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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 (in shares) at Dec. 31, 2022 12,226,306        
Balance at Dec. 31, 2022 $ 123,000 $ 17,099,000 $ 45,025,000 $ (1,489,000) $ 60,758,000
Net income     552,000 0 $ 552,000
Common stock repurchased and retired (in shares) (200,000)       (200,000)
Common stock repurchased and retired $ (2,000) (280,000) (551,000) 0 $ (833,000)
Common stock repurchased and retired   (22,000)   0 (22,000)
Stock-based compensation expense   22,000   0 22,000
Options exercised (in shares) 109,250        
Options exercised   349,000   0 350,000
Total comprehensive income $ 0 0 0 137,000 137,000
Balance (in shares) at Mar. 31, 2023 12,135,556        
Balance at Mar. 31, 2023 $ 122,000 17,190,000 45,026,000 (1,352,000) $ 60,986,000
Balance (in shares) at Dec. 31, 2023 11,416,212       11,416,212
Balance at Dec. 31, 2023 $ 114,000 16,339,000 46,552,000 (1,437,000) $ 61,568,000 [1]
Net income     576,000 0 $ 576,000
Common stock repurchased and retired (in shares) (270,000)       (270,000)
Common stock repurchased and retired $ (2,000) (386,000) (1,029,000)   $ (1,417,000)
Common stock repurchased and retired   (109,000) 0 0 (109,000)
Treasury stock excise tax   (14,000)     (14,000)
Stock-based compensation expense   109,000 0 (0) $ 109,000
Options exercised (in shares) 226,666       226,666
Options exercised   813,000   0 $ 815,000
Total comprehensive income $ 0 0 0 6,000 $ 6,000
Balance (in shares) at Mar. 31, 2024 11,372,878       11,372,878
Balance at Mar. 31, 2024 $ 114,000 $ 16,861,000 $ 46,099,000 $ (1,431,000) $ 61,643,000
[1] The condensed consolidated balance sheet as of December 31, 2023, has been prepared using information from the audited consolidated balance sheet as of that date.