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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating activities:    
Net income $ 337,000 $ 90,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 41,000 40,000
Provision for sales returns and doubtful accounts   4,000
Stock based compensation 8,000 6,000
Changes in assets and liabilities:    
Accounts receivable (272,000) (2,000)
Inventories 177,000 177,000
Prepaid expenses and other current assets (83,000) (63,000)
Accounts payable 404,000 220,000
Accrued liabilities 14,000 (74,000)
All other operating activities (1,000) 0
Total adjustments 288,000 308,000
Net cash provided by operating activities 625,000 398,000
Investing activities:    
Acquisition of property and equipment (1,000) 0
Net cash used for investing activities (1,000) 0
Financing activities:    
Dividend payments (233,000) (201,000)
Proceeds from stock options exercised 0 54,000
Net cash used for financing activities (233,000) (147,000)
Impact of exchange rates on cash (13,000) 0
Net increase in cash and cash equivalents 378,000 251,000
Cash and cash equivalents, beginning of period 6,652,000 5,313,000
Cash and cash equivalents, end of period 7,030,000 5,564,000
Supplemental disclosures of cash flow information:    
Cash paid for interest 0 0
Cash paid for income taxes, net $ 0 $ 0