XML 20 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash Flows From Operating Activities:    
Net income $ 2,457,000 $ 2,323,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 244,000 115,000
Depreciation and amortization 426,000 425,000
Equity in income of unconsolidated affiliate (339,000) (433,000)
Gain on sale of property (385,000)
Changes in assets and liabilities:    
Accounts receivable, net (797,000) (1,953,000)
Accounts receivable, unconsolidated affiliate (276,000) (11,000)
Inventories 1,530,000 4,544,000
Prepaid expenses and other current assets 254,000 191,000
Accounts payable and accrued liabilities (440,000) 815,000
Net cash provided by operating activities 2,674,000 6,016,000
Cash Flows From Investing Activities:    
Purchase of property and equipment (923,000) (212,000)
Proceeds from sale of property 537,000
Purchase of marketable securities (41,000)
Net cash used in investing activities (386,000) (253,000)
Cash Flows From Financing Activities:    
Repurchase of common stock (2,901,000) (3,689,000)
Proceeds from exercise of stock options 125,000 17,000
Net cash used in financing activities (2,776,000) (3,672,000)
Increase (decrease) in cash (488,000) 2,091,000
Cash, beginning of the period 9,456,000 [1] 9,681,000
Cash, end of the period $ 8,968,000 $ 11,772,000
[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.