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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Operating Activities:    
Net income $ 4,465,000 $ 2,287,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 184,000 133,000
Noncash lease costs 232,000
Stock-based compensation 47,000 20,000
Penalties and waived penalties on dividends 6,000 47,000
Extinguishment of U.K. cumulative translation adjustment 64,000
Changes in operating assets and liabilities:    
Accounts receivable 401,000 (1,005,000)
Inventories 15,000
Prepaid expenses and other assets (61,000) (2,000)
Accounts payable and accrued expenses (496,000) 421,000
Deferred revenue (488,000) 598,000
Net cash provided by operating activities 4,290,000 2,578,000
Investing Activities:    
Purchases of property and equipment (260,000) (202,000)
Net cash used in investing activities (260,000) (202,000)
Financing Activities:    
Borrowings on loan from officer 150,000
Payments on loan from officer (1,815,000) (1,200,000)
Payments of dividends (714,000)
Principal payments on capital lease equipment (58,000) (66,000)
Proceeds from stock options exercised 239,000 168,000
Net cash used in financing activities (2,348,000) (948,000)
Net increase in cash and cash equivalents 1,682,000 1,428,000
Cash and cash equivalents at beginning of year 1,652,000 224,000
Cash and cash equivalents at end of year 3,334,000 1,652,000
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid on leased assets 4,000 3,000
Interest paid on loan from officer 513,000
Income taxes paid
SUPPLEMENTAL DISCLOSURE OF NON CASH FINANCING ACTIVITIES:    
Preferred stock dividends accrued 139,000 139,000
Purchase of equipment through capital lease $ 128,000