Balance Sheet

v3.8.0.1
Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
CURRENT ASSETS    
Cash $ 3 $ 572
Cash - restricted 0 535
Trade receivables, net 18,276 13,603
Receivables from affiliates 76 1,413
Inventory, net 26,691 30,896
Prepaid income tax 896  
Prepaid expenses and other 591 537
Total current assets 46,533 47,556
NON-CURRENT ASSETS    
Property, plant and equipment, net 13,797 15,402
Intangible assets, net 23,277 25,824
Goodwill 30,579 30,579
Deferred financing costs - revolving loan facility 298 371
Other long-term assets 13  
Deferred tax asset 624  
Total assets 115,121 119,732
LIABILITIES AND STOCKHOLDERS' EQUITY    
Note payable - current portion 2,000 3,000
Trade accounts payable 15,174 11,976
Payables to affiliates 1,063 2,298
Accrued compensation and benefits 1,483 1,073
Accrued warranties 1,869 1,870
Accrued product liability- short term 778 2,125
Accrued other 1,039 1,312
Total current liabilities 23,406 23,654
NON-CURRENT LIABILITIES    
Revolving loan facility 12,511 15,605
Note payable - long term, net 12,664 26,265
Other long-term liabilities 739 773
Total liabilities 49,320 66,297
STOCKHOLDERS' EQUITY    
Preferred stock, $0.001 par value, 5,000 authorized, none outstanding at December 31, 2017 and December 31, 2016, respectively
Common stock, $0.001 par value, 50,000 authorized, 9,806 and 8,000 shares issued and outstanding at December 31, 2017 and December 31, 2016, respectively 10 8
Additional paid-in capital 65,434 54,779
Retained earnings (accumulated deficit) 357 (1,352)
Total Stockholders' Equity 65,801 53,435
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 115,121 $ 119,732

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