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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 1,989,000 $ 2,778,000
Marketable securities 3,793,000 2,770,000
Accounts receivable, net of allowances of $29 and $31, respectively 3,186,000 3,504,000
Inventories, net 4,050,000 3,638,000
Prepaid expenses and other current assets 294,000 200,000
Total Current Assets 13,312,000 12,890,000
Property, Plant and Equipment:    
Land 633,000 633,000
Buildings and improvements 3,966,000 3,966,000
Machinery and equipment 16,854,000 16,849,000
Gross property, plant and equipment 21,453,000 21,448,000
Less: accumulated depreciation (18,904,000) (18,737,000)
Net property, plant, and equipment 2,549,000 2,711,000
Intangible assets, net 609,000 628,000
Deferred income taxes, net 221,000 214,000
Other assets, net 204,000 203,000
Total Assets 16,895,000 16,646,000
Current Liabilities:    
Accounts payable 1,511,000 1,525,000
Accrued compensation and commissions expense 1,002,000 942,000
Other accrued expenses 352,000 288,000
Total Current Liabilities 2,865,000 2,755,000
Commitments and Contingencies (Note L)
Stockholders’ Equity    
Common stock, $0.01 par value - 10,000,000 shares authorized; 2,757,050 shares issued and 2,675,466 shares outstanding at March 31, 2017 and December 31, 2016 27,000 27,000
Additional paid-in capital 29,180,000 29,173,000
Accumulated deficit (14,615,000) (14,726,000)
Treasury stock, 81,584 shares held in treasury at cost at March 31, 2017 and December 31, 2016 (580,000) (580,000)
Accumulated other comprehensive income (loss) 18,000 (3,000)
Total Stockholders' Equity 14,030,000 13,891,000
Total Liabilities and Stockholders' Equity $ 16,895,000 $ 16,646,000