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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 21,652 $ 29,016
Marketable securities 22,815 16,167
Accounts receivable, net of allowances of $202 and $208, respectively 5,255 4,667
Inventories, net 5,919 5,492
Prepaid expenses and other current assets 467 494
Total Current Assets 56,108 55,836
Property, plant and equipment:    
Land 536 536
Buildings and improvements 4,869 4,869
Machinery and equipment 19,022 18,815
Gross property, plant and equipment 24,427 24,220
Less: accumulated depreciation (20,985) (20,837)
Net property, plant, and equipment 3,442 3,383
Right-of-use lease assets 369 396
Intangible assets, net 234 252
Deferred income tax assets 75 34
Other assets 1 5
Total Assets 60,229 59,906
Current Liabilities:    
Accounts payable 1,568 1,455
Accrued compensation and commissions 1,084 1,549
Income taxes payable 801 599
Other accrued expenses 1,044 823
Total Current Liabilities 4,497 4,426
Deferred income tax liability   124
Long-term lease liabilities 587 613
Total Liabilities 5,084 5,163
Contingencies (Note M)
Stockholders’ Equity    
Common stock, $0.01 par value - 30,000,000 shares authorized; 5,446,840 shares issued and 5,323,973 shares outstanding at March 31, 2022, and 5,446,840 shares issued and 5,308,973 shares outstanding at December 31, 2021 53 53
Additional paid-in capital 46,050 45,817
Retained earnings 9,622 9,453
Treasury stock, 81,584 shares held in treasury at cost at March 31, 2022 and December 31, 2021 (580) (580)
Total Stockholders' Equity 55,145 54,743
Total Liabilities and Stockholders' Equity $ 60,229 $ 59,906