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Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
Balance (in shares) at Dec. 31, 2019 12,885,273      
Balance at Dec. 31, 2019 $ 129,000 $ 708,000 $ 32,390,000 $ 33,227,000
Net income 5,342,000 5,342,000
Common stock repurchased and retired (in shares) (35,100)      
Common stock repurchased and retired (125,000) (125,000)
Stock-based compensation expense 91,000 91,000
Options exercised (in shares) 712,839      
Options exercised $ 7,000 1,834,000 1,841,000
Balance (in shares) at Mar. 31, 2020 13,563,012      
Balance at Mar. 31, 2020 $ 136,000 2,508,000 37,732,000 $ 40,376,000
Balance (in shares) at Dec. 31, 2020 13,419,847     13,419,847 [1]
Balance at Dec. 31, 2020 $ 135,000 409,000 59,476,000 $ 60,020,000 [2]
Net income 3,719,000 3,719,000
Common stock repurchased and retired (in shares) (186,000)      
Common stock repurchased and retired $ (2,000) (817,000) (1,547,000) (2,366,000)
Stock-based compensation expense 101,000 $ 101,000
Options exercised (in shares) 89,494     89,494
Options exercised $ 1,000 307,000 $ 308,000
Balance (in shares) at Mar. 31, 2021 13,323,341     13,323,341
Balance at Mar. 31, 2021 $ 134,000 $ 61,648,000 $ 61,782,000
[1] The condensed consolidated balance sheet as of December 31, 2020 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, 2020 has been prepared using information from the audited consolidated balance sheet as of that date.