XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
OPERATING ACTIVITIES    
Net income $ 169,000 $ 27,000
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation 148,000 115,000
Amortization of finite-lived intangible assets 18,000 19,000
Stock-based compensation 233,000 78,000
Loss on equity investment in unconsolidated subsidiary   76,000
Realized loss on sale of marketable securities 744,000  
Unrealized gain on marketable securities (789,000) (127,000)
Deferred income tax expense (165,000) 29,000
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivable, net (588,000) 209,000
Increase in inventories, net (427,000) (59,000)
Decrease (increase) in prepaid expenses and other assets 31,000 (156,000)
Increase in accounts payable, accrued compensation, income taxes and commissions and other 72,000 191,000
Net cash (used in) provided by operating activities (554,000) 402,000
INVESTING ACTIVITIES    
Capital expenditures (207,000) (55,000)
Proceeds from sale of marketable securities 397,000  
Purchase of marketable securities (7,000,000)  
Net cash used in investing activities (6,810,000) (55,000)
(Decrease) increase in cash and cash equivalents (7,364,000) 347,000
Cash and cash equivalents at beginning of period 29,016,000 18,331,000
Cash and cash equivalents at end of period 21,652,000 18,678,000
Supplemental Disclosure:    
Income taxes paid $ 50,000 27,000
Non-cash subscription agreement (Note C)   $ 2,725,000