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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating Activities:    
Net income (loss) $ (1,584,000) $ 348,000
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 742,000 570,000
Changes in allowance for doubtful accounts (2,000) (36,000)
Deferred income tax benefit (388,000) 0
Stock-based compensation expense 277,000 149,000
Accrued interest on held to maturity investments (33,000) 0
Changes in operating assets and liabilities:    
Accounts receivable 2,517,000 2,296,000
Inventories (8,000) (63,000)
Income tax receivable (3,000) 107,000
Prepaid expenses and other 92,000 109,000
Accounts payable (459,000) (131,000)
Accrued liabilities (1,924,000) 17,000
Accrued income taxes 15,000 15,000
Deferred revenue 134,000 659,000
Net cash provided by (used in) operating activities (624,000) 4,040,000
Investing Activities:    
Purchases of property and equipment (358,000) (528,000)
Purchase of investments (4,981,000) 0
Net cash used in investing activities (5,339,000) (528,000)
Financing Activities:    
Proceeds from issuance of common stock 108,000 49,000
Repurchase of common stock upon vesting of restricted stock awards (9,000) (14,000)
Cash dividends paid ($0.70 per share) (14,000) (14,000)
Repurchase of common stock, net 0 (187,000)
Net cash provided by (used in) financing activities 85,000 (166,000)
Increase (decrease) in cash and cash equivalents (5,878,000) 3,346,000
Cash and cash equivalents at beginning of period 10,160,000 4,695,000
Cash and cash equivalents at end of period 4,282,000 8,041,000
Supplemental disclosures for cash flow information:    
Cash paid during the period for income taxes 6,000 0
Non-cash investing and financing activities:    
Purchases of property and equipment included in accounts payable $ 0 $ 111,000