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Condensed Consolidated Statements of Cash Flows - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating activities    
Net (loss) income $ (1,701,000) $ 194,000
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Inventory allowance 700,000 194,000
Deferred tax expense 184,000 73,000
Depreciation and amortization 1,394,000 1,344,000
Share-based compensation expense -stock options 253,000 129,000
Share-based compensation expense-restricted stock units 306,000 142,000
Unrealized loss on investment in securities 219,000 620,000
(Gain) on sale of equipment (40,000) 0
Changes in operating assets and liabilities:    
Trade accounts receivable (1,763,000) (2,502,000)
Inventories (7,133,000) 3,932,000
Prepaid expenses and other current assets 244,000 (145,000)
Other assets 14,000 84,000
ROU Assets and Lease Liabilities (23,000) 250,000
Accounts payable 764,000 (191,000)
Accrued compensation and related taxes (536,000) 364,000
Accrued warranty expense (258,000) (457,000)
Deferred revenue 443,000 585,000
Accrued other expenses and other current liabilities 631,000 (172,000)
Net cash (used in) provided by operating activities (6,302,000) 4,444,000
Investing activities    
Proceeds from the sale of property, plant, and equipment 72 0
Purchases of property, plant and equipment 2,416,000 946,000
Net cash used in investing activities (2,344,000) (946,000)
Financing activities    
Dividends paid 1,172,000 1,002,000
Repurchase of common stock 0 269,000
Proceeds from issuance of common stock, net of costs 11,559,000 0
Proceeds from credit facility and notes payable 5,743,000 2,196,000
Repayment of credit facility and notes payable (3,730,000) (2,273,000)
Net cash provided by (used in) financing activities 12,400,000 (1,348,000)
Net change in cash and cash equivalents 3,754,000 2,150,000
Cash and cash equivalents, beginning of year 6,826,000 4,676,000
Cash and cash equivalents, end of year 10,580,000 6,826,000
Supplemental disclosure    
Interest paid $ 53,000 $ 22,000
Non-cash financing activity    
Common Stock issued under restricted stock units 298 128