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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 17,276 $ 12,453
Marketable securities 5,646 5,631
Accounts receivable, net of allowances of $132 and $109, respectively 4,644 4,445
Inventories, net 5,430 6,016
Prepaid expenses and other current assets 268 365
Total Current Assets 33,264 28,910
Property, plant and equipment:    
Land 536 536
Buildings and improvements 4,766 4,651
Machinery and equipment 17,742 17,527
Gross property, plant and equipment 23,044 22,714
Less: accumulated depreciation (20,220) (19,883)
Net property, plant, and equipment 2,824 2,831
Equity investment in unconsolidated subsidiary 3,134 3,334
Deferred income taxes, net 3,046 3,307
Intangible assets, net 366 402
Right-of-use lease asset 452 331
Other assets   102
Total Assets 43,086 39,217
Current Liabilities:    
Accounts payable 1,249 1,865
Accrued compensation and commissions 1,494 1,832
Other accrued expenses 957 627
Total Current Liabilities 3,700 4,324
Contingencies (Note P)
Stockholders’ Equity    
Common stock, $0.01 par value - 10,000,000 shares authorized; 5,339,904 shares issued and 5,213,320 shares outstanding at September 30, 2020, and 5,014,647 shares issued and 4,933,063 shares outstanding at December 31, 2019 53 50
Additional paid-in capital 44,999 41,576
Accumulated deficit (5,086) (6,153)
Treasury stock, 81,584 shares held in treasury at cost at September 30, 2020 and December 31, 2019 (580) (580)
Total Stockholders' Equity 39,386 34,893
Total Liabilities and Stockholders' Equity $ 43,086 $ 39,217