v3.19.3
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 29, 2019
Mar. 31, 2019
Current assets:    
Cash and cash equivalents $ 200,000 $ 143,000
Accounts receivable (net of allowances of $589 at September 29, 2019 and $407 at March 31, 2019):    
Due from factor 12,734,000 17,250,000
Other 1,480,000 522,000
Inventories 21,941,000 19,534,000
Prepaid expenses 994,000 1,230,000
Total current assets 37,349,000 38,679,000
Operating lease right of use assets 1,276,000
Property, plant and equipment - at cost:    
Vehicles 262,000 323,000
Leasehold improvements 282,000 282,000
Machinery and equipment 4,539,000 4,269,000
Furniture and fixtures 799,000 799,000
Property, plant and equipment - gross 5,882,000 5,673,000
Less accumulated depreciation 4,032,000 3,751,000
Property, plant and equipment - net 1,850,000 1,922,000
Finite-lived intangible assets - at cost:    
Tradename and trademarks 3,667,000 3,667,000
Customer relationships 7,374,000 7,374,000
Other finite-lived intangible assets 3,159,000 3,159,000
Finite-lived intangible assets gross 14,200,000 14,200,000
Less accumulated amortization 8,195,000 7,768,000
Finite-lived intangible assets - net 6,005,000 6,432,000
Goodwill 7,125,000 7,125,000
Deferred income taxes 351,000 524,000
Other 95,000 97,000
Total Assets 54,051,000 54,779,000
Current liabilities:    
Accounts payable 6,416,000 4,201,000
Accrued wages and benefits 1,053,000 1,819,000
Accrued royalties 519,000 398,000
Dividends payable 813,000 810,000
Operating lease liabilities, current 682,000
Other accrued liabilities 196,000 483,000
Total current liabilities 9,679,000 7,711,000
Non-current liabilities:    
Long-term debt 4,486,000
Operating lease liabilities, noncurrent 655,000
Reserve for unrecognized tax liabilities 970,000 1,194,000
Total non-current liabilities 1,625,000 5,680,000
Shareholders' equity:    
Common stock - $0.01 par value per share; Authorized 40,000,000 shares at September 29, 2019 and March 31, 2019; Issued 12,593,301 shares at September 29, 2019 and 12,546,789 shares at March 31, 2019 126,000 125,000
Additional paid-in capital 53,391,000 53,251,000
Treasury stock - at cost - 2,427,434 shares at September 29, 2019 and 2,424,231 shares at March 31, 2019 (12,343,000) (12,326,000)
Retained Earnings 1,573,000 338,000
Total shareholders' equity 42,747,000 41,388,000
Total Liabilities and Shareholders' Equity $ 54,051,000 $ 54,779,000

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