, net 1,975  
Accounts receivable-long-term, net 2,705 3,156
Other assets 156 215
Deferred income taxes 10 145
Total assets 105,664 107,971
Current liabilities:    
Accounts payable and accrued expenses 60,086 66,653
Lease liability, current portion 404  
Total current liabilities 60,490 66,653
Lease liability, net of current portion 2,358  
Deferred rent and tenant allowances   745
Total liabilities 62,848 67,398
Commitments and contingencies
Stockholders’ equity:    
Common stock, $.01 par value; 10,000,000 shares authorized; 5,284,500 shares issued: 4,507,982 and 4,496,494 shares outstanding, respectively 53 53
Additional paid-in capital 32,467 32,392
Treasury stock, at cost, 776,518 and 788,006 shares, respectively (13,232) (13,447)
Retained earnings 24,780 22,994
Accumulated other comprehensive loss (1,252) (1,419)
Total stockholders' equity 42,816 40,573
Total liabilities and stockholders' equity $ 105,664 $ 107,971