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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Cash flows related to operating activities:    
Net Income $ 1,317 $ 1,753
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 885 823
Loss on disposal of property 16  
Deferred income tax 82 27
Stock based compensation 213 479
Increase in inventory reserve 88 84
Increase (decrease) in allowance for doubtful accounts 77 (11)
Change in assets and liabilities:    
Accounts receivable (1,062) (590)
Inventories 414 (890)
Prepaid income taxes 182 7
Other current assets 138 (61)
Other non-current assets (9) (8)
Accounts payable (703) 545
Accrued employee compensation and benefit costs 575 93
Post retirement obligation 479 40
Accrued income taxes 414  
Other accrued liabilities 445 50
Employee stock ownership trust payment 101 100
Net cash provided by operating activities 3,652 2,441
Cash flows related to investing activities:    
Capital expenditures - property, plant and equipment (2,176) (991)
Proceeds from sale of assets 180  
Net cash used in investing activities (1,996) (991)
Cash flows related to financing activities:    
Proceeds from lease line of credit 668  
Principal payments on long-term debt (547) (548)
Principal payments on equipment financing obligations (14)  
Purchase of treasury shares (195) (275)
Cash dividend (376) (380)
Net cash used in financing activities (464) (1,203)
Net increase in cash and cash equivalents 1,192 247
Cash and cash equivalents at beginning of year 3,515 3,268
Cash and cash equivalents at end of period $ 4,707 $ 3,515