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Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 10,580,000 $ 6,826,000
Trade accounts receivable, net 8,229,000 6,466,000
Inventories, net 16,978,000 10,545,000
Prepaid expenses and other current assets 1,634,000 1,878,000
Total current assets 37,421,000 25,715,000
Property, plant and equipment, net 4,556,000 3,566,000
Right-of-use (ROU) asset 2,399,000 2,887,000
ASSETS    
Investment in securities 1,795,000 2,014,000
Deferred tax assets, net 4,116,000 4,300,000
Other assets 98,000 112,000
Total assets 50,385,000 38,594,000
Current liabilities:    
Accounts payable 5,883,000 5,119,000
Accrued warranty expense 533,000 791,000
Accrued compensation and related taxes 1,099,000 1,635,000
Accrued other expenses and other current liabilities 938,000 307,000
Dividends payable 505,000 250,000
Short-term lease liability 447,000 525,000
Credit facility 1,470,000 0
Notes payable-current portion 267,000 82,000
Deferred revenue 1,045,000 757,000
Total current liabilities 12,187,000 9,466,000
Notes payable, net of current portion 605,000 247,000
Long-term lease liability 2,269,000 2,702,000
Deferred revenue 2,706,000 2,551,000
Total liabilities 17,767,000 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; 50,000,000 authorized shares; 18,298,999 and 13,962,366 issued and 16,848,599 and 12,511,966 outstanding shares at December 31, 2021, and 2020, respectively 10,979,000 8,377,000
Additional paid-in capital 35,862,000 26,346,000
Accumulated deficit (8,821,000) (5,693,000)
Treasury stock, at cost, 1,450,400 shares at December 31, 2021 and 2020 (5,402,000) (5,402,000)
Total stockholders' equity 32,618,000 23,628,000
Total liabilities and stockholders' equity $ 50,385,000 $ 38,594,000