XML 14 R7.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows From Operating Activities    
Net income $ 4,380 $ 3,376
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 92 101
Stock-based compensation 399 362
Accretion of premium on available-for-sale investments (378) (157)
Gain on disposal of fixed asset (132)  
Inventory valuation adjustment 50 43
Deferred income taxes (265) (357)
Noncash lease expense 178 177
Unrealized gain (58)  
Changes in operating assets and liabilities:    
Accounts receivable (5) (46)
Inventory (1,603) (93)
Prepaid expenses and other current assets 130 (186)
Other assets 38 2
Accounts payable (63) (491)
Accrued liabilities 1,029 765
Customer deposits (602) 185
Lease liabilities (102) 4
Other liabilities (89) (170)
Net cash provided by operating activities 2,999 3,515
Cash Flows From Investing Activities    
Purchase of property and equipment (9) (57)
Purchases of debt securities (21,177) (8,034)
Proceeds from maturities of debt securities 20,857 2,300
Net cash used in investing activities (329) (5,791)
Cash Flows From Financing Activities    
Payment of dividends (4,603) (4,555)
Net proceeds from exercise of stock options 57 29
Payment for shares withheld for tax withholdings on vesting of restricted stock units (39) (35)
Net cash used in financing activities (4,585) (4,561)
Net decrease in cash and cash equivalents (1,915) (6,837)
Cash and cash equivalents at beginning of period 13,671 19,392
Cash and cash equivalents at end of period 11,756 12,555
Supplemental Disclosure of Cash Flow Information    
Cash paid for income taxes 36 36
Supplemental Disclosure of Noncash Investing and Financing Information    
Right-of-use assets obtained in exchange for lease liabilities 58  
Property and equipment purchased but not yet paid   $ 19
Vender credit received upon disposal of fixed asset $ 58