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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Operating activities    
Net loss $ (11,633,000) $ (1,701,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Allowance for doubtful accounts 170,000 0
Inventory allowance 81,000 700,000
Deferred tax expense 0 184,000
Depreciation and amortization 1,423,000 1,394,000
Share-based compensation expense -stock options 271,000 253,000
Share-based compensation expense-restricted stock units 404,000 306,000
Unrealized loss on investment 313,000 219,000
(Gain) on sale of equipment (1,000) (40,000)
Changes in operating assets and liabilities:    
Trade accounts receivable (2,557,000) (1,763,000)
Inventories (5,208,000) (7,133,000)
Prepaid expenses and other current assets 56,000 244,000
Other assets (45,000) 14,000
ROU Assets and Lease Liabilities (38,000) (23,000)
Accounts payable 7,015,000 764,000
Accrued compensation and related taxes 44,000 (536,000)
Accrued warranty expense 58,000 (258,000)
Deferred revenue 884,000 443,000
Accrued other expenses and other current liabilities (237,000) 631,000
Net cash used in operating activities (9,000,000) (6,302,000)
Investing activities    
Proceed from the sale of property, plant, and equipment 0 72,000
Purchases of property, plant and equipment (1,750,000) (2,416,000)
Net cash used in investing activities (1,750,000) (2,344,000)
Financing activities    
Proceeds from issuance of common stock, net of costs 0 11,559
Dividends paid (2,029,000) (1,172,000)
Proceeds from credit facility and notes payable 9,722,000 5,743,000
Repayment of credit facility and notes payable (5,605,000) (3,730,000)
Net cash provided by financing activities 2,088,000 12,400,000
Net change in cash and cash equivalents (8,662,000) 3,754,000
Cash and cash equivalents, beginning of year 10,580,000 6,826,000
Cash and cash equivalents, end of year 1,918,000 10,580,000
Supplemental disclosure    
Interest paid 190,000 53,000
Non-cash financing activity    
Common Stock issued under restricted stock units $ 364,000 $ 298,000