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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 14,087,000 $ 6,826,000
Trade accounts receivable, net 7,646,000 6,466,000
Inventories, net 15,981,000 10,545,000
Prepaid expenses and other current assets 1,941,000 1,878,000
Total current assets 39,655,000 25,715,000
Property, plant and equipment, net 4,454,000 3,566,000
Right-of-use (ROU) asset 2,497,000 2,887,000
Investment in securities 2,324,000 2,014,000
Deferred tax assets, net 4,116,000 4,300,000
Other assets 88,000 112,000
Total assets 53,134,000 38,594,000
Current liabilities:    
Accounts payable 7,520,000 5,119,000
Accrued compensation and related taxes 1,522,000 1,635,000
Accrued warranty expense 666,000 791,000
Accrued other expenses and other current liabilities 836,000 307,000
Dividends payable 336,000 250,000
Short-term lease liability 437,000 525,000
Credit facility 1,470,000 0
Notes payable-current portion 264,000 82,000
Deferred revenue 992,000 757,000
Total current liabilities 14,043,000 9,466,000
Notes payable, net of current portion 673,000 247,000
Long-term lease liability 2,385,000 2,702,000
Deferred revenue 2,789,000 2,551,000
Total liabilities 19,890,000 14,966,000
Stockholders' equity:    
Preferred stock; $1.00 par value; 1,000,000 authorized shares; none issued or outstanding 0 0
Common stock; $.60 par value; 20,000,000 authorized shares; 18,264,736 and 13,962,366 issued and 16,814,336 and 12,511,966 outstanding shares at September 30, 2021, and December 31, 2020, respectively 10,958,000 8,377,000
Additional paid-in capital 35,701,000 26,346,000
Accumulated deficit (8,013,000) (5,693,000)
Treasury stock, at cost, 1,450,400 shares at September 30, 2021, and December 31, 2020, respectively (5,402,000) (5,402,000)
Total stockholders' equity 33,244,000 23,628,000
Total liabilities and stockholders' equity $ 53,134,000 $ 38,594,000