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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 22,291 $ 29,016
Marketable securities 17,070 16,167
Accounts receivable, net of allowances of $208 and $208, respectively 5,622 4,667
Inventories, net 7,584 5,492
Prepaid expenses and other current assets 217 494
Total Current Assets 52,784 55,836
Property, plant and equipment:    
Land 536 536
Buildings and improvements 4,877 4,869
Machinery and equipment 19,470 18,815
Gross property, plant and equipment 24,883 24,220
Less: accumulated depreciation (21,323) (20,837)
Net property, plant, and equipment 3,560 3,383
Right-of-use lease assets 290 396
Intangible assets, net 196 252
Deferred income tax assets 1,056 34
Other assets 18 5
Total Assets 57,904 59,906
Current Liabilities:    
Accounts payable 3,034 1,455
Accrued compensation and commissions 1,557 1,549
Income taxes payable 76 599
Other accrued expenses 465 823
Total Current Liabilities 5,132 4,426
Deferred income tax liability   124
Other liabilities 593 613
Total Liabilities 5,725 5,163
Contingencies (Note N)
Stockholders’ Equity    
Common stock, $0.01 par value - 30,000,000 shares authorized; 5,487,054 shares issued and 5,349,187 shares outstanding at September 30, 2022, and 5,446,840 shares issued and 5,308,973 shares outstanding at December 31, 2021 53 53
Additional paid-in capital 46,341 45,817
Retained earnings 6,365 9,453
Treasury stock, 81,584 shares held in treasury at cost at September 30, 2022 and December 31, 2021 (580) (580)
Total Stockholders' Equity 52,179 54,743
Total Liabilities and Stockholders' Equity $ 57,904 $ 59,906