XML 68 R6.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash Flows From Operating Activities:    
Net income $ 3,000,000 $ 3,625,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Share-based compensation 451,000 432,000
Depreciation and amortization 602,000 525,000
Gain (loss) on marketable securities (231,000) 50,000
Equity in income of unconsolidated affiliate (359,000) (587,000)
Operating lease expense, net of accretion 704,000
Deferred income taxes 83,000 159,000
Changes in assets and liabilities:    
Accounts receivable, net 1,367,000 (338,000)
Accounts receivable, related party (341,000) (22,000)
Inventories (1,425,000) 371,000
Prepaid expenses 412,000 (1,334,000)
Accounts payable and accrued liabilities (500,000) (881,000)
Lease liabilities (662,000)
Net cash provided by operating activities 3,101,000 2,000,000
Cash Flows From Investing Activities:    
Purchase of property and equipment (1,296,000) (606,000)
Proceeds from sales of marketable securities 154,000 36,000
Net cash used in investing activities (1,142,000) (570,000)
Cash Flows From Financing Activities:    
Proceeds from exercise of stock options 130,000 394,000
Repurchase of common stock (2,548,000) (3,580,000)
Net cash used in financing activities (2,418,000) (3,186,000)
Decrease in cash (459,000) (1,756,000)
Cash and cash equivalents, beginning of the year 7,007,000 8,763,000
Cash and cash equivalents, end of the year 6,548,000 7,007,000
Supplemental disclosure of cash flow information:    
Cash paid for income taxes $ 633,000 $ 908,000