XML 18 R7.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net loss $ (2,127,000) $ (1,733,000)
Adjustment to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 160,000 182,000
Amortization of right of use assets 183,000 211,000
(Gain) loss on foreign currency remeasurement (76,000) 59,000
Issuance of common stock for compensation 26,000
Amortization of stock options 38,000
Allowance for credit losses 21,000 (25,000)
Changes in operating assets and liabilities:    
Accounts receivable (439,000) 1,197,000
Inventories 561,000 515,000
Prepaids and other assets (99,000) 110,000
Accounts payable 829,000 269,000
Accrued liabilities 566,000 91,000
Operating lease liabilities (171,000) (220,000)
Customer deposits 566,000 (174,000)
Deferred pension liability and other 19,000 52,000
Net cash (used in) provided by operating activities (7,000) 598,000
Cash flows from investing activities    
Purchases of property, plant and equipment (5,000) (248,000)
Net cash used in investing activities (5,000) (248,000)
Cash flows from financing activities    
Proceeds from long-term debt 200,000
Payments of long-term debt (3,000) (200,000)
Net cash used in financing activities (3,000)
Effect of exchange rate changes (1,000)
Net (decrease) increase in cash, cash equivalents and restricted cash (16,000) 350,000
Cash, cash equivalents and restricted cash at beginning of year 385,000 48,000
Cash, cash equivalents and restricted cash at end of period 369,000 398,000
Supplemental disclosure of cash flow information:    
Interest paid 5,000 23,000
Income taxes paid 6,000 10,000
Current assets    
Cash and cash equivalents 169,000 198,000
Long-term assets    
Restricted cash 200,000 200,000
Cash, cash equivalents and restricted cash at end of period $ 369,000 $ 398,000