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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows related to operating activities:    
Net income/(loss) $ 100,000 $ 2,447,000
Adjustments to reconcile net income to cash generated (used) by operating activities:    
Depreciation and amortization 1,442,000 1,268,000
(Loss)/Gain on disposal of property (1,000) 137,000
Stock based compensation 339,000 316,000
(Decrease)/Increase in allowance for doubtful accounts (149,000) 167,000
Increase/(Decrease) in inventory reserve 283,000 (106,000)
Decrease in warranty reserve (38,000) (8,000)
Deferred income taxes (30,000) 188,000
Change in assets and liabilities:    
Accounts receivable 5,696,000 (2,764,000)
Inventories (3,538,000) (4,895,000)
Prepaid income taxes (67,000) (102,000)
Other current assets 139,000 (26,000)
Other non-current assets   49,000
Accounts payable (2,859,000) 1,964,000
Accrued employee compensation and benefit costs (634,000) 375,000
Other accrued liabilities (126,000) 177,000
Post retirement obligation 168,000 92,000
Employee stock ownership trust payment 101,000 101,000
Net cash generated (used) by operating activities 826,000 (620,000)
Cash flows related to investing activities:    
Capital expenditures - property, plant and equipment (729,000) (2,271,000)
Net cash used by investing activities (729,000) (2,271,000)
Cash flows related to financing activities:    
Principal payments on long-term debt (547,000) (548,000)
Principal payments on equipment financing lease obligations (294,000) (285,000)
Proceeds from equipment note and equipment financing lease   721,000
Proceeds from the line of credit 750,000 3,000,000
Purchase of treasury shares (100,000) (157,000)
Proceeds from paycheck protection program 4,000,000  
Cash dividend   (409,000)
Net cash provided by financing activities 3,809,000 2,322,000
Net increase (decrease) in cash 3,906,000 (569,000)
Cash at beginning of year 2,029,000 2,598,000
Cash at end of year $ 5,935,000 2,029,000
Supplemental Cash Flow Information:    
Equipment acquired through financing paid directly to vendor   $ 333,000