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Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities:    
Net income $ 955,000 $ 737,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 124,000 121,000
Provision for sales returns and doubtful accounts 4,000 3,000
Stock based compensation 14,000 2,000
Loss on investments 0 185,000
Gain on sale of assets (160,000) 0
Changes in assets and liabilities:    
Accounts receivable 147,000 255,000
Inventories 390,000 252,000
Prepaid expenses and other current assets (23,000) 4,000
Accounts payable (584,000) (137,000)
Accrued liabilities (13,000) (25,000)
Other assets and liabilities 4,000 12,000
Total adjustments (97,000) 672,000
Net cash provided by operating activities 858,000 1,409,000
Investing activities:    
Acquisition of property and equipment (12,000) (5,000)
Proceeds from sale of assets 200,000 0
Payment for investment in convertible securities (186,000) 0
Net cash provided by (used for) investing activities 2,000 (5,000)
Financing activities:    
Payments on notes payable 0 (500,000)
Dividend payments (516,000) (418,000)
Proceeds from stock options exercised 126,000 60,000
Net cash used for financing activities (390,000) (858,000)
Impact of exchange rates on cash 5,000 (6,000)
Net increase in cash and cash equivalents 475,000 540,000
Cash and cash equivalents, beginning of period 4,494,000 3,250,000
Cash and cash equivalents, end of period 4,969,000 3,790,000
Supplemental disclosures of cash flow information:    
Cash paid for interest 0 9,000
Cash paid for income taxes, net $ 3,000 $ 3,000