XML 21 R6.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash flows related to operating activities:    
Net Income $ 3,498 $ 1,317
Adjustments to reconcile net income to net cash generated in operating activities:    
Depreciation and amortization 1,025 885
Loss on disposal of property 1 16
Stock based compensation 276 213
Increase in allowance for doubtful accounts 21 77
Increase in inventory reserve 105 88
Increase in warranty reserve 389 39
Deferred income tax 114 82
Change in assets and liabilities:    
Accounts receivable (2,183) (1,062)
Inventories (2,464) 414
Prepaid income taxes (314) 182
Other current assets (247) 138
Other non-current assets   (9)
Accounts payable 1,117 (703)
Accrued employee compensation and benefit costs 124 575
Other accrued liabilities (399) 406
Accrued income taxes (414) 414
Post retirement obligation 83 479
Employee stock ownership trust payment 101 101
Net cash generated by operating activities 833 3,652
Cash flows related to investing activities:    
Capital expenditures - property, plant and equipment (1,866) (2,176)
Proceeds from sale of assets   180
Net cash used by investing activities (1,866) (1,996)
Cash flows related to financing activities:    
Principal payments on long-term debt (548) (547)
Principal payments on capital lease obligations (160) (14)
Proceeds from capital leases 210 668
Purchase of treasury shares (175) (195)
Cash dividend (403) (376)
Net cash used by financing activities (1,076) (464)
Net (decrease)/increase in cash and cash equivalents (2,109) 1,192
Cash and cash equivalents at beginning of year 4,707 3,515
Cash and cash equivalents at end of year $ 2,598 $ 4,707