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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 17,636,000 $ 23,292,000 [1]
Accounts receivable, net of allowance for doubtful accounts of $64,000 as of September 30, 2021 and $71,000 as of December 31, 2020 3,991,000 8,132,000 [1]
Accounts receivable, related party 1,396,000 905,000 [1]
Inventories, net 23,190,000 16,749,000 [1]
Prepaid expenses 6,562,000 6,225,000 [1]
Total current assets 52,775,000 55,303,000 [1]
Property and equipment, net 6,136,000 4,353,000 [1]
Goodwill 55,000 55,000 [1]
Definite-lived intangible assets, net 4,000 7,000 [1]
Right-of-use assets 2,872,000 3,535,000 [1]
Equity investment in unconsolidated affiliate 6,172,000 5,549,000 [1]
Total assets 68,014,000 68,802,000 [1]
Current liabilities:    
Accounts payable 1,029,000 1,983,000 [1]
Accrued liabilities 1,120,000 2,793,000 [1]
Customer advance payments of orders 0 209,000 [1]
Lease liabilities 880,000 867,000 [1]
Total current liabilities 3,029,000 5,852,000 [1]
Lease liabilities, net of current portion 2,046,000 2,719,000 [1]
Deferred income tax liabilities, net 211,000 211,000 [1]
Total liabilities 5,286,000 8,782,000 [1]
Commitments
Shareholders' equity:    
Common stock, $.01 par value: 50,000,000 shares authorized; 13,162,341 and 13,419,847 shares outstanding as of September 30, 2021 and December 31, 2020, respectively 132,000 135,000 [1]
Additional paid-in capital 0 409,000 [1]
Retained earnings 62,596,000 59,476,000 [1]
Total shareholders' equity 62,728,000 60,020,000 [1]
Total liabilities and shareholders' equity $ 68,014,000 $ 68,802,000 [1]
[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.