v3.22.2.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 990 $ 149
Accounts receivable, net 5,666 2,845
Prepaid expenses and other current assets 1,258 2,185
Inventories 405 346
Assets held for sale 68 68
Total current assets 8,387 5,593
Property and equipment, net 15,128 16,173
Goodwill 546 546
Intangible assets, net 345 399
Right-of-use asset - finance, net 31 41
Right-of-use asset - operating, net 1,862 2,060
Other assets 328 336
TOTAL ASSETS 26,627 25,148
Current Liabilities:    
Accounts payable and accrued liabilities 5,050 2,857
Senior revolving credit facility, related party (including future interest payable of $0 and $38, respectively - see Note 5) 0 8,698
Current portion of long-term debt 59 58
Subordinated debt, related party (Note 2 and Note 5) 0 211
Lease liability - finance, current 13 20
Lease liability - operating, current 638 688
Other current liabilities 1,000 0
Total current liabilities 10,079 12,532
Non-Current Liabilities:    
Senior revolving credit facility, related party 0 5,404
Long-term debt, less current portion 39 54
March 2022 convertible note, related party (Note 2 and Note 5) 1,200 0
Lease liability - finance, less current portion 19 23
Lease liability - operating, less current portion 1,348 1,496
Deferred tax liabilities 273 273
Other non-current liabilities 21 24
Total non-current liabilities 7,983 7,274
TOTAL LIABILITIES 18,062 19,806
Commitments and Contingencies (Note 7)
Stockholders' Equity:    
Preferred stock, $0.005 par value, 10,000,000 shares authorized, no shares issued or outstanding 0 0
Common stock, $0.005 par value, 100,000,000 shares authorized; 11,509,531 and 11,439,191 shares issued as of March 31, 2022 and December 31, 2021, respectively; 6,907 shares of treasury stock as of March 31, 2022 and December 31, 2021, respectively; and 11,502,624 and 11,432,284 shares outstanding as of March 31, 2022 and December 31, 2021, respectively 57 57
Additional paid-in capital 40,949 40,866
Accumulated deficit (32,441) (35,581)
Total stockholders' equity 8,565 5,342
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 26,627 25,148
Utica [Member]    
Current Liabilities:    
Current portion of long-term debt 919 0
Non-Current Liabilities:    
Long-term debt, less current portion 5,083 0
L S Q [Member]    
Current Liabilities:    
Current portion of long-term debt $ 2,400 $ 0