Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 14,883 $ 5,530
Accounts receivable, net of allowances of $785 and $862, respectively 81,351 78,177
Inventory, net 1,473 2,794
Vendor prepayments 3,172 6,837
Prepaid expenses and other current assets 1,988 1,718
Total current assets 102,867 95,056
Equipment and leasehold improvements, net 1,588 1,828
Accounts receivable-long-term, net 3,156 7,437
Other assets 215 231
Deferred income taxes 145 138
Total assets 107,971 104,690
Current liabilities:    
Accounts payable and accrued expenses 66,653 65,197
Total current liabilities 66,653 65,197
Deferred rent and tenant allowances 745 781
Total liabilities 67,398 65,978
Commitments and contingencies
Stockholders’ equity:    
Common stock, $.01 par value; 10,000,000 shares authorized; 5,284,500 shares issued: 4,496,494 and 4,454,829 shares outstanding, respectively 53 53
Additional paid-in capital 32,392 31,257
Treasury stock, at cost, 788,006 and 829,671 shares, respectively (13,447) (14,207)
Retained earnings 22,994 22,522
Accumulated other comprehensive loss (1,419) (913)
Total stockholders' equity 40,573 38,712
Total liabilities and stockholders' equity $ 107,971 $ 104,690