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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Cash Flows From Operating Activities:        
Net income $ 1,644,000 $ 1,146,000 $ 2,220,000 $ 1,698,000
Adjustments to reconcile net income to net cash and cash equivalents provided by (used in) operating activities:        
Stock-based compensation     218,000 44,000
Depreciation and amortization 245,000 219,000 489,000 462,000
Equity in income of unconsolidated affiliate (200,000) (103,000) (338,000) (212,000)
Non-cash lease expense     434,000 461,000
Changes in operating assets and liabilities:        
Accounts receivable, net     (2,760,000) (3,213,000)
Accounts receivable, related party     458,000 665,000
Inventories, net     (654,000) 2,426,000
Prepaid expenses     (742,000) (519,000)
Accounts payable and accrued liabilities     (923,000) (360,000)
Lease liabilities     (444,000) (465,000)
Net cash and cash equivalents provided by (used in) operating activities     (2,042,000) 987,000
Cash Flows From Investing Activities:        
Purchases of property and equipment     (216,000) (390,000)
Cash Flows From Financing Activities:        
Proceeds from exercise of stock options     815,000 403,000
Repurchase of common stock (1,284,000) (1,097,000) (2,701,000) (1,930,000)
Treasury stock excise tax     (27,000) (11,000)
Net cash and cash equivalents used in financing activities     (1,913,000) (1,538,000)
Decrease in cash and cash equivalents     (4,171,000) (941,000)
Cash and cash equivalents, beginning of the period     20,378,000 16,290,000
Cash and cash equivalents, end of the period $ 16,207,000 $ 15,349,000 16,207,000 15,349,000
Supplemental disclosure of non-cash transactions:        
Net non-cash changes to operating leases     $ 4,803,000 $ 0