XML 33 R7.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash Flows From Operating Activities:    
Net income $ 741,000 $ 2,130,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 18,000 25,000
Depreciation and amortization 527,000 562,000
Equity in income of unconsolidated affiliate $ (50,000) (216,000)
Gain on investment in common stock warrants (30,000)
Gain on sale of marketable securities (379,000)
Deferred income taxes 196,000
Changes in assets and liabilities:    
Accounts receivable, net $ 208,000 $ (1,077,000)
Accounts receivable, related party 249,000
Inventories (1,317,000) $ 469,000
Prepaid expenses and other current assets 1,761,000 (1,147,000)
Accounts payable and accrued liabilities (80,000) 440,000
Net cash provided by operating activities 2,057,000 973,000
Cash Flows From Investing Activities:    
Purchase of property and equipment (189,000) (892,000)
Purchase of marketable securities (36,000) (134,000)
Proceeds from sale of marketable securities 0 440,000
Net cash used in investing activities (225,000) (586,000)
Cash Flows From Financing Activities:    
Repurchase of common stock $ (1,518,000) (2,034,000)
Excess tax benefit (expense) on stock options exercised 35,000
Proceeds from exercise of stock options $ 765,000 450,000
Net cash used in financing activities (753,000) (1,549,000)
Increase(decrease) in cash 1,079,000 (1,162,000)
Cash, beginning of the period 5,495,000 [1] 8,215,000
Cash, end of the period $ 6,574,000 $ 7,053,000
[1] The condensed consolidated balance sheet as of December 31, 2014 has been prepared using information from the audited consolidated balance sheet as of that date.