XML 17 R6.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements Of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 12,751,000 $ 5,742,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,560,000 2,629,000
Non-cash operating lease expense 569,000 521,000
Provision (recovery) for doubtful accounts 124,000 (20,000)
Deferred taxes 983,000 366,000
Foreign currency transaction gains (8,000) (97,000)
Share-based compensation 1,347,000 1,181,000
Unrealized (gain) loss on available for sale equity security (13,000) 18,000
Changes in operating assets and liabilities:    
Accounts and trade notes receivable (4,792,000) 1,888,000
Inventories (8,221,000) (5,212,000)
Prepaid expenses and other assets 9,000 49,000
Accounts payable 5,198,000 (1,903,000)
Advance customer payments and other (177,000) 247,000
Accrued expenses 589,000 1,321,000
Operating lease liabilities (830,000) (772,000)
Net cash provided by operating activities 10,089,000 5,958,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities of available-for-sale marketable securities 10,601,000 11,576,000
Proceeds from sale of available-for-sale marketable securities 225,000 0
Purchases of available-for-sale marketable securities (13,639,000) (13,186,000)
Additions to equipment and leasehold improvements (1,627,000) (1,527,000)
Additions to patents (254,000) (212,000)
Net cash used in investing activities (4,694,000) (3,349,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of stock options 428,000 358,000
Tax payments related to shares withheld for share-based compensation plans (787,000) (605,000)
Proceeds from issuance of common stock under employee stock purchase plan 247,000 224,000
Net cash used in financing activities (112,000) (23,000)
Effects of exchange rate changes on cash and cash equivalents 2,000 (23,000)
Net increase in cash and cash equivalents 5,285,000 2,563,000
Cash and cash equivalents – beginning of period 8,399,000 5,836,000
Cash and cash equivalents – end of period $ 13,684,000 $ 8,399,000