|
Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands
|
6 Months Ended |
|
Jun. 30, 2011
|
Jun. 30, 2010
|
| Cash flows from operating activities: |
 |
 |
| Net income |
$ 570 |
$ 356 |
| Adjustments to reconcile net income to net cash used in operating activities: |
 |
 |
| Depreciation and amortization |
1,541 |
1,732 |
| Bad debt expense |
179 |
164 |
| Inventory reserves |
16 |
95 |
| Non-cash interest expense |
17 |
12 |
| Stock options compensation expense |
437 |
488 |
| Stock issued in lieu of directors fees |
40 |
30 |
| Deferred income taxes |
 |
22 |
| Changes in assets and liabilities which provided (used) cash: |
 |
 |
| Accounts and notes receivable |
(95) |
(1,678) |
| Inventory |
(185) |
2,162 |
| Prepaid expenses and interest receivable |
(469) |
(503) |
| Other assets |
(21) |
(64) |
| Accounts payable |
(1,535) |
967 |
| Other current liabilities |
(2,578) |
(151) |
| Deferred revenues |
(27) |
660 |
| Income taxes |
(93) |
14 |
| Other long-term liabilities |
(66) |
 |
| Net cash (used in) provided by operating activities: |
(2,269) |
4,306 |
| Cash flows from investing activities: |
 |
 |
| Purchase of property and equipment |
(433) |
(377) |
| Purchase of intangible and other assets |
(705) |
(1,138) |
| Purchase of investment |
(322) |
 |
| Net cash used in investing activities |
(1,460) |
(1,515) |
| Cash flows from financing activities: |
 |
 |
| Fees paid for credit facility |
(100) |
(50) |
| Proceeds from exercise of common stock options |
1,240 |
|
| Purchase of treasury stock |
(2,897) |
(26) |
| Principal payments on capital lease obligations |
(221) |
(12) |
| Proceeds from credit facility |
6,000 |
 |
| Principal payments on notes payable and debt |
 |
(500) |
| Net cash provided by (used in) financing activities: |
4,022 |
(588) |
| Effect of exchange differences on cash |
(1) |
7 |
| Net increase in cash and cash equivalents |
292 |
2,210 |
| Cash and cash equivalents at beginning of period |
10,251 |
5,306 |
| Cash and cash equivalents at end of period |
10,543 |
7,516 |
| Supplemental Disclosures of Cash Flow Information |
 |
 |
| Interest |
30 |
2 |
| Income taxes |
$ 123 |
$ 41 |