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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows related to operating activities:    
Net Income $ 325,000 $ 541,000
Adjustments to reconcile net income to net cash (used) provided by operating activities:    
Depreciation and amortization 313,000 356,000
Stock based compensation 25,000 31,000
Increase in inventory reserve 168,000 58,000
Increase in allowance for doubtful accounts 65,000 36,000
Gain on sale of equipment (26,000)  
Change in assets and liabilities:    
Accounts receivable (2,171,000) (98,000)
Other receivables-ERC   (1,593,000)
Inventories (222,000) 1,091,000
Prepaid income taxes 199,000 140,000
Other current assets (783,000) (420,000)
Accounts payable 1,669,000 146,000
Accrued employee compensation and benefit costs (72,000) 499,000
Other accrued liabilities (68,000) 25,000
Post retirement obligation 34,000 24,000
Net cash (used) provided by operating activities (544,000) 836,000
Cash flows related to investing activities:    
Capital expenditures - property, plant and equipment (115,000) (14,000)
Proceeds from sale of assets 38,000  
Net cash used by investing activities (77,000) (14,000)
Cash flows related to financing activities:    
Principal payments on long-term debt   (637,000)
Principal payments on equipment financing lease/note obligations (70,000) (85,000)
Proceeds from equipment note and equipment financing lease   384,000
Proceeds from line of credit   500,000
Purchase of treasury shares   (81,000)
Net cash (used) provided by financing activities (70,000) 81,000
Net (decrease) increase in cash (691,000) 903,000
Cash at beginning of period 9,546,000 5,935,000
Cash at end of period $ 8,855,000 $ 6,838,000