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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,634,000 $ 809,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 1,876,000 1,659,000
Provision for doubtful accounts (159,000) (15,000)
Deferred taxes 261,000 (27,000)
Foreign currency transaction (gains) losses (140,000) 139,000
Stock based compensation 701,000 640,000
Unrealized loss on available-for-sale equity security 24,000 0
Realized gain on available-for-sale marketable securities (3,000) 0
Changes in operating assets and liabilities:    
Accounts receivable (3,594,000) (1,022,000)
Inventories (387,000) (5,260,000)
Other assets (692,000) (133,000)
Accounts payable 1,124,000 866,000
Advance customer payments 638,000 (3,000)
Accrued expenses 382,000 (1,906,000)
Net cash provided by (used in) operating activities 1,665,000 (4,253,000)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities of available-for-sale marketable securities 6,018,000 5,187,000
Proceeds from sales of available-for-sale marketable securities 480,000 0
Purchases of available-for-sale marketable securities (7,006,000) (5,604,000)
Additions to equipment and leasehold improvements (1,079,000) (851,000)
Additions to patents (76,000) (107,000)
Net cash used in investing activities (1,663,000) (1,375,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of stock options 452,000 330,000
Proceeds from issuance of common stock under Employee Stock Purchase Plan 219,000 258,000
Net cash provided by financing activities 671,000 588,000
Effects of exchange rate changes on cash and cash equivalents 16,000 (7,000)
Net increase (decrease) in cash and cash equivalents 689,000 (5,047,000)
Cash and cash equivalents – beginning of period 6,944,000 10,640,000
Cash and cash equivalents – end of period $ 7,633,000 $ 5,593,000