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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:      
Net income (loss)   $ 380,000 $ (504,000)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Deferred income taxes $ 51,000 15,000 0
Changes in operating assets and liabilities   29,000 (343,000)
Net cash provided by (used in) operating activities   424,000 (847,000)
Cash flows from financing activities:      
Preferred stock dividend payments   (1,275,000) 0
Net cash used in financing activities   (1,275,000) 0
Net decrease in cash and cash equivalents   (851,000) (847,000)
Cash and cash equivalents, beginning of period   46,982,000 47,641,000
Cash and cash equivalents, end of period $ 46,131,000 46,131,000 46,794,000
Non-cash financing activities:      
Accretion of dividend for Series C Preferred Stock   $ 1,062,000 $ 1,062,000