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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows related to operating activities:    
Net (Loss)Income $ (1,547,000) $ 325,000
Adjustments to reconcile net (loss) income to net cash used by operating activities:    
Depreciation and amortization 306,000 313,000
Gain on sale of equipment   (26,000)
Stock based compensation 55,000 25,000
(Decrease)/increase in allowance for credit losses (10,000) 65,000
(Decrease)/increase in inventory reserve (175,000) 168,000
Increase in warranty reserve 13,000  
Deferred income taxes 2,000  
Change in assets and liabilities:    
Accounts receivable (1,267,000) (2,171,000)
Inventories (788,000) (222,000)
Prepaid income taxes   199,000
Other current assets (1,022,000) (783,000)
Accounts payable 972,000 1,669,000
Accrued employee compensation and benefit costs 200,000 (72,000)
Other accrued liabilities 388,000 (68,000)
Post retirement obligation 39,000 34,000
Net cash used by operating activities (2,834,000) (544,000)
Cash flows related to investing activities:    
Capital expenditures - property, plant and equipment (437,000) (115,000)
Proceeds from sale of assets   38,000
Net cash used by investing activities (437,000) (77,000)
Cash flows related to financing activities:    
Principal payments on equipment financing lease/note obligations (501,000) (70,000)
Proceeds from line of credit, net 939,000  
Net cash provided (used) by financing activities 438,000 (70,000)
Net decrease in cash and restricted cash (2,833,000) (691,000)
Cash and restricted cash at beginning of period 4,004,000 9,546,000
Cash and restricted cash at end of period $ 1,171,000 $ 8,855,000