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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 844,000 $ 495,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 664,000 663,000
Non-cash operating lease expense 137,000 236,000
Recovery for doubtful accounts (23,000) (44,000)
Deferred taxes 64,000 71,000
Foreign currency transaction losses (gains) (381,000) 70,000
Share-based compensation 272,000 244,000
Unrealized loss on available-for-sale equity security 18,000 1,000
Changes in operating assets and liabilities:    
Accounts receivable 1,841,000 2,866,000
Inventories (2,086,000) (1,625,000)
Prepaid expenses and other assets (111,000) 445,000
Accounts payable 1,348,000 (2,353,000)
Advance customer payments 51,000 207,000
Accrued expenses 14,000 (802,000)
Operating lease liabilities (200,000) (34,000)
Net cash provided by operating activities 2,452,000 440,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities of available-for-sale marketable securities 3,106,000 1,052,000
Purchases of available-for-sale marketable securities (5,294,000) (1,263,000)
Additions to equipment and leasehold improvements (129,000) (183,000)
Additions to patents (17,000) (32,000)
Net cash used in investing activities (2,334,000) (426,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of stock options 85,000 59,000
Net cash provided by financing activities 85,000 59,000
Effects of exchange rate changes on cash and cash equivalents 30,000 (6,000)
Net increase in cash and cash equivalents 233,000 67,000
Cash and cash equivalents – beginning of period 5,836,000 9,248,000
Cash and cash equivalents – end of period $ 6,069,000 $ 9,315,000