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CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 10,291,000 $ 14,190,000
Trade accounts receivable, net of allowance for doubtful accounts of $83 and $89, respectively 4,165,000 3,995,000
Inventories 6,925,000 6,351,000
Other current assets 575,000 737,000
TOTAL CURRENT ASSETS 21,956,000 25,273,000
Property, plant and equipment - net 1,040,000 946,000
Other assets 2,542,000 2,838,000
TOTAL ASSETS 25,538,000 29,057,000
CURRENT LIABILITIES:    
Accounts payable 1,848,000 1,373,000
Accrued compensation 1,557,000 2,496,000
Deferred revenue 1,252,000 1,507,000
Other accrued liabilities 1,374,000 1,413,000
Income taxes payable 60,000 0
TOTAL CURRENT LIABILITIES 6,091,000 6,789,000
Operating lease liabilities 1,897,000 2,277,000
Long-term other payables 198,000 138,000
COMMITMENTS 0 0
STOCKHOLDERS' EQUITY    
Preferred stock - Authorized, 5,000,000 shares, including 200,000 shares of Series A Junior Participating 0 0
Common stock, at stated value - Authorized, 30,000,000 shares Issued and outstanding, 8,814,279 shares as of June 30, 2022 and 8,621,007 shares as of December 31, 2021 21,386,000 20,886,000
Accumulated earnings (deficit) (4,488,000) (2,011,000)
Accumulated other comprehensive income 454,000 978,000
TOTAL STOCKHOLDERS' EQUITY 17,352,000 19,853,000
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 25,538,000 $ 29,057,000