Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 61,741 $ 20,245
Accounts receivable, net of allowance for doubtful accounts of $728 and $842, respectively 126,385 154,596
Inventory, net 4,064 4,766
Vendor prepayments and advances   890
Prepaid expenses and other current assets 7,837 4,141
Total current assets 200,027 184,638
Equipment and leasehold improvements, net 4,575 3,515
Goodwill 19,220 18,963
Other intangibles, net 19,485 19,693
Right-of-use assets, net 1,137 1,235
Accounts receivable-long-term, net 1,524 3,114
Other assets 472 350
Deferred income tax assets 92 348
Total assets 246,532 231,856
Current liabilities:    
Accounts payable and accrued expenses 173,060 160,650
Lease liability, current portion 497 521
Term loan, current portion 525 520
Total current liabilities 174,082 161,691
Lease liability, net of current portion 1,190 1,296
Deferred income tax liabilities 4,183 4,137
Term loan, net of current portion 1,159 1,292
Non-current liabilities 1,825 2,866
Total liabilities 182,439 171,282
Commitments and contingencies
Stockholders' equity:    
Common stock, $.01 par value; 10,000,000 shares authorized; 5,284,500 shares issued: 4,516,652 and 4,478,432 shares outstanding, respectively 53 53
Additional paid-in capital 32,495 32,715
Treasury stock, at cost, 767,848 and 806,068 shares, respectively (12,679) (13,230)
Retained earnings 46,479 43,904
Accumulated other comprehensive loss (2,255) (2,868)
Total stockholders' equity 64,093 60,574
Total liabilities and stockholders' equity $ 246,532 $ 231,856