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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (USD $)
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities:    
Net (loss) income $ (1,233,000) $ 29,000
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Share-based compensation expense 52,000 56,000
Depreciation and amortization 308,000 140,000
Loss on disposal of property and equipment 11,000 0
(Gain) loss on sale of marketable securities (3,000) 2,000
Bond (discount) premium amortization (2,000) 6,000
Changes in operating assets and liabilities:    
Accounts receivable 579,000 1,186,000
Inventories 615,000 568,000
Costs and estimated earnings in excess of billings on uncompleted contracts 0 (124,000)
Other current assets 46,000 78,000
Other assets (5,000) 29,000
Accounts payable 13,000 (200,000)
Accrued expenses (74,000) (53,000)
Income taxes payable (12,000) 21,000
Customer advances 160,000 (61,000)
Other liabilities 48,000 0
Liability associated with non-renewal of senior officer contract (20,000) (218,000)
Net cash provided by operating activities 483,000 1,459,000
Cash flows from investing activities:    
Purchases of property and equipment (68,000) (156,000)
Purchase of marketable securities (500,000) (151,000)
Sale of marketable securities 502,000 150,000
Net cash used in investing activities (66,000) (157,000)
Cash flows from financing activities:    
Purchase of treasury stock (92,000) (325,000)
Repayments of note payable - bank (215,000) (724,000)
Repayments of long-term debt 0 (16,000)
Net cash used in financing activities (307,000) (1,065,000)
NET INCREASE IN CASH AND CASH EQUIVALENTS 110,000 237,000
Cash and cash equivalents - Beginning of period 2,562,000 610,000
CASH AND CASH EQUIVALENTS - End of period 2,672,000 847,000
Supplemental cash flow information:    
Cash paid for interest 22,000 34,000
Cash paid for income taxes $ 41,000 $ 25,000