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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows related to operating activities:    
Net Income $ 4,055,000 $ 100,000
Adjustments to reconcile net income to cash provided by operating activities:    
Paycheck Protection loan forgiveness (4,000,000)  
Depreciation and amortization 1,368,000 1,442,000
Loss/(Gain) on disposal of property 98,000 (1,000)
Stock based compensation 106,000 339,000
(Decrease) in allowance for doubtful accounts (57,000) (149,000)
Increase in inventory reserve 22,000 283,000
Increase/(Decrease) in warranty reserve 129,000 (38,000)
Deferred income taxes (84,000) (30,000)
Change in assets and liabilities:    
Accounts receivable 495,000 5,696,000
Inventories 3,252,000 (3,538,000)
Prepaid income taxes (309,000) (67,000)
Other current assets (264,000) 139,000
Accounts payable (948,000) (2,859,000)
Accrued employee compensation and benefit costs 110,000 (634,000)
Other accrued liabilities 412,000 (126,000)
Post retirement obligation 105,000 168,000
Employee stock ownership trust payment 101,000 101,000
Net cash provided by operating activities 4,591,000 826,000
Cash flows related to investing activities:    
Capital expenditures - property, plant and equipment (267,000) (729,000)
Proceeds from sale of assets 270,000  
Net cash provided (used) by investing activities 3,000 (729,000)
Cash flows related to financing activities:    
Principal payments on long-term debt (1,334,000) (547,000)
Principal payments on equipment financing lease obligations (452,000) (294,000)
Proceeds from equipment note and equipment financing lease 384,000  
Proceeds from line of credit 500,000 750,000
Purchase of treasury shares (81,000) (100,000)
Proceeds from paycheck protection program   4,000,000
Net cash (used) provided by financing activities (983,000) 3,809,000
Net increase in cash 3,611,000 3,906,000
Cash at beginning of year 5,935,000 2,029,000
Cash at end of year $ 9,546,000 $ 5,935,000