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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating Activities:    
Net income $ 2,706,000 $ 820,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 86,000 65,000
Stock-based compensation 14,000 11,000
Penalties on dividends 6,000 22,000
Changes in operating assets and liabilities:    
Accounts receivable (738,000) (106,000)
Inventories 15,000
Prepaid expenses and other assets (234,000) (329,000)
Operating lease, right-of-use asset 304,000
Accounts payable and accrued expenses (66,000) 201,000
Deferred revenue 179,000 541,000
Net cash provided by operating activities 2,257,000 1,240,000
Investing Activities:    
Purchases of property and equipment (168,000) (75,000)
Financing Activities:    
Borrowings on loan from officer 150,000
Payments on loan from officer (1,815,000) (1,200,000)
Proceeds from stock options exercised 226,000 71,000
Payments of dividends (644,000)
Reduction of finance lease liability (31,000) (34,000)
Net cash used in financing activities (2,264,000) (1,013,000)
Net increase (decrease) in cash and cash equivalents (175,000) 152,000
Cash and cash equivalents at beginning of period 1,652,000 224,000
Cash and cash equivalents at end of period 1,477,000 376,000
SUPPLEMENTAL DISCLOSURE OF NON CASH OPERATING AND FINANCING ACTIVITIES:    
Preferred stock dividends accrued 68,000 69,000
Purchase of leased equipment per right-of-use finance lease 89,000
Initial recognition of operating lease, right-of-use asset $ 1,771,000