Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 29,272 $ 29,348
Accounts receivable, net of allowance for doubtful accounts of $881 and $892, respectively 122,502 93,821
Inventory, net 2,022 4,936
Vendor prepayments and advances 661 1,235
Prepaid expenses and other current assets 4,871 3,837
Total current assets 159,328 133,177
Equipment and leasehold improvements, net 1,932 2,308
Goodwill 17,188 16,816
Other intangibles, net 9,950 10,625
Right-of-use assets, net 1,628 1,933
Accounts receivable-long-term, net 78 304
Other assets 459 257
Deferred income tax assets 189 113
Total assets 190,752 165,533
Current liabilities:    
Accounts payable and accrued expenses 134,271 116,692
Lease liability, current portion 475 490
Total current liabilities 134,746 117,182
Lease liability, net of current portion 1,810 2,167
Deferred income tax liabilities 1,780 1,467
Total liabilities 138,336 120,816
Commitments and contingencies
Stockholders' equity:    
Common stock, $.01 par value; 10,000,000 shares authorized; 5,284,500 shares issued: 4,424,672 and 4,361,997 shares outstanding, respectively 53 53
Additional paid-in capital 32,087 31,962
Treasury stock, at cost, 859,828 and 922,503 shares, respectively (13,870) (14,747)
Retained earnings 34,396 28,191
Accumulated other comprehensive loss (250) (742)
Total stockholders' equity 52,416 44,717
Total liabilities and stockholders' equity $ 190,752 $ 165,533