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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash Flows From Operating Activities:    
Net loss $ (742) $ (1,339)
Adjustments to reconcile net loss to cash (used in) provided by operating activities:    
Gain on building sale (7,175)
Gain on equipment sale (20)
Depreciation 171 312
Amortization 216 209
Stock-based compensation expense 619 493
Issuance of stock from treasury 137 16
Issuance of stock for directors’ fees 87
Reversal of provision for inventory reserves (65)
Non cash pension expense 146 48
Deferred income taxes (104)
Amortization of loan fees 154 144
Recovery of bad debt expense (26)
Non cash interest expense 1 37
Amortization of right to use assets 722
Changes in operating assets and liabilities:    
Accounts receivable 175 (33)
Inventories (1,761) (312)
Prepaid and other current assets 31 (503)
Lease liability (570)
Other assets (999) 302
Income taxes payable (2) 6
Accounts payable, accrued expenses and accrued compensation 2,298 1,376
Net cash (used in) provided by operating activities (6,538) 587
Cash Flows From Investing Activities:    
Capital expenditures (263) (81)
Proceeds on building sale 9,765
Proceeds on sale of vehicles 25
Acquisition of licenses (53) (20)
Net cash provided by (used in) investing activities 9,474 (101)
Cash Flows From Financing Activities:    
Net borrowings on line of credit 2,705 116
Repayment of former line of credit (2,603)
Repayments of debt (3,032) (251)
Proceeds from exercise of stock options 7 40
Net cash used in financing activities (2,923) (95)
Net increase in cash 13 391
Cash, beginning of year 559 168
Cash, end of year 572 559
Supplemental Cash Flow Information:    
Cash paid for interest 122 369
Cash paid for income taxes
Non cash investing and financing activities:    
Capital expenditures financed by notes payable 5 15
Conversion of subordinated convertible debt to common stock 141 522
Cashless exercise of stock options 24
Right of uses assets obtained by lease obligations $ 3,917