XML 16 R6.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities:    
Net income $ 552,000 $ 762,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 33,000 43,000
Stock based compensation 4,000 2,000
Deferred income taxes (2,000) (5,000)
Changes in values of marketable securities (854,000) (163,000)
Changes in assets and liabilities:    
Accounts receivable (135,000) (521,000)
Inventories (73,000) 730,000
Prepaid expenses and other current assets (70,000) (78,000)
Accounts payable 294,000 (59,000)
Accrued liabilities (78,000) 231,000
Other assets and liabilities 1,000 0
Total adjustments (880,000) 180,000
Net cash (used for)provided by operating activities (328,000) 942,000
Investing activities:    
Acquisition of property and equipment (37,000) (1,000)
Purchase of marketable securities 0 (1,000,000)
Net cash used for investing activities (37,000) (1,001,000)
Financing activities:    
Dividend payments (301,000) (300,000)
Net cash used for financing activities (301,000) (300,000)
Impact of exchange rates on cash 8,000 (1,000)
Net decrease in cash and cash equivalents (658,000) (360,000)
Cash and cash equivalents, beginning of period 6,205,000 5,217,000
Cash and cash equivalents, end of period 5,547,000 4,857,000
Supplemental disclosures of cash flow information:    
Cash paid for interest 0 0
Cash paid for income taxes, net $ 0 $ 0