| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Operating activities: | |||||||||
Net income | |||||||||
806,000 | 1,370,000 | 696,000 | -3,118,000 | -595,000 | -1,138,000 | -965,000 | -771,000 | -633,000 | -363,000 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
Depreciation and amortization | |||||||||
178,000 | 161,000 | 203,000 | 175,000 | 155,000 | 155,000 | 188,000 | 212,000 | 186,000 | 227,000 |
Provision for inventory reserves | |||||||||
405,000 | 180,000 | 180,000 | 3,640,000 | 600,000 | 900,000 | 900,000 | 900,000 | 600,000 | 600,000 |
Reversal of inventory reserves | |||||||||
1,701,000 | 838,000 | - | - | - | - | - | - | - | - |
Provision for sales returns and doubtful accounts | |||||||||
5,000 | 11,000 | 190,000 | 77,000 | 96,000 | 3,000 | 11,000 | 19,000 | 20,000 | 32,000 |
Stock based compensation | |||||||||
21,000 | 8,000 | 3,000 | 1,000 | 24,000 | 23,000 | 26,000 | 19,000 | 11,000 | 11,000 |
Loss on investments | |||||||||
-193,000 | -185,000 | -162,000 | -224,000 | -297,000 | -226,000 | -148,000 | - | - | - |
Gain on sale of assets | |||||||||
160,000 | 0 | - | - | - | - | - | - | - | - |
Impairment of investment in securities | |||||||||
- | - | - | - | - | 305,000 | 0 | - | - | - |
Changes in assets and liabilities: | |||||||||
Restricted cash | |||||||||
- | - | - | - | - | - | -100,000 | -100,000 | 0 | 100,000 |
Accounts receivable | |||||||||
126,000 | -66,000 | 935,000 | 19,000 | -147,000 | 26,000 | -331,000 | 371,000 | -306,000 | 238,000 |
Inventories | |||||||||
-2,305,000 | -1,051,000 | 115,000 | -320,000 | 1,129,000 | -765,000 | 65,000 | -915,000 | 987,000 | 707,000 |
Prepaid expenses and other current assets | |||||||||
18,000 | -13,000 | 7,000 | -22,000 | 33,000 | 18,000 | 43,000 | 11,000 | -36,000 | -154,000 |
Accounts payable | |||||||||
-510,000 | 124,000 | -9,000 | -182,000 | 640,000 | -174,000 | -100,000 | -125,000 | -78,000 | 256,000 |
Accrued liabilities | |||||||||
11,000 | -48,000 | 20,000 | 99,000 | 67,000 | -46,000 | -140,000 | 96,000 | -19,000 | 48,000 |
Other assets and liabilities | |||||||||
-4,000 | -11,000 | 0 | -8,000 | -5,000 | -4,000 | -21,000 | 73,000 | -25,000 | 19,000 |
Total adjustments | |||||||||
607,000 | 924,000 | -308,000 | 4,365,000 | 869,000 | 2,117,000 | 1,377,000 | 1,681,000 | 100,000 | 264,000 |
Net cash provided by operating activities | |||||||||
1,413,000 | 2,294,000 | 388,000 | 1,247,000 | 274,000 | 979,000 | 412,000 | 910,000 | -533,000 | -99,000 |
Investing activities: | |||||||||
Acquisition of property and equipment | |||||||||
17,000 | 5,000 | 37,000 | 4,000 | 37,000 | 14,000 | 20,000 | 20,000 | 31,000 | 65,000 |
Proceeds from sale of assets | |||||||||
200,000 | 0 | - | - | - | - | - | - | - | - |
Payments for investment in joint ventures | |||||||||
- | - | - | - | - | 245,000 | 294,000 | 0 | 637,000 | - |
Proceeds from return of investments | |||||||||
- | - | - | - | - | - | 147,000 | - | - | - |
Payment for investment in convertible securities | |||||||||
186,000 | 0 | 93,000 | 0 | - | - | - | - | - | - |
Proceeds from return of investments | |||||||||
- | - | - | - | - | - | - | 0 | - | - |
Purchases of investments in securities | |||||||||
- | - | - | - | - | - | - | 350,000 | 0 | - |
Net cash used for investing activities | |||||||||
-3,000 | -5,000 | -130,000 | -4,000 | -37,000 | -259,000 | -167,000 | -370,000 | -668,000 | -65,000 |
Financing activities: | |||||||||
Payments on notes payable | |||||||||
0 | 500,000 | 500,000 | 500,000 | 0 | - | - | - | - | - |
Dividend payments | |||||||||
717,000 | 589,000 | 554,000 | 414,000 | 0 | - | - | - | - | - |
Proceeds from stock options exercised | |||||||||
126,000 | 60,000 | 40,000 | 0 | - | - | - | - | - | - |
Repurchase of Class A common stock | |||||||||
- | - | - | - | 16,000 | 0 | - | - | - | - |
Borrowings on notes payable | |||||||||
- | - | - | - | - | - | - | - | - | 500,000 |
Net cash used for financing activities | |||||||||
-591,000 | -1,029,000 | -1,014,000 | -914,000 | -16,000 | 0 | - | - | - | 500,000 |
Impact of exchange rates on cash | |||||||||
0 | -16,000 | -12,000 | -3,000 | 1,000 | 26,000 | 4,000 | 30,000 | 11,000 | -9,000 |
Net increase in cash and cash equivalents | |||||||||
819,000 | 1,244,000 | - | - | - | - | - | - | - | - |
Net (decrease) increase in cash and cash equivalents | |||||||||
- | - | -768,000 | 326,000 | 222,000 | 746,000 | 249,000 | 570,000 | -1,190,000 | 327,000 |
Supplemental disclosures of cash flow information: | |||||||||
Cash paid for interest | |||||||||
0 | 9,000 | 43,000 | 42,000 | 53,000 | 53,000 | 53,000 | 53,000 | 53,000 | 47,000 |
Cash paid for income taxes, net | |||||||||
3,000 | 3,000 | 3,000 | 1,000 | 9,000 | 2,000 | 3,000 | 3,000 | 3,000 | 7,000 |