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Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 23,292,000 $ 6,548,000
Investment 0 335,000
Accounts receivable, net of allowance for doubtful accounts of $71,000 as of December 31, 2020 and $53,000 as of December 31, 2019 8,132,000 3,568,000
Accounts receivable, related party 905,000 724,000
Inventories 16,749,000 11,303,000
Prepaid expenses 6,225,000 3,587,000
Total current assets 55,303,000 26,065,000
Property and equipment, net 4,353,000 3,943,000
Goodwill 55,000 55,000
Definite-lived intangible assets, net 7,000 11,000
Right-of-use assets 3,535,000 3,178,000
Equity investment in unconsolidated affiliate 5,549,000 4,839,000
Total assets 68,802,000 38,091,000
Current liabilities:    
Accounts payable 1,983,000 501,000
Accrued liabilities 2,793,000 920,000
Customer advance payments of orders 209,000
Lease liabilities 867,000 882,000
Total current liabilities 5,852,000 2,303,000
Lease liabilities, net of current portion 2,719,000 2,337,000
Deferred income tax liabilities, net 211,000 224,000
Total liabilities 8,782,000 4,864,000
Commitments
Shareholders' equity:    
Common stock, $.01 par value: 50,000,000 shares authorized; 13,419,847 and 12,885,273 shares outstanding as of December 31, 2020 and December 31, 2019, respectively 135,000 129,000
Additional paid-in capital 409,000 708,000
Retained earnings 59,476,000 32,390,000
Total shareholders' equity 60,020,000 33,227,000
Total liabilities and shareholders' equity $ 68,802,000 $ 38,091,000