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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 22,325 $ 29,016
Marketable securities 19,177 16,167
Accounts receivable, net of allowances of $212 and $208, respectively 4,711 4,667
Inventories, net 6,372 5,492
Prepaid expenses and other current assets 331 494
Total Current Assets 52,916 55,836
Property, plant and equipment:    
Land 536 536
Buildings and improvements 4,877 4,869
Machinery and equipment 19,202 18,815
Gross property, plant and equipment 24,615 24,220
Less: accumulated depreciation (21,150) (20,837)
Net property, plant, and equipment 3,465 3,383
Right-of-use lease assets 332 396
Intangible assets, net 214 252
Deferred income tax assets 499 34
Other assets 20 5
Total Assets 57,446 59,906
Current Liabilities:    
Accounts payable 1,560 1,455
Accrued compensation and commissions 1,336 1,549
Income taxes payable 6 599
Other accrued expenses 545 823
Total Current Liabilities 3,447 4,426
Deferred income tax liability   124
Other liabilities 632 613
Total Liabilities 4,079 5,163
Contingencies (Note N)
Stockholders’ Equity    
Common stock, $0.01 par value - 30,000,000 shares authorized; 5,472,054 shares issued and 5,334,187 shares outstanding at June 30, 2022, and 5,446,840 shares issued and 5,308,973 shares outstanding at December 31, 2021 53 53
Additional paid-in capital 46,070 45,817
Retained earnings 7,824 9,453
Treasury stock, 81,584 shares held in treasury at cost at June 30, 2022 and December 31, 2021 (580) (580)
Total Stockholders' Equity 53,367 54,743
Total Liabilities and Stockholders' Equity $ 57,446 $ 59,906