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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2019
Dec. 31, 2018
[1]
Current assets:    
Cash $ 4,488,000 $ 7,007,000
Investments 417,000 258,000
Accounts receivable, net of allowance for doubtful accounts of $64,000 and $64,000 as of March 31, 2019 and December 31, 2018 7,202,000 4,935,000
Accounts receivable, related party 837,000 383,000
Inventories 10,407,000 9,878,000
Right-of-use assets 668,000
Prepaid expenses 2,697,000 3,999,000
Total current assets 26,716,000 26,460,000
Property and equipment, net 3,271,000 3,244,000
Goodwill 55,000 55,000
Definite-lived intangible assets, net 15,000 16,000
Right-of-use assets, net of current portion 2,583,000
Equity investment in unconsolidated affiliate 4,757,000 4,480,000
Total assets 37,397,000 34,255,000
Current liabilities:    
Accounts payable 743,000 578,000
Accrued liabilities 632,000 1,342,000
Lease liabilities 663,000
Total current liabilities 2,038,000 1,920,000
Lease liabilities, net of current portion 2,632,000
Deferred income tax liabilities, net 141,000 141,000
Total liabilities 4,811,000 2,061,000
Commitments
Shareholders' equity:    
Common stock, $.01 par value: 50,000,000 shares authorized; 13,281,018 and 13,502,684 shares outstanding as of March 31, 2019 and December 31, 2018, respectively 133,000 135,000
Additional paid-in capital 1,845,000 2,669,000
Retained earnings 30,608,000 29,390,000
Total shareholders' equity 32,586,000 32,194,000
Total liabilities and shareholders' equity $ 37,397,000 $ 34,255,000
[1] The condensed consolidated balance sheet as of December 31, 2018 has been prepared using information from the audited consolidated balance sheet as of that date.