v3.10.0.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2018
Apr. 01, 2018
Current assets:    
Cash and cash equivalents $ 154,000 $ 215,000
Accounts receivable (net of allowances of $672 at September 30, 2018 and $565 at April 1, 2018):    
Due from factor 14,820,000 15,447,000
Other 1,838,000 3,051,000
Inventories 19,780,000 19,788,000
Prepaid expenses 1,263,000 1,253,000
Total current assets 37,855,000 39,754,000
Property, plant and equipment - at cost:    
Vehicles 257,000 268,000
Leasehold improvements 277,000 272,000
Machinery and equipment 4,380,000 4,010,000
Furniture and fixtures 799,000 799,000
Property, plant and equipment - gross 5,713,000 5,349,000
Less accumulated depreciation 3,806,000 3,571,000
Property, plant and equipment - net 1,907,000 1,778,000
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 7,342,000 6,928,000
Finite-lived intangible assets - net 6,858,000 7,272,000
Goodwill, Ending Balance 7,125,000 7,125,000
Deferred income taxes 427,000 532,000
Other 119,000 120,000
Total Assets 54,291,000 56,581,000
Current liabilities:    
Accounts payable 6,314,000 3,766,000
Accrued wages and benefits 955,000 842,000
Accrued royalties 364,000 793,000
Dividends payable 808,000 807,000
Income taxes payable 15,000 40,000
Other accrued liabilities 456,000 540,000
Total current liabilities 8,912,000 6,788,000
Non-current liabilities:    
Long-term debt 4,378,000 9,458,000
Reserve for unrecognized tax liabilities 1,122,000 1,017,000
Total non-current liabilities 5,500,000 10,475,000
Shareholders' equity:    
Common stock - $0.01 par value per share; Authorized 40,000,000 shares at September 30, 2018 and April 1, 2018; Issued 12,521,789 shares at September 30, 2018 and 12,493,789 shares at April 1, 2018 125,000 125,000
Additional paid-in capital 53,071,000 52,874,000
Treasury stock - at cost - 2,424,231 shares at September 30, 2018 and 2,408,025 shares at April 1, 2018 (12,326,000) (12,231,000)
Accumulated Deficit (991,000) (1,450,000)
Total shareholders' equity 39,879,000 39,318,000
Total Liabilities and Shareholders' Equity $ 54,291,000 $ 56,581,000

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