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Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Total
Balance as of December 31, 2022 (in shares) at Dec. 31, 2021 13,115,341        
Balance as of December 31, 2022 at Dec. 31, 2021 $ 132,000 $ 0 $ 62,488,000 $ (869,000) $ 61,751,000
Net income     1,522,000 0 1,522,000
Common stock repurchased and retired (in shares) (170,000)        
Common stock repurchased and retired $ (2,000) (55,000) (699,000) 0 (756,000)
Stock-based compensation expense   55,000   0 55,000
Other comprehensive income (loss)- foreign currency translation gain (loss) $ 0 0 0 (153,000) (153,000)
Balance as of March 31, 2023 (in shares) at Mar. 31, 2022 12,945,341        
Balance as of March 31, 2023 at Mar. 31, 2022 $ 130,000 0 63,311,000 (1,022,000) $ 62,419,000
Balance as of December 31, 2022 (in shares) at Dec. 31, 2022 12,226,306       12,226,306
Balance as of December 31, 2022 at Dec. 31, 2022 $ 123,000 0 62,124,000 (1,489,000) $ 60,758,000 [1]
Net income     552,000 0 552,000
Common stock repurchased and retired (in shares) (200,000)        
Common stock repurchased and retired $ (2,000) (22,000) (809,000) 0 (833,000)
Stock-based compensation expense   22,000   0 $ 22,000
Options exercised (in shares) 109,250       109,250
Options exercised $ 1,000     0 $ 350,000
Other comprehensive income (loss)- foreign currency translation gain (loss) $ 0 0 0 137,000 $ 137,000
Balance as of March 31, 2023 (in shares) at Mar. 31, 2023 12,135,556       12,135,556
Balance as of March 31, 2023 at Mar. 31, 2023 $ 122,000 $ 0 $ 62,216,000 $ (1,352,000) $ 60,986,000
[1] The condensed consolidated balance sheet as of December 31, 2022, has been prepared using information from the audited consolidated balance sheet as of that date.