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CONDENSED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from (used in) operating activities    
Net income (loss) $ 80 $ (171)
Adjustments to reconcile net income (loss) to net cash from (used in) operating activities:    
Depreciation and amortization 69 117
Deferred income taxes 58 (15)
Stock-based compensation expense 38 4
Interest accrued on Treasury Bills (163) (8)
Change in:    
Trade receivables 95 (175)
Inventories (91) (127)
Other current assets (65) 13
Accounts payable (13) (48)
Accrued expenses 209 250
Income tax receivable/payable (125) (53)
Net cash from (used in) operating activities 92 (213)
Cash flows from (used in) investing activities    
Purchases of Treasury Bills (13,830) (4,992)
Proceeds from the maturity of Treasury Bills 10,000 8,000
Purchase of property and equipment (1) (17)
Net cash from (used in) investing activities (3,831) 2,991
Cash flows from (used in) financing activities    
Proceeds from the exercise of common stock options 0 31
Payments on financing lease (5) (4)
Net cash from (used in) financing activities (5) 27
Net increase (decrease) in cash and cash equivalents (3,744) 2,805
Cash and cash equivalents, beginning 7,646 6,713
Cash and cash equivalents, ending 3,902 9,518
Supplemental cash flow information    
Cash paid for income taxes 164 22
Cash paid for interest $ 1 $ 1