XML 15 R6.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities:    
Net income $ 2,042,000 $ 337,000
Adjustments to reconcile net income to net cash (used for)provided by operating activities:    
Depreciation and amortization 33,000 41,000
Provision for sales returns and doubtful accounts 1,000 0
Stock based compensation 5,000 8,000
Deferred income taxes (1,922,000) 0
Loss on short-term investments 87,000 0
Changes in assets and liabilities:    
Accounts receivable 166,000 (272,000)
Inventories 198,000 177,000
Prepaid expenses and other current assets (49,000) (83,000)
Accounts payable (1,421,000) 404,000
Accrued liabilities (21,000) 14,000
Other assets and liabilities 7,000 (1,000)
Total adjustments (2,916,000) 288,000
Net cash (used for)provided by operating activities (874,000) 625,000
Investing activities:    
Acquisition of property and equipment (5,000) (1,000)
Net cash used for investing activities (5,000) (1,000)
Financing activities:    
Dividend payments (264,000) (233,000)
Net cash used for financing activities (264,000) (233,000)
Impact of exchange rates on cash (17,000) (13,000)
Net (decrease)increase in cash and cash equivalents (1,160,000) 378,000
Cash and cash equivalents, beginning of period 5,974,000 6,652,000
Cash and cash equivalents, end of period 4,814,000 7,030,000
Supplemental disclosures of cash flow information:    
Cash paid for interest $ 0 $ 0