v3.24.3

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 18,394,000	$ 20,378,000
Inventories, net	21,077,000	20,131,000
Prepaid expenses	5,668,000	6,010,000
Total current assets	51,410,000	53,064,000
Property and equipment, net	7,216,000	5,587,000
Goodwill	55,000	55,000
Right-of-use assets	8,939,000	4,810,000
Equity investment in unconsolidated affiliate	5,705,000	5,247,000
Total assets	73,325,000	68,763,000
Current liabilities:
Accounts payable	934,000	802,000
Accrued liabilities	901,000	1,103,000
Lease liabilities	871,000	661,000
Total current liabilities	2,706,000	2,566,000
Lease liabilities, net of current portion	8,113,000	4,187,000
Deferred income tax liabilities, net	442,000	442,000
Total liabilities	11,261,000	7,195,000
Commitments and contingincies
Shareholders' equity:
Common stock, $.01 par value: 50,000,000 shares authorized; 10,952,878 and 11,416,212 shares outstanding as of September 30, 2024 and December 31, 2023, respectively	110,000	114,000
Additional paid-in capital	16,442,000	16,339,000
Retained earnings	46,926,000	46,552,000
Accumulated other comprehensive loss	(1,414,000)	(1,437,000)
Total shareholders' equity	62,064,000	61,568,000
Total liabilities and shareholders' equity	73,325,000	68,763,000
Nonrelated Party [Member]
Current assets:
Accounts receivable, net	5,626,000	5,503,000
Related Party [Member]
Current assets:
Accounts receivable, net	$ 645,000	$ 1,042,000

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

ALPHA PRO TECH LTD 10-Q