XML 16 R5.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities    
Net loss $ (1,398,000) $ (970,000)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Inventories allowances 572,000 142,000
Deferred tax expense 184,000 101,000
Depreciation and amortization 1,033,000 1,005,000
Share-based compensation expense-stock options 215,000 94,000
Share-based compensation expense-restricted stock units 162,000 112,000
(Gain) loss on investment in securities (310,000) 797,000
Changes in operating assets and liabilities:    
Trade accounts receivable (1,180,000) (1,814,000)
Inventories (6,008,000) 5,098,000
Prepaid expenses and other current assets (63,000) 278,000
Other assets 24,000 75,000
ROU asset and lease liability (15,000) 222,000
Accounts payable 2,401,000 (2,182,000)
Accrued compensation and related taxes (113,000) 157,000
Accrued warranty expense (125,000) (337,000)
Deferred revenue 473,000 566,000
Accrued other expenses and other current liabilities 529,000 181,000
Net cash (used in) provided by operating activities (3,619,000) 3,525,000
Investing activities    
Purchases of property, plant, and equipment (1,921,000) (742,000)
Net cash used in investing activities (1,921,000) (742,000)
Financing activities    
Proceeds from common stock issuance, net of costs 11,559,000 0
Cash dividends paid (836,000) (752,000)
Repurchase of common stock 0 (269,000)
Proceeds from the credit facility and notes payable 3,543,000 2,196,000
Repayment of the credit facility and notes payable (1,465,000) (2,253,000)
Net cash provided by (used in) financing activities 12,801,000 (1,078,000)
Net change in cash and cash equivalents 7,261,000 1,705,000
Cash and cash equivalents, beginning of period 6,826,000 4,676,000
Cash and cash equivalents, end of period 14,087,000 6,381,000
Supplemental disclosure    
Cash paid for interest 37,000 18,000
Non-cash financing activity    
Common stock issued under restricted stock units $ 184,000 $ 128,000