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Condensed Consolidated Statement of Shareholders' Equity (Unaudited) - 3 months ended Mar. 31, 2019 - USD ($)
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
Balance (in shares) at Dec. 31, 2018 13,502,684     13,502,684 [1]
Balance at Dec. 31, 2018 $ 135,000 $ 2,669,000 $ 29,390,000 $ 32,194,000 [2]
Common stock repurchased and retired (in shares) (255,000)      
Common stock repurchased and retired $ (2,000) (1,006,000) (1,008,000)
Stock-based compensation expense 122,000 $ 122,000
Options exercised (in shares) 33,334     33,334
Options exercised 60,000 $ 60,000
Net income 1,218,000 $ 1,218,000
Balance (in shares) at Mar. 31, 2019 13,281,018     13,281,018
Balance at Mar. 31, 2019 $ 133,000 $ 1,845,000 $ 30,608,000 $ 32,586,000
[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.
[2] 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.