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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2017
Dec. 31, 2016
[1]
Current assets:    
Cash $ 7,884,000 $ 9,456,000
Investments 500,000 607,000
Accounts receivable, net of allowance for doubtful accounts of $67,000 and $66,000 as of March 31, 2017 and December 31, 2016, respectively 5,514,000 4,648,000
Accounts receivable, unconsolidated affiliate 109,000 174,000
Inventories 10,679,000 10,994,000
Prepaid expenses and other current assets 2,956,000 3,346,000
Deferred income tax assets 438,000
Total current assets 27,642,000 29,663,000
Property and equipment, net 3,078,000 2,646,000
Goodwill 55,000 55,000
Definite-lived intangible assets, net 32,000 34,000
Equity investment in unconsolidated affiliate 3,643,000 3,538,000
Total assets 34,450,000 35,936,000
Current liabilities:    
Accounts payable 1,256,000 1,005,000
Accrued liabilities 786,000 1,460,000
Total current liabilities 2,042,000 2,465,000
Deferred income tax liabilities 340,000 807,000
Total liabilities 2,382,000 3,272,000
Commitments
Shareholders' equity:    
Common stock, $.01 par value: 50,000,000 shares authorized; 15,048,856 and 15,411,556 shares outstanding as of March 31, 2017 and December 31, 2016, respectively 150,000 154,000
Additional paid-in capital 8,059,000 9,990,000
Accumulated other comprehensive loss (281,000) (204,000)
Retained earnings 24,140,000 22,724,000
Total shareholders' equity 32,068,000 32,664,000
Total liabilities and shareholders' equity $ 34,450,000 $ 35,936,000
[1] The condensed consolidated balance sheet as of December 31, 2016 has been prepared using information from the audited consolidated balance sheet as of that date.