XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2021
Dec. 31, 2020
[1]
Current assets:    
Cash and cash equivalents $ 15,538,000 $ 23,292,000
Accounts receivable, net of allowance for doubtful accounts of $79,000 as of June 30, 2021 and $71,000 as of December 31, 2020 6,079,000 8,132,000
Accounts receivable, related party 997,000 905,000
Inventories, net 21,997,000 16,749,000
Prepaid expenses 8,360,000 6,225,000
Total current assets 52,971,000 55,303,000
Property and equipment, net 5,422,000 4,353,000
Goodwill 55,000 55,000
Definite-lived intangible assets, net 5,000 7,000
Right-of-use assets 3,094,000 3,535,000
Equity investment in unconsolidated affiliate 6,059,000 5,549,000
Total assets 67,606,000 68,802,000
Current liabilities:    
Accounts payable 642,000 1,983,000
Accrued liabilities 1,240,000 2,793,000
Customer advance payments of orders 103,000 209,000
Lease liabilities 876,000 867,000
Total current liabilities 2,861,000 5,852,000
Lease liabilities, net of current portion 2,272,000 2,719,000
Deferred income tax liabilities, net 211,000 211,000
Total liabilities 5,344,000 8,782,000
Commitments
Shareholders' equity:    
Common stock, $.01 par value: 50,000,000 shares authorized; 13,208,341 and 13,419,847 shares outstanding as of June 30, 2021 and December 31, 2020, respectively 132,000 135,000
Additional paid-in capital 0 409,000
Retained earnings 62,130,000 59,476,000
Total shareholders' equity 62,262,000 60,020,000
Total liabilities and shareholders' equity $ 67,606,000 $ 68,802,000
[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.