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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)
Jun. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 2,672,000 $ 2,562,000
Investments in marketable securities 252,000 243,000
Accounts receivable (less allowance for doubtful accounts of $145,000) 2,402,000 2,981,000
Inventories 11,188,000 11,803,000
Other current assets 218,000 264,000
Total current assets 16,732,000 17,853,000
Property and equipment, net 724,000 975,000
Goodwill 868,000 868,000
Other assets 40,000 35,000
TOTAL ASSETS 18,364,000 19,731,000
Current liabilities:    
Line of Credit 0 2,100,000
Accounts payable 523,000 510,000
Liability associated with non-renewal of senior officer contract 20,000 36,000
Income taxes payable 13,000 25,000
Accrued expenses 1,075,000 1,149,000
Customer advances 177,000 17,000
Total current liabilities 1,808,000 3,837,000
Line of Credit 1,885,000 0
Other liabilities 48,000 0
Liability associated with non-renewal of senior officer contract, net of current portion 0 4,000
Total liabilities 3,741,000 3,841,000
STOCKHOLDERS' EQUITY    
Common stock - $.10 par value, 10,000,000 shares authorized, 5,223,000 and 5,232,000 shares issued at June 30, 2014 and December 31, 2013, respectively, and 4,485,000 and 4,521,000 shares outstanding at June 30, 2014 and December 31, 2013, respectively 522,000 523,000
Additional paid-in capital 22,877,000 22,824,000
Treasury stock, at cost, 738,000 and 711,000 shares at June 30, 2014 and December 31, 2013, respectively (2,225,000) (2,133,000)
Accumulated other comprehensive (loss), net of tax 1,000 (5,000)
Accumulated deficit (6,552,000) (5,319,000)
Total stockholders' equity 14,623,000 15,890,000
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 18,364,000 $ 19,731,000