XML 16 R6.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Cash Flows - USD ($)
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities:    
Net income $ 1,203,000 $ 1,704,000
Adjustments to reconcile net income to net cash (used for) provided by operating activities:    
Depreciation and amortization 133,000 109,000
Stock based compensation 9,000 4,000
Deferred income taxes (2,000) (5,000)
Changes in values of marketable securities (1,282,000) (538,000)
Changes in assets and liabilities:    
Accounts receivable (531,000) (442,000)
Inventories (401,000) 1,113,000
Prepaid expenses and other current assets 146,000 (39,000)
Accounts payable 531,000 21,000
Accrued liabilities (177,000) 97,000
Other assets and liabilities (3,000) 0
Total adjustments (1,577,000) 320,000
Net cash (used for) provided by operating activities (374,000) 2,024,000
Investing activities:    
Acquisition of property and equipment (228,000) (204,000)
Purchase of marketable securities 0 (1,000,000)
Net cash used for investing activities (228,000) (1,204,000)
Financing activities:    
Dividend payments (903,000) (901,000)
Proceeds from stock options exercised 0 56,000
Net cash used for financing activities (903,000) (845,000)
Impact of exchange rates on cash 8,000 3,000
Net decrease in cash and cash equivalents (1,497,000) (22,000)
Cash and cash equivalents, beginning of period 6,205,000 5,217,000
Cash and cash equivalents, end of period 4,708,000 5,195,000
Cash paid for income taxes, net $ 203,000 $ 499,000