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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 29,016 $ 18,331
Marketable securities 16,167 5,791
Accounts receivable, net of allowances of $208 and $189, respectively 4,667 4,122
Inventories, net 5,492 5,280
Prepaid expenses and other current assets 494 257
Total Current Assets 55,836 33,781
Property, Plant and Equipment    
Land 536 536
Buildings and improvements 4,869 4,810
Machinery and equipment 18,815 17,775
Gross property, plant and equipment 24,220 23,121
Less: accumulated depreciation (20,837) (20,336)
Net property, plant and equipment 3,383 2,785
Right-of-use lease asset 396 422
Equity investment in unconsolidated subsidiary   3,072
Intangible assets, net 252 327
Deferred income tax asset 34 3,052
Other assets 5 16
Total Assets 59,906 43,455
Current Liabilities:    
Accounts payable 1,455 1,240
Accrued compensation and commissions expense 1,549 1,324
Income taxes payable 599 25
Other accrued expenses and liabilities 823 808
Total Current Liabilities 4,426 3,397
Deferred income tax liability 124  
Other liabilities 613 293
Total Liabilities 5,163 3,690
Contingencies (Note O)
Stockholders' Equity    
Common stock, $0.01 par value - 30,000,000 and 10,000,000 shares authorized as of December 31, 2021 and 2020, respectively; 5,446,840 shares issued and 5,308,973 shares outstanding at December 31, 2021, and 5,409,550 shares issued and 5,272,204 shares outstanding at December 31, 2020 53 53
Additional paid-in capital 45,817 45,477
Retained earnings (accumulated deficit) 9,453 (5,185)
Treasury stock, 81,584 shares held in treasury at cost at December 31, 2021 and 2020 (580) (580)
Total Stockholders' Equity 54,743 39,765
Total Liabilities and Stockholders' Equity $ 59,906 $ 43,455