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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Cash Flows From Operating Activities:        
Net income $ 862,000 $ 1,430,000 $ 3,082,000 $ 3,128,000
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:        
Stock-based compensation     327,000 68,000
Depreciation and amortization 245,000 225,000 734,000 687,000
Equity in income of unconsolidated affiliate (97,000) (180,000) (435,000) (392,000)
Gain on sale of asset (30,000) 0 (30,000) 0
Non-cash lease expense     674,000 515,000
Changes in operating assets and liabilities:        
Accounts receivable, net     (123,000) (2,066,000)
Accounts receivable, related party     397,000 599,000
Inventories, net     (946,000) 2,871,000
Prepaid expenses     342,000 344,000
Accounts payable and accrued liabilities     (70,000) (302,000)
Lease liabilities     (667,000) (523,000)
Net cash and cash equivalents provided by (used in) operating activities     3,285,000 4,929,000
Cash Flows From Investing Activities:        
Purchases of property and equipment     (2,363,000) (487,000)
Proceeds from sale of asset     30,000 0
Net cash and cash equivalents used in investing activities     (2,333,000) (487,000)
Cash Flows From Financing Activities:        
Proceeds from exercise of stock options     832,000 440,000
Repurchase of common stock (1,030,000) (1,049,000) (3,731,000) (2,979,000)
Treasury stock excise tax     (37,000) (30,000)
Net cash and cash equivalents used in financing activities     (2,936,000) (2,569,000)
Decrease in cash and cash equivalents     (1,984,000) 1,873,000
Cash and cash equivalents, beginning of the period     20,378,000 16,290,000
Cash and cash equivalents, end of the period $ 18,394,000 $ 18,163,000 18,394,000 18,163,000
Supplemental disclosure of non-cash transactions:        
Net non-cash changes to operating leases     $ 4,803,000 $ 0