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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2023
Dec. 31, 2022
[1]
Cash and cash equivalents $ 18,163,000 $ 16,290,000
Inventories 21,526,000 24,397,000
Prepaid expenses 4,558,000 4,902,000
Total current assets 52,687,000 52,562,000
Property and equipment, net 5,543,000 5,742,000
Goodwill 55,000 55,000
Definite-lived intangible assets, net 0 1,000
Right-of-use assets 1,210,000 1,725,000
Equity investment in unconsolidated affiliate 5,116,000 4,718,000
Total assets 64,611,000 64,803,000
Current liabilities:    
Accounts payable 320,000 674,000
Accrued liabilities 885,000 833,000
Lease liabilities 777,000 899,000
Total current liabilities 1,982,000 2,406,000
Lease liabilities, net of current portion 474,000 875,000
Deferred income tax liabilities, net 764,000 764,000
Total liabilities 3,220,000 4,045,000
Shareholders' equity:    
Common stock, $.01 par value: 50,000,000 shares authorized; 11,636,446 and 12,226,306 shares outstanding as of September 30, 2023 and December 31, 2022, respectively 117,000 123,000
Retained earnings 62,757,000 62,124,000
Accumulated other comprehensive loss (1,483,000) (1,489,000)
Total shareholders' equity 61,391,000 60,758,000
Total liabilities and shareholders' equity 64,611,000 64,803,000
Nonrelated Party [Member]    
Accounts receivable, net of allowance for doubtful accounts 7,448,000 5,382,000
Related Party [Member]    
Accounts receivable, net of allowance for doubtful accounts $ 992,000 $ 1,591,000
[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.