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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities:    
Net income (loss) from operations $ (4,954,000) $ 4,911,000
Non-cash charges:    
Depreciation and amortization 1,787,000 1,566,000
Amortization of other intangible assets 702,000 703,000
Amortization of operating lease assets 899,000 582,000
Amortization of debt issue costs 16,000 23,000
Amortization of consideration payable to customer 270,000 270,000
Provision for (recovery of) doubtful accounts 24,000 (38,000)
Stock-based compensation 41,000 106,000
Restricted stock-based compensation 41,000 52,000
Loss (gain) on sale of fixed assets 35,000 (7,817,000)
Deferred income taxes (11,000) 409,000
Gain on contingent consideration settlement (52,000) 0
Gain on lease obligation settlement (31,000) 0
Gain on forgiveness of grant obligation (53,000) 0
Impairment of assets 1,612,000 194,000
Changes in operating assets and liabilities:    
Accounts receivable 1,835,000 529,000
Inventories 4,538,000 (1,714,000)
Prepaid expenses and other current assets (1,341,000) (339,000)
Other assets 0 (1,000)
Accounts payable 352,000 (1,025,000)
Accrued compensation and benefits (1,498,000) (318,000)
Accrued other liabilities (185,000) 255,000
Operating lease liabilities (918,000) (597,000)
Other liabilities (62,000) (265,000)
Total adjustments 8,001,000 (7,425,000)
Net cash provided by (used in) operating activities 3,047,000 (2,514,000)
Cash Flows from Investing Activities:    
Capital expenditures (1,104,000) (1,524,000)
Proceeds from sale real property and other assets 1,000 8,766,000
Purchase of net assets of gear businesses 0 (3,518,000)
Net cash (used in) provided by investing activities (1,103,000) 3,724,000
Cash Flows from Financing Activities:    
Dividend payments (157,000) (632,000)
Proceeds from exercise of stock options 18,000 0
Purchase of Class A Common Stock 0 (3,518,000)
Net (payments) proceeds from short-term borrowings (4,274,000) 3,552,000
Payment of contingent consideration 0 (692,000)
Repayments of notes payable 0 453,000
Payments of debt issue costs 0 (72,000)
Proceeds from Grant 53,000 0
Proceeds from PPP loan 2,929,000 0
Net cash used in financing activities (1,431,000) (1,815,000)
Effect of exchange rate changes on cash 11,000 (14,000)
Net increase (decrease) in cash 524,000 (619,000)
Cash at beginning of year 380,000 999,000
Cash at end of year 904,000 380,000
Cash paid for:    
Interest 120,000 171,000
Income taxes 35,000 1,809,000
Cash paid for amounts included in the measurement of operating lease liabilities 5,000 30,000
Supplemental disclosures of non-cash investing and financing activities:    
Contingent consideration on acquisition of gear businesses 0 64,000
Right of Use ("ROU") assets recognized for new operating lease liabilities 140,000 4,032,000
Operating lease liability related to ROU assets recognized upon adoption of ASC 842 $ 0 $ 418,000