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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Operating activities:    
Net income $ 1,359,000 $ 806,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 186,000 178,000
Provision for inventory reserves 0 405,000
Reversal of inventory reserves (1,134,000) (1,701,000)
Provision for sales returns and doubtful accounts 5,000 5,000
Stock based compensation 27,000 21,000
Loss on investments 0 193,000
Gain on sale of assets 0 (160,000)
Noncontrolling interest (100,000) 0
Changes in assets and liabilities:    
Accounts receivable 378,000 (126,000)
Inventories 1,204,000 2,305,000
Prepaid expenses and other current assets 39,000 (18,000)
Accounts payable (52,000) (510,000)
Accrued liabilities 124,000 11,000
Other assets and liabilities 16,000 4,000
Total adjustments 693,000 607,000
Net cash provided by operating activities 2,052,000 1,413,000
Investing activities:    
Acquisition of property and equipment (17,000) (17,000)
Proceeds from sale of assets 0 200,000
Payment for investment in convertible securities 0 (186,000)
Net cash used for investing activities (17,000) (3,000)
Financing activities:    
Borrowings on notes payable 163,000 0
Dividend payments (840,000) (717,000)
Proceeds from stock options exercised 85,000 126,000
Net cash used for financing activities (592,000) (591,000)
Impact of exchange rates on cash (104,000) 0
Net increase in cash and cash equivalents 1,339,000 819,000
Cash and cash equivalents, beginning of period 5,313,000 4,494,000
Cash and cash equivalents, end of period 6,652,000 5,313,000
Supplemental disclosures of cash flow information:    
Cash paid for interest 0 0
Cash paid for income taxes, net $ 3,000 $ 3,000