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Note 2 - Revised Prior Period Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2022
Notes Tables |
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block] |
Consolidated Balance Sheets |  |  |  |  |  |  |  |  |  |  |  |
|  | Previously |  |  | (1) |  |  |  |  |
|  | Reported |  |  | Adjustments |  |  | Revised |
As of December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 16,307,000 |  |  | $ | - |  |  | $ | 16,307,000 |
Accounts receivable, net of allowance for doubtful accounts of $64,000 as of December 31, 2021 and $71,000 as of December 31, 2020 |  |  | 3,397,000 |  |  |  | - |  |  |  | 3,397,000 |
Accounts receivable, related party |  |  | 1,383,000 |  |  |  | - |  |  |  | 1,383,000 |
Inventories |  |  | 24,969,000 |  |  |  | - |  |  |  | 24,969,000 |
Prepaid expenses |  |  | 6,943,000 |  |  |  | - |  |  |  | 6,943,000 |
Total current assets |  |  | 52,999,000 |  |  |  | - |  |  |  | 52,999,000 |
Property and equipment, net |  |  | 6,064,000 |  |  |  | - |  |  |  | 6,064,000 |
Goodwill |  |  | 55,000 |  |  |  | - |  |  |  | 55,000 |
Definite-lived intangible assets, net |  |  | 3,000 |  |  |  | - |  |  |  | 3,000 |
Right-of-use assets |  |  | 2,648,000 |  |  |  | - |  |  |  | 2,648,000 |
Equity investment in unconsolidated affiliate |  |  | 6,120,000 |  |  |  | (869,000 | ) |  |  | 5,251,000 |
Total assets |  | $ | 67,889,000 |  |  | $ | (869,000 | ) |  | $ | 67,020,000 |
Liabilities and Shareholders' Equity |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 528,000 |  |  | $ | - |  |  | $ | 528,000 |
Accrued liabilities |  |  | 1,250,000 |  |  |  | - |  |  |  | 1,250,000 |
Lease liabilities |  |  | 883,000 |  |  |  | - |  |  |  | 883,000 |
Total current liabilities |  |  | 2,661,000 |  |  |  | - |  |  |  | 2,661,000 |
Lease liabilities, net of current portion |  |  | 1,817,000 |  |  |  | - |  |  |  | 1,817,000 |
Deferred income tax liabilities, net |  |  | 791,000 |  |  |  | - |  |  |  | 791,000 |
Total liabilities |  |  | 5,269,000 |  |  |  | - |  |  |  | 5,269,000 |
Commitments and contingincies |  |  |  |  |  |  |  |  |  |  |  |
Shareholders' equity: |  |  |  |  |  |  |  |  |  |  |  |
Common stock, $.01 par value: 50,000,000 shares authorized; 13,115,341 shares outstanding as of December 31, 2021 |  |  | 132,000 |  |  |  | - |  |  |  | 132,000 |
Retained earnings |  |  | 62,488,000 |  |  |  | - |  |  |  | 62,488,000 |
Accumulated other comprehensive loss |  |  | - |  |  |  | (869,000 | ) |  |  | (869,000 | )
Total shareholders' equity |  |  | 62,620,000 |  |  |  | (869,000 | ) |  |  | 61,751,000 |
Total liabilities and shareholders' equity |  | $ | 67,889,000 |  |  | $ | (869,000 | ) |  | $ | 67,020,000 |
Consolidated Statements of Comprehensive Income |  |  |  |  |  |  |  |  |  |  |  |
|  | Year Ended December 31, 2021 |
|  | Previously |  |  |  |  |  |  |  |  |
|  | Reported |  |  | Adjustments |  |  | Revised |
Net Income |  | $ | 6,756,000 |  |  | $ | - |  |  | $ | 6,756,000 |
Other comprehensive loss- foreign currency translation loss |  |  | - |  |  |  | (96,000 | ) |  |  | (96,000 | )
Comprehensive income |  | $ | 6,756,000 |  |  | $ | (96,000 | ) |  | $ | 6,660,000 |
Consolidated Statements of Shareholder's Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Accumulated |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Additional |  |  |  |  |  |  | Other |  |  |  |  |
|  | Common Stock |  |  | Paid-in |  |  | Retained |  |  | Comprehensive |  |  |  |  |
|  | Shares |  |  | Amount |  |  | Capital |  |  | Earnings |  |  | Loss* |  |  | Total |
Balance as of December 31, 2020 as revised |  |  | 13,419,847 |  |  | $ | 135,000 |  |  | $ | 409,000 |  |  | $ | 58,986,000 |  |  | $ | (773,000 | ) |  | $ | 58,757,000 |
Common stock repurchased and retired |  |  | (439,000 | ) |  |  | (4,000 | ) |  |  | (1,150,000 | ) |  |  | (3,254,000 | ) |  |  | - |  |  |  | (4,408,000 | )
Options exercised |  |  | 134,494 |  |  |  | 1,000 |  |  |  | 426,000 |  |  |  | - |  |  |  | - |  |  |  | 427,000 |
Share-based compensation expense |  |  | - |  |  |  | - |  |  |  | 315,000 |  |  |  | - |  |  |  | - |  |  |  | 315,000 |
Total comprehensive income (loss) as revised |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 6,756,000 |  |  |  | (96,000 | ) |  |  | 6,660,000 |
Balance as of December 31, 2021 as revised |  |  | 13,115,341 |  |  | $ | 132,000 |  |  | $ | - |  |  | $ | 62,488,000 |  |  | $ | (869,000 | ) |  | $ | 61,751,000 |

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- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22663-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22644-107794 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22658-107794 + Details
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