Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 6,994 $ 5,530
Accounts receivable, net of allowances of $2,228 and $2,102, respectively 82,019 76,937
Inventory, net 2,362 2,794
Vendor prepayments 5,212 6,837
Prepaid expenses and other current assets 611 553
Total current assets 97,198 92,651
Equipment and leasehold improvements, net 1,758 1,828
Accounts receivable-long-term, net 7,530 7,437
Other assets 1,854 231
Deferred income taxes 107 138
Total assets 108,447 102,285
Current liabilities:    
Accounts payable and accrued expenses 67,931 62,792
Total current liabilities 67,931 62,792
Deferred rent and tenant allowances 764 781
Commitments and Contingencies
Stockholders’ equity:    
Common Stock, $.01 par value; 10,000,000 shares authorized; 5,284,500 shares issued: 4,506,203 and 4,454,829 shares outstanding, respectively 53 53
Additional paid-in capital 30,900 31,257
Treasury stock, at cost, 778,297 and 829,671 shares, respectively (13,463) (14,207)
Retained earnings 23,355 22,522
Accumulated other comprehensive loss (1,093) (913)
Total stockholders' equity 39,752 38,712
Total liabilities and stockholders' equity $ 108,447 $ 102,285