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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 18,678 $ 18,331
Marketable securities 5,918 5,791
Accounts receivable, net of allowances of $191 and $189, respectively 3,913 4,122
Inventories, net 5,339 5,280
Prepaid expenses and other current assets 365 257
Total Current Assets 34,213 33,781
Property, plant and equipment:    
Land 536 536
Buildings and improvements 4,822 4,810
Machinery and equipment 17,818 17,775
Gross property, plant and equipment 23,176 23,121
Less: accumulated depreciation (20,451) (20,336)
Net property, plant, and equipment 2,725 2,785
Right-of-use lease assets 396 422
Equity investment in unconsolidated subsidiary 5,721 3,072
Intangible assets, net 308 327
Deferred income taxes, net 3,023 3,052
Other assets 64 16
Total Assets 46,450 43,455
Current Liabilities:    
Subscription agreement payable (Note C) 2,725  
Accounts payable 1,517 1,265
Accrued compensation and commissions 1,491 1,324
Other accrued expenses 575 808
Total Current Liabilities 6,308 3,397
Long-term lease liabilities 272 293
Total Liabilities 6,580 3,690
Contingencies (Note N)
Stockholders’ Equity    
Common stock, $0.01 par value - 10,000,000 shares authorized; 5,383,300 shares issued and 5,272,204 shares outstanding at March 31, 2021, and 5,409,550 shares issued and 5,272,204 shares outstanding at December 31, 2020 53 53
Additional paid-in capital 45,555 45,477
Accumulated deficit (5,158) (5,185)
Treasury stock, 81,584 shares held in treasury at cost at March 31, 2021 and December 31, 2020 (580) (580)
Total Stockholders' Equity 39,870 39,765
Total Liabilities and Stockholders' Equity $ 46,450 $ 43,455