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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 959,000 $ 567,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 1,358,000 1,224,000
Provision (recovery) for doubtful accounts (14,000) 25,000
Deferred taxes 201,000 29,000
Foreign currency transaction (gains) losses 29,000 (113,000)
Share-based compensation 493,000 484,000
Unrealized loss on available-for-sale equity security 5,000 37,000
Changes in operating assets and liabilities:    
Accounts receivable 320,000 (2,034,000)
Inventories (1,881,000) (821,000)
Other assets 648,000 (363,000)
Accounts payable (865,000) 2,088,000
Advance customer payments 186,000 321,000
Accrued expenses (561,000) 556,000
Operating lease assets and liabilities 397,000 0
Net cash provided by operating activities 1,275,000 2,000,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities of available-for-sale marketable securities 2,860,000 3,969,000
Proceeds from sales of available-for-sale marketable securities 0 70,000
Purchases of available-for-sale marketable securities (2,758,000) (4,479,000)
Additions to equipment and leasehold improvements (957,000) (642,000)
Additions to patents (61,000) (36,000)
Net cash used in investing activities (916,000) (1,118,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of stock options 59,000 251,000
Net cash provided by financing activities 59,000 251,000
Effects of exchange rate changes on cash and cash equivalents (2,000) 9,000
Net increase in cash and cash equivalents 416,000 1,142,000
Cash and cash equivalents – beginning of period 9,248,000 6,944,000
Cash and cash equivalents – end of period $ 9,664,000 $ 8,086,000