Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 11,587 $ 14,984
Accounts receivable, net of allowances of $785 and $765, respectively 108,791 100,987
Inventory, net 2,248 2,760
Vendor prepayments 560 100
Prepaid expenses and other current assets 2,600 2,718
Total current assets 125,786 121,549
Equipment and leasehold improvements, net 1,122 1,215
Right-of-use assets, net 1,708 1,792
Accounts receivable-long-term, net 1,015 1,358
Other assets 91 111
Deferred income taxes 124 256
Total assets 129,846 126,281
Current liabilities:    
Accounts payable and accrued expenses 82,343 78,364
Lease liability, current portion 370 383
Total current liabilities 82,713 78,747
Lease liability, net of current portion 2,094 2,189
Non-current liabilities 89 89
Total liabilities 84,896 81,025
Commitments and contingencies
Stockholders’ equity:    
Common stock, $.01 par value; 10,000,000 shares authorized; 5,284,500 shares issued: 4,567,444 and 4,505,693 shares outstanding, respectively 53 53
Additional paid-in capital 31,961 32,874
Treasury stock, at cost, 717,056 and 778,807 shares, respectively (12,209) (13,256)
Retained earnings 26,776 26,715
Accumulated other comprehensive loss (1,631) (1,130)
Total stockholders' equity 44,950 45,256
Total liabilities and stockholders' equity $ 129,846 $ 126,281