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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
OPERATING ACTIVITIES    
Net income (loss) $ 157 $ (3,088)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation 1 486
Amortization of finite-lived intangible assets 15 56
Stock-based compensation 0 383
Realized loss (gain) on sale of marketable securities 4,316 (112)
Unrealized (gain) loss on marketable securities (4,700) 4,561
Deferred income taxes 48 (1,146)
Changes in operating assets and liabilities:    
Decrease (increase) in accounts receivable, net 270 (955)
Decrease (increase) in inventories, net 74 (2,092)
Decrease in prepaid expenses and other assets 212 284
Increase in accounts payable, accrued compensation, income taxes and commissions and other 61 792
Net cash provided by (used in) operating activities 454 (831)
INVESTING ACTIVITIES    
Capital expenditures 0 (663)
Cash from consolidation of LGL Systems 1,869 0
Proceeds from sale of marketable securities 16,947 1,661
Purchase of marketable securities 0 (7,013)
Net cash provided by (used in) investing activities 18,816 (6,015)
FINANCING ACTIVITIES    
Payment for taxes related to net share settlement of equity awards 0 (50)
Exercise of stock options 0 191
Prepaid financing costs 0 (20)
Net cash provided by financing activities 0 121
Increase (decrease) in cash and cash equivalents 19,270 (6,725)
Cash and cash equivalents at beginning of period 21,507 29,016
Cash and cash equivalents at end of period 40,777 22,291
Supplemental Disclosure:    
Income taxes paid $ 207 $ 741