TransAct Technologies (TACT) 10-K 16 Mar 20 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2019	Feb. 28, 2020	Jun. 28, 2019
Cover [Abstract]
Entity Registrant Name	TRANSACT TECHNOLOGIES INC
Entity Central Index Key	0001017303
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Public Float			$ 81,900,000
Entity Common Stock, Shares Outstanding		7,534,133
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Entity Address, State or Province	CT

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 4,203	$ 4,691
Accounts receivable, net	6,418	8,025
Note receivable	1,017	0
Inventories, net	12,099	12,835
Prepaid income taxes	180	809
Other current assets	998	677
Total current assets	24,915	27,037
Fixed assets, net	2,244	2,272
Right-of-use-asset	2,855	0
Goodwill	2,621	2,621
Deferred tax assets	2,565	2,198
Intangible assets, net	817	797
Other assets	44	31
Total noncurrent assets	11,146	7,919
Total assets	36,061	34,956
Current liabilities:
Accounts payable	2,960	3,483
Accrued liabilities	3,041	2,765
Lease liability	945	0
Deferred revenue	700	384
Total current liabilities	7,646	6,632
Deferred revenue, net of current portion	219	265
Lease liability, net of current portion	2,104	0
Deferred rent, net of current portion	0	250
Other liabilities	166	242
Total noncurrent liabilities	2,489	757
Total liabilities	10,135	7,389
Shareholders' equity:
Preferred stock	0	0
Common stock, $0.01 par value, 20,000,000 shares authorized; 11,500,502 and 11,463,141 shares issued, respectively; 7,455,660 and 7,418,299 shares outstanding, respectively	115	115
Additional paid-in capital	32,604	32,129
Retained earnings	25,348	27,515
Accumulated other comprehensive loss, net of tax	(31)	(82)
Treasury stock, 4,044,842 shares, at cost	(32,110)	(32,110)
Total shareholders' equity	25,926	27,567
Total liabilities and shareholders' equity	36,061	34,956
Series A Preferred Stock [Member]
Shareholders' equity:
Preferred stock	$ 0	$ 0

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2019	Dec. 31, 2018
Shareholders' equity:
Preferred stock par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	4,800,000	4,800,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	20,000,000	20,000,000
Common stock, shares issued (in shares)	11,515,090	11,463,141
Common stock, shares outstanding (in shares)	7,470,248	7,418,299
Treasury stock (in shares)	4,044,842	4,044,842
Series A Preferred Stock [Member]
Shareholders' equity:
Preferred stock par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	200,000	200,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
CONDENSED CONSOLIDATED STATEMENTS OF INCOME [Abstract]
Net sales	$ 45,748	$ 54,587	$ 56,311
Cost of sales	23,813	27,844	29,649
Gross profit	21,935	26,743	26,662
Operating expenses:
Engineering, design and product development	4,393	4,576	4,303
Selling and marketing	8,033	7,203	7,561
General and administrative	9,166	8,205	7,984
Operating expenses	21,592	19,984	19,848
Operating income	343	6,759	6,814
Interest and other income (expense):
Interest expense	(28)	(27)	(33)
Interest income	17	0	0
Other, net	35	(266)	(9)
Interest and other income (expense)	24	(293)	(42)
Income before income taxes	367	6,466	6,772
Income tax (benefit) provision	(149)	1,040	3,561
Net income	$ 516	$ 5,426	$ 3,211
Net income per common share:
Basic (in dollars per share)	$ 0.07	$ 0.73	$ 0.43
Diluted (in dollars per share)	$ 0.07	$ 0.70	$ 0.42
Shares used in per-share calculation:
Basic (in shares)	7,466	7,444	7,423
Diluted (in shares)	7,677	7,759	7,592
Dividends declared and paid per common share (in dollars per share)	$ 0.36	$ 0.36	$ 0.35

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]
Net income	$ 516	$ 5,426	$ 3,211
Foreign currency translation adjustment, net of tax	51	17	10
Comprehensive income	$ 567	$ 5,443	$ 3,221

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
Beginning balance at Dec. 31, 2016	$ 112	$ 29,701	$ 24,157	$ (29,752)	$ (109)	$ 24,109
Beginning balance (in shares) at Dec. 31, 2016	7,333,364
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of shares from exercise of stock options	$ 2	1,041	0	0	0	1,043
Issuance of shares from exercise of stock options (in shares)	166,600
Issuance of common stock on restricted stock units	$ 0	0	0	0	0	0
Issuance of common stock on restricted stock units (in shares)	8,300
Issuance of common stock on deferred stock units	$ 0	0	0	0	0	0
Issuance of common stock on deferred stock units (in shares)	8,663
Relinquishment of stock options and deferred stock units to pay withholding taxes	$ 0	(29)	0	0	0	(29)
Relinquishment of stock awards and deferred stock units to pay withholding taxes (in shares)	(2,368)
Purchase of treasury stock	$ 0	0	0	(358)	0	(358)
Purchase of treasury stock (in shares)	(36,465)
Dividends declared and paid on common stock	$ 0	0	(2,581)	0	0	(2,581)
Share-based compensation expense	0	609	0	0	0	609
Adjustments upon adoptions of ASU 2016-09	0	31	(31)	0	0	0
Foreign currency translation adjustment, net of tax	0	0	0	0	10	10
Net income	0	0	3,211	0	0	3,211
Ending balance at Dec. 31, 2017	$ 114	31,353	24,756	(30,110)	(99)	26,014
Ending balance (in shares) at Dec. 31, 2017	7,478,094
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of shares from exercise of stock options	$ 1	415	0	0	0	416
Issuance of shares from exercise of stock options (in shares)	58,146
Issuance of common stock on restricted stock units	$ 0	0	0	0	0	0
Issuance of common stock on restricted stock units (in shares)	33,935
Issuance of common stock on deferred stock units	$ 0	0	0	0	0	0
Issuance of common stock on deferred stock units (in shares)	23,578
Relinquishment of stock options and deferred stock units to pay withholding taxes	$ 0	(268)	0	0	0	(268)
Relinquishment of stock awards and deferred stock units to pay withholding taxes (in shares)	(19,044)
Purchase of treasury stock	$ 0	0	0	(2,000)	0	(2,000)
Purchase of treasury stock (in shares)	(156,410)
Dividends declared and paid on common stock	$ 0	0	(2,667)	0	0	(2,667)
Share-based compensation expense	0	629	0	0	0	629
Foreign currency translation adjustment, net of tax	0	0	0	0	17	17
Net income	0	0	5,426	0	0	5,426
Ending balance at Dec. 31, 2018	$ 115	32,129	27,515	(32,110)	(82)	$ 27,567
Ending balance (in shares) at Dec. 31, 2018	7,418,299					11,463,141
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock on restricted stock units	$ 0	0	0	0	0	$ 0
Issuance of common stock on restricted stock units (in shares)	45,167
Issuance of common stock on deferred stock units	$ 0	0	0	0	0	0
Issuance of common stock on deferred stock units (in shares)	28,231
Relinquishment of stock options and deferred stock units to pay withholding taxes	$ 0	(217)	0	0	0	(217)
Relinquishment of stock awards and deferred stock units to pay withholding taxes (in shares)	(21,449)
Dividends declared and paid on common stock	$ 0	0	(2,683)	0	0	(2,683)
Share-based compensation expense	0	692	0	0	0	692
Foreign currency translation adjustment, net of tax	0	0	0	0	51	51
Net income	0	0	516	0	0	516
Ending balance at Dec. 31, 2019	$ 115	$ 32,604	$ 25,348	$ (32,110)	$ (31)	$ 25,926
Ending balance (in shares) at Dec. 31, 2019	7,470,248					11,515,090

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net income	$ 516	$ 5,426	$ 3,211
Adjustments to reconcile net income to net cash provided by operating activities:
Share-based compensation expense	692	629	609
Depreciation and amortization	1,371	997	1,081
Deferred income tax (benefit) provision	(294)	(107)	1,117
Provision for doubtful accounts	16	105	50
Foreign currency transaction losses	18	199	11
Changes in operating assets and liabilities:
Accounts receivable	1,589	2,688	(405)
Inventories	796	(4,049)	834
Prepaid income taxes	577	(100)	(518)
Other current and long term assets	(333)	(161)	(137)
Accounts payable	(517)	(332)	(988)
Accrued liabilities and other liabilities	415	(186)	1,053
Net cash provided by operating activities	4,846	5,109	5,918
Cash flows from investing activities:
Capital expenditures	(1,062)	(1,007)	(835)
Additions to capitalized software	(304)	(466)	(150)
Issuance of note receivable	(1,000)	0	0
Net cash used in investing activities	(2,366)	(1,473)	(985)
Cash flows from financing activities:
Proceeds from stock option exercises	0	416	1,043
Purchases of common stock for treasury	0	(2,000)	(358)
Payment of dividends on common stock	(2,683)	(2,667)	(2,581)
Withholding taxes paid on stock issuances	(214)	(265)	(23)
Net cash used in financing activities	(2,897)	(4,516)	(1,919)
Effect of exchange rate changes on cash and cash equivalents	(71)	64	(10)
(Decrease) increase in cash and cash equivalents	(488)	(816)	3,004
Cash and cash equivalents, beginning of period	4,691	5,507	2,503
Cash and cash equivalents, end of period	4,203	4,691	5,507
Supplemental cash flow information:
Interest paid	30	25	30
Income taxes paid	65	1,249	2,991
Non-cash capital expenditure items	$ 17	$ 21	$ 44

Description of business

Description of business	12 Months Ended
	Dec. 31, 2019
Description of business [Abstract]
Description of business	1. Description of business TransAct Technologies Incorporated (together with its subsidiaries, “TransAct,” the “Company,” "we,", "us,", "our"), which has its headquarters in Hamden, Connecticut and its primary operating facility in Ithaca, New York, operates in one operating segment: software-driven technology and printing solutions for high growth markets including food service technology, casino and gaming, lottery, POS automation and banking, and oil and gas markets. Our solutions are designed from the ground up based on market and customer requirements and are sold under the BOHA! TM TM TM TM

Summary of significant accounti

Summary of significant accounting policies	12 Months Ended
	Dec. 31, 2019
Summary of significant accounting policies [Abstract]
Summary of significant accounting policies	2. Summary of significant accounting policies Principles of consolidation: Use of estimates : Segment reporting : Cash and cash equivalents : Allowance for doubtful accounts : The following table summarizes the activity recorded in the valuation account for accounts receivable: Year Ended December 31, (In thousands) 2019 2018 2017 Balance, beginning of period $ 205 $ 100 $ 50 Additions charged to costs and expenses 39 105 50 Deductions (23 ) - - Balance, end of period $ 221 $ 205 $ 100 Inventories: Fixed assets: Leases: “Leases” The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease, respectively. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for based on existing guidance for operating leases. If risks and rewards are conveyed without the transfer of control, the lease is treated as financing. If the lessor does not convey risks and rewards or control, the lease is treated as operating. We have elected certain practical expedients available under ASC 842 upon adoption. We have applied the practical expedient which allows prospective transition to ASC 842 on January 1, 2019. Under this transition practical expedient, we did not reassess lease classification, embedded leases or initial direct costs. We have applied the practical expedient for short-term leases. We have lease agreements that include lease and non-lease components, and we have not elected the practical expedients to combine these components for any of our leases. The adoption of ASC 842 had no effect on our Consolidated Statement of Income or Consolidated Statement of Cash Flows. Upon adoption of ASC 842, we recorded a $3.7 million right-of-use asset and a $3.9 million lease liability. The adoption of the new standard had no impact on retained earnings. We enter into lease agreements for the use of real estate space and certain other Right of use assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Lease right of use assets and liabilities are recognized at the commencement date of the lease based on the present value of lease payments over the lease term. As most of our leases do not provide an implicit rate, the Company determines its incremental borrowing rate by using the rate of interest that the Company would have to pay to borrow on a collateralized basis over a similar term, an amount equal to the lease payments in a similar economic environment. Our lease right of use assets exclude lease incentives. Our leases have remaining lease terms of one year to eight years, some of which include options to extend. The majority of our leases with options to extend provide for extensions of up to five years with the ability to terminate the lease within one year. The exercise of lease renewal options is at our sole discretion and our lease right of use assets and liabilities reflect only the options we are reasonably certain that we will exercise. Lease expense is recognized on a straight-line basis over the lease term. Goodwill and Intangible assets : Revenue recognition: The transaction price is determined based on the consideration to which the Company will be entitled in exchange for transferring services to the customer. To the extent the transaction price includes variable consideration, such as price protection, reserves for returns and other allowances, the Company estimates the amount of variable consideration that should be included in the transaction price utilizing either the “expected value” method or the “most likely amount” method depending on the nature of the variable consideration. Variable consideration is included in the transaction price if, in the Company’s judgment, it is probable that a significant future reversal of cumulative revenue under the contract will not occur. For a majority of our revenue, which consists of printers, terminals, consumables, and replacement parts, the Company recognizes revenue as of a point of time. The transaction price is recognized upon shipment of the order when control of the goods is transferred to the customer and at the time the performance obligation is fulfilled. We also sell a software solution in our casino and gaming market, EPICENTRAL™, that enables casino operators to create promotional coupons and marketing messages and to print them in real-time at the slot machine. EPICENTRAL TM Performance obligations are satisfied over time if the customer receives the benefits as we perform work, if the customer controls the asset as it is being produced, or if the product being produced for the customer has no alternative use and we have a contractual right to payment. For our separately priced extended warranty, BOHA! cloud-based software applications, technical support for our food service technology terminals and maintenance agreements (including free one-year maintenance received by customers upon completion of EPICENTRAL™ installation) revenue is recognized over time as the customer receives the benefit. The transaction price from the maintenance services is recognized ratably over time, using output methods, as control of the services is transferred to the customer. Our cloud-based BOHA! software allows customers to use hosted software over the contract period without taking possession of the software and are provided on a subscription basis and is recognized ratably over the contract period. For extended warranties, the transaction price is recognized ratably over the warranty period, using output methods, as control of the services is transferred to the customer. When there is more than one performance obligation in a customer arrangement, the Company typically uses the “standalone selling price” method to determine the transaction price to allocate to each performance obligation. The Company sells the performance obligations separately and has established standalone selling prices for its products and services. In the case of an overall price discount, the discount is applied to each performance obligation proportionately based on standalone selling price. To determine the standalone selling price for initial EPICENTRAL™ installations, the Company uses the adjusted market assessment approach. For contracts with terms of less than 12 months, the Company expenses sales commissions as they are incurred, since the expected amortization period of the cost to obtain a contract is less than 12 months. Prior to the adoption of ASC 606 in 2018, cost to obtain a contract were expensed as incurred regardless of the length of contract. Disaggregation of revenue The following table disaggregates our revenue by market-type, as we believe it best depicts how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors. Sales and usage-based taxes are excluded from revenues. Year Ended December 31, 2019 United States International Total (In thousands) Food Service Technology $ 5,522 $ 582 $ 6,104 POS Automation and Banking 5,714 44 5,758 Casino and Gaming 13,076 8,453 21,529 Lottery 1,290 1 1,291 Printrex 961 205 1,166 TransAct Services Group 8,769 1,131 9,900 Total net sales $ 35,332 $ 10,416 $ 45,748 Year Ended December 31, 2018 United States International Total (In thousands) Food Service Technology $ 4,640 $ 446 $ 5,086 POS Automation and Banking 7,122 151 7,273 Casino and Gaming 17,518 9,075 26,593 Lottery 3,046 47 3,093 Printrex 1,028 269 1,297 TransAct Services Group 10,164 1,081 11,245 Total net sales $ 43,518 $ 11,069 $ 54,587 Year Ended December 31, 2017 United States International Total (In thousands) Food Service Technology $ 4,488 $ 374 $ 4,862 POS Automation and Banking 7,596 309 7,905 Casino and Gaming 13,608 5,007 18,615 Lottery 8,626 1,179 9,805 Printrex 849 203 1,052 TransAct Services Group 13,553 519 14,072 Total net sales $ 48,720 $ 7,591 $ 56,311 Contract balances Our contract liabilities consist of customer pre-payments and deferred revenue. Customer prepayments are reported as “Accrued Liabilities” in current liabilities in the Condensed Consolidated Balance Sheets and represent customer payments made in advance of performance obligations in instances where credit has not been extended and is recognized as revenue when the performance obligation is complete. Deferred revenue is reported separately in current liabilities and non-current liabilities and consists of our extended warranty contracts, technical support for our food service technology terminals, EPICENTRAL™ maintenance contracts and testing service contracts and prepaid software subscriptions for our BOHA! software applications, and is recognized as revenue as (or when) we perform under the contract. The increase in current and non-current deferred revenue is primarily due to the sale of BOHA! software subscriptions, extended warranties and technical support for our food service technology terminals. We do not have any contract asset balances as of December 31, 2019 or 2018. During the year ended December 31, 2019, we recognized revenue of $0.4 million related to our contract liabilities as of December 31, 2018. Total contract liabilities consist of the following: December 31, 2019 December 31, 2018 (In thousands) Customer pre-payments $ 232 $ 50 Deferred revenue, current 700 384 Deferred revenue, non-current 219 265 Total contract liabilities $ 1,151 $ 699 Remaining performance obligations Remaining performance obligations represent the transaction price of firm orders for which a good or service has not been delivered to our customer. As of December 31, 2019, the aggregate amount of the transaction price allocated to remaining performance obligations was $5.8 million. The Company expects to recognize revenue on $5.5 million of our remaining performance obligations within the next 12 months, $0.2 million within the next 24 months and the balance of these remaining performance obligations recognized within the next 36 months. Concentration of credit risk: Accounts receivable from customers representing 10% or more of total accounts receivable were as follows: December 31, 2019 2018 International Gaming Technology ("IGT") 15 % 21 % Bally Technologies 10 % 6 % Sales to customers representing 10% or more of total net sales were as follows: Year Ended December 31, 2019 2018 2017 IGT 14 % 18 % 35 % Warranty: The following table summarizes the activity recorded in the accrued product warranty liability: Year Ended December 31, (In thousands) 2019 2018 2017 Balance, beginning of period $ 273 $ 267 $ 267 Warranties issued 181 269 259 Warranty settlements (239 ) (263 ) (259 ) Balance, end of period $ 215 $ 273 $ 267 $174 thousand and $192 thousand of the accrued product warranty liability were classified as current in Accrued liabilities at December 31, 2019 and 2018, respectively. The remaining $41 thousand and $81 thousand of the accrued product warranty liability as of December 31, 2019 and 2018, respectively, is classified as long-term in Other liabilities. Engineering, design and product development: Costs incurred in the engineering, design and product development of a computer software product are charged to expense until technological feasibility has been established, at which point all material software costs are capitalized within Intangible assets in our Consolidated Balance Sheet until the product is available for general release to customers. While judgment is required in determining when technological feasibility of a product is established, we have determined that it is reached after all high-risk development issues have been documented in a formal detailed plan design. The amortization of these costs have been included in cost of sales over the estimated life of the product. During 2019 and 2018, we contracted several third-parties to develop software for our food service technology products. Unamortized development costs for such software were $704 thousand as of December 31, 2019. The total amount charged to cost of sales for capitalized software development costs was $186 thousand, $30 thousand and $2 thousand in 2019, 2018, and 2017, respectively. Advertising: Income taxes: Foreign currency translation: Share-based payments: We use the Black-Scholes option-pricing model to calculate the fair value of share based awards. The key assumptions for this valuation method include the expected term of the option, stock price volatility, risk-free interest rate, dividend yield, market price of our underlying stock and exercise price. Many of these assumptions are judgmental and highly sensitive in the determination of compensation expense. Beginning in the first quarter of 2017, we recognize forfeitures as they occur. In May 2017, the FASB issued ASU No. 2017-09, "Compensation-Stock Compensation: Scope of modification accounting". ASU 2017-09 provides guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting in ASC 718. ASU No. 2017-09 was effective for fiscal years beginning after December 15, 2017. The amendments are applied prospectively to an award modified on or after the adoption date. We adopted this guidance in the first quarter of 2018 and the adoption did not result in a change to our financial statements. Net income and loss per share:

Note receivable

Note receivable	12 Months Ended
	Dec. 31, 2019
Note receivable [Abstract]
Note receivable	3. Note receivable The note receivable balance relates to a loan given to a third party and repayment is expected to occur in 12 months or less of original issuance. The note receivable has an interest rate of 4.5% and is due in April 2020. Notes receivable are stated at unpaid balances and interest income is recognized on the accrual method. As of December 31, 2019, we have no allowances for loan losses, unamortized deferred loan fees or unearned discounts.

Inventories, net

Inventories, net	12 Months Ended
	Dec. 31, 2019
Inventories, net [Abstract]
Inventories, net	4. Inventories, net The components of inventories, net are: December 31, (In thousands) 2019 2018 Raw materials and purchased component parts $ 7,724 $ 6,593 Work-in-process – 29 Finished goods 4,375 6,213 $ 12,099 $ 12,835

Fixed assets

Fixed assets	12 Months Ended
	Dec. 31, 2019
Fixed assets [Abstract]
Fixed assets	5. Fixed assets The components of fixed assets, net are: December 31, (In thousands) 2019 2018 Tooling, machinery and equipment $ 9,175 $ 11,177 Furniture and office equipment 1,694 1,690 Computer software and equipment 7,062 6,930 Leasehold improvements 2,696 2,666 20,627 22,463 Less: Accumulated depreciation and amortization (19,010 ) (20,518 ) 1,617 1,945 Construction in-process 627 327 $ 2,244 $ 2,272

Intangible assets

Intangible assets	12 Months Ended
	Dec. 31, 2019
Intangible assets [Abstract]
Intangible assets	6. Intangible assets Identifiable intangible assets are recorded in Intangible assets in the accompanying Consolidated Balance Sheets and are comprised of the following: December 31, 2019 2018 (In thousands) Gross Amount Accumulated Amortization Gross Amount Accumulated Amortization Purchased technology $ 2,526 $ (1,792 ) $ 2,221 $ (1,558 ) Customer relationships 1,300 (1,300 ) 1,300 (1,300 ) Trademark 480 (402 ) 480 (354 ) Covenant not to compete 146 (146 ) 146 (146 ) Patents 56 (51 ) 57 (49 ) Other 80 (80 ) 80 (80 ) Total $ 4,588 $ (3,771 ) $ 4,284 $ (3,487 ) Amortization expense was $284 thousand, $128 thousand and $237 thousand in 2019, 2018 and 2017, respectively. Amortization expense for each of the next five years ending December 31 is expected to be as follows: $237 thousand in 2020; $185 thousand in 2021; $154 thousand in 2022; $154 thousand in 2023; $87 thousand in 2024; and none thereafter.

Accrued liabilities

Accrued liabilities	12 Months Ended
	Dec. 31, 2019
Accrued liabilities [Abstract]
Accrued liabilities	7. Accrued liabilities The components of accrued liabilities are: December 31, (In thousands) 2019 2018 Salaries and compensation related $ 1,541 $ 1,817 Warranty 174 192 Professional and consulting 465 231 Other 861 525 $ 3,041 $ 2,765

Retirement savings plan

Retirement savings plan	12 Months Ended
	Dec. 31, 2019
Retirement savings plan [Abstract]
Retirement savings plan	8. Retirement savings plan We maintain a 401(k) plan under which all full-time employees are eligible to participate at the beginning of each month immediately following their date of hire. We match employees’ contributions at a rate of 50% of employees’ contributions up to the first 6% of the employees’ compensation contributed to the 401(k) plan. Our matching contributions were $305 thousand, $237 thousand and $264 thousand in 2019, 2018, and 2017, respectively.

Borrowings

Borrowings	12 Months Ended
	Dec. 31, 2019
Borrowings [Abstract]
Borrowings	9. Borrowings During 2019, we maintained a credit facility (the “TD Bank Credit Facility”) with TD Bank N.A. (“TD Bank) which provided for a $20 million revolving credit line. On November 21, 2017, we signed an amendment to the TD Bank Credit Facility extending the term through November 28, 2022. Borrowings under the revolving credit line bear a floating rate of interest at the prime rate minus one percent and are secured by a lien on all our assets. We also pay a fee of 0.125% on unused borrowings under the revolving credit line. The amendment increased the amount of revolving credit loans we may use to fund future cash dividend payments or treasury share buybacks to $12.5 million from $10 million. The TD Bank Credit Facility imposes certain quarterly financial covenants on us and restricts, among other things, our ability to incur additional indebtedness and the creation of other liens. On November 6, 2019, we amended our TD Credit Facility to change the definition of interest expense to exclude fees paid on unused borrowings under the revolving credit line which is used to calculate total debt service in the operating cash flow to total debt service financial covenant. We were in compliance with all financial covenants of the TD Bank Credit Facility at December 31, 2019. As of December 31, 2019, we had no outstanding borrowings under the TD Bank Credit facility. On March 13, 2020, we terminated our TD Bank Credit Facility and signed a new credit facility with Siena Lending Group LLC. See Note 16 – Subsequent Event.

Stock incentive plans

Stock incentive plans	12 Months Ended
	Dec. 31, 2019
Stock incentive plans [Abstract]
Stock incentive plans	10. Stock incentive plans Stock incentive plans . Under the assumptions indicated below, the weighted-average per share fair value of stock option grants for 2019, 2018, and 2017 was $3.01, $4.38 and $1.95, respectively. We also issued restricted stock units for certain executives and directors that vest over a specified period of time, and in some instances require achieving certain performance metrics. The weighted-average per share fair value of these restricted stock units was $10.46, $12.91 and $7.53 in 2019, 2018 and 2017 respectively. The table below indicates the key assumptions used in the option valuation calculations for options granted in 2019, 2018, and 2017 and a discussion of our methodology for developing each of the assumptions used in the valuation model: Year Ended December 31, 2019 2018 2017 Expected option term (in years) 6.8 6.8 6.8 Expected volatility 38.8 % 38.0 % 36.2 % Risk-free interest rate 2.6 % 2.7 % 2.1 % Dividend yield 3.5 % 2.6 % 4.3 % Expected Option Term Expected Volatility Risk-Free Interest Rate Dividend Yield For 2019, 2018, and 2017, we recorded $692 thousand, $629 thousand, and $609 thousand of share-based compensation expense, respectively, included primarily in general and administrative expense in our Consolidated Statements of Income. We also recorded income tax benefits of $152 thousand, $138 thousand, and $134 thousand in 2019, 2018, and 2017 respectively, related to such share-based compensation. At December 31, 2019, these benefits are recorded as a deferred tax asset in the Consolidated Balance Sheets. Equity award activity in the 2005 Equity Incentive Plan and 2014 Equity Incentive Plan is summarized below: Stock Options Restricted Stock Units Number of Shares Average Price* Number of Units Average Price** Outstanding at December 31, 2018 1,004,293 $ 9.00 98,600 $ 9.82 Granted 180,675 10.31 58,050 10.44 Exercised – – (45,167 ) 9.16 Forfeited (36,625 ) 8.72 (20,908 ) 12.12 Expired (5,875 ) 6.05 – – Outstanding at December 31, 2019 1,142,468 $ 9.23 90,575 $ 10.46 * weighted average exercise price per share ** weighted-average grant stock price per share The following summarizes information about equity awards outstanding that are vested and expect to vest and equity awards that are exercisable at December 31, 2019: Equity Awards Vested and Expected to Vest Equity Awards That Are Exercisable Awards Average Price* Aggregate Intrinsic Value Remaining Term** Awards Average Price* Aggregate Intrinsic Value Remaining Term** Stock Options 1,142,468 $ 9.23 $ 2,441 5.7 730,500 $ 8.62 $ 1,888 4.1 Restricted stock units 90,575 – 994 2.5 – – – – * weighted average exercise price per share ** weighted-average contractual remaining term in years Shares that are issued upon exercise of employee stock awards are newly issued shares and not issued from treasury stock. As of December 31, 2019, unrecognized compensation cost related to non-vested equity awards granted under our stock incentive plans is approximately $1.5 million, which is expected to be recognized over a weighted average period of 2.1 years. The total fair value of awards vested during the years ended December 31, 2019, 2018, and 2017 was $1.6 million, $1.1 million, and $1.1 million, respectively. The total intrinsic value (which is the amount by which the stock price exceeded the exercise price on the date of exercise) of stock options exercised during the years ended December 31, 2018, and 2017 was $280 thousand and $958 thousand, respectively. No stock options were exercised during the year ended December 31, 2019. Cash received from option exercises was $0.4 million and $1 million for 2018 and 2017, respectively. We recorded a realized tax benefit in 2018 and 2017 from equity-based awards of $17 thousand and $150 thousand, respectively, related to options exercised. Upon adoption of ASU 2016-09 in 2017 tax benefits realized on stock options exercises are included in income tax expense and are no longer included as a component of cash flows.

Income taxes

Income taxes	12 Months Ended
	Dec. 31, 2019
Income taxes [Abstract]
Income taxes	11. Income taxes The components of the income tax provision are as follows: Year Ended December 31, (In thousands) 2019 2018 2017 Current: Federal $ 58 $ 1,049 $ 2,379 State 51 85 114 Foreign 36 13 (49 ) 145 1,147 2,444 Deferred: Federal (205 ) 10 1,097 State 5 – 20 Foreign (94 ) (107 ) – (294 ) (107 ) 1,117 Income tax provision (benefit) $ (149 ) $ 1,040 $ 3,561 On December 22, 2017, the United States enacted significant changes to U.S. tax law following the passage and signing of the Tax Reform Act. The legislation significantly changes U.S. tax law by, among other things, lowering corporate income tax rates, implementing a territorial tax system and imposing a one-time repatriation tax on undistributed foreign earnings. The Tax Reform Act permanently reduces the U.S. corporate income tax rate from a maximum of 35% to a flat 21% rate, effective January 1, 2018. Income tax effects resulting from changes in tax laws are accounted for by the Company in accordance with authoritative guidance, which requires that these tax effects be recognized in the period in which the law is enacted. The Company uses the asset and liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are recognized for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to reverse. As a result of the reduction of TransAct's U.S. corporate income tax rate from 34% to 21% under the Tax Reform Act, the Company revalued its ending net deferred tax assets at December 31, 2017 and recognized a provisional $1.3 million charge to income tax expense in the Company's consolidated statement of income for the year ended December 31, 2017. The Tax Reform Act also provided for a one-time deemed mandatory repatriation of post-1986 undistributed foreign subsidiary earnings and profits ("E&P") through the year ended December 31, 2017. The Company had no undistributed foreign E&P subject to the one-time mandatory repatriation and, therefore, did not recognize any income tax expense related to undistributed foreign subsidiary E&P for the year ended December 31, 2017. While the Tax Reform Act provides for a territorial tax system, beginning in 2018, it includes two new U.S. tax base erosion provisions, the global intangible low-taxed income ("GILTI") provisions and the base-erosion and anti-abuse tax ("BEAT") provisions. The GILTI provisions require the Company to include in its U.S. income tax return foreign subsidiary earnings in excess of an allowable return on the foreign subsidiary's tangible assets. The BEAT provisions in the Tax Reform Act eliminate the deduction of certain base-erosion payments made to related foreign corporations, and impose a minimum tax if greater than regular tax. The Company is not currently subject to these taxes and therefore has not included any tax impacts of GILTI or BEAT in its consolidated financial statements for the year ended December 31, 2019 or 2018. At December 31, 2019, we have no federal or state net operating loss carryforwards, $111 thousand in R&D credit carryforwards, and no state tax credit carryforwards. Foreign loss before taxes was $515 thousand, $286 thousand, and $563 thousand in 2019, 2018, and 2017, respectively. Deferred income taxes arise from temporary differences between the tax basis of assets and liabilities and their reported amounts in the Consolidated Financial Statements. Our deferred tax assets and liabilities were comprised of the following: December 31, (In thousands) 2019 2018 Deferred tax assets: Foreign net operating losses $ 538 $ 390 Depreciation 165 71 Inventory reserves 916 879 Deferred revenue 58 16 Warranty reserve 47 60 Stock compensation expense 701 682 Other accrued compensation 226 233 R&D credit carryforward 111 – Other liabilities and reserves 276 278 Gross deferred tax assets 3,038 2,609 Valuation allowance (444 ) (390 ) Net deferred tax assets 2,594 2,219 Deferred tax liabilities: Other 29 21 Net deferred tax liabilities 29 21 Total net deferred tax assets $ 2,565 $ 2,198 As of December 31, 2019 a valuation allowance of $444 thousand has been established for foreign net operating loss carryforwards that are not expected to be used. The following table summarizes the activity recorded in the valuation allowance on the deferred tax assets: Year Ended December 31, (In thousands) 2019 2018 2017 Balance, beginning of period $ 390 $ 328 $ 423 Additions charged to income tax provision 54 62 67 Reductions credited to income tax provision – – (162 ) Balance, end of period $ 444 $ 390 $ 328 Differences between the U.S. statutory federal income tax rate and our effective income tax rate are analyzed below: Year Ended December 31, 2019 2018 2017 Federal statutory tax rate 21.0 % 21.0 % 34.0 % Valuation allowance and tax accruals 14.8 1.0 1.6 State income taxes, net of federal income taxes 12.0 1.2 1.3 Business meals and entertainment 5.4 0.4 0.4 Miscellaneous permanent items 1.4 0.3 (0.9 ) Uncertain tax positions 1.0 – (0.1 ) Stock option cancellations 0.8 – 1.7 U.S. corporate tax rate change – – 19.4 Foreign-derived intangible income deduction (5.4 ) (1.5 ) – Stock award excess tax benefit (8.4 ) (1.5 ) (1.4 ) R&D credit (83.2 ) (4.9 ) (3.3 ) Other – 0.1 (0.1 ) Effective tax rate (40.6 %) 16.1 % 52.6 % Our effective tax rates were -40.6%, 16.1%, and 52.6% for 2019, 2018, and 2017, respectively. We recorded a tax benefit in 2019 due to the impact of R&D credits on a near break-even level of income before income tax. We had $107 thousand and $104 thousand of total gross unrecognized tax benefits at December 31, 2019 and 2018, respectively that, if recognized, would favorably affect the effective income tax rate in any future periods. We are not aware of any events that could occur within the next twelve months that could cause a significant change in the total amount of unrecognized tax benefits. A tabular reconciliation of the gross amounts of unrecognized tax benefits at the beginning and end of the year is as follows: December 31, (In thousands) 2019 2018 Unrecognized tax benefits as of January 1 $ 104 $ 104 Tax positions taken during the current period 28 28 Lapse of statute of limitations (25 ) (28 ) Unrecognized tax benefits as of December 31 $ 107 $ 104 We expect $27 thousand of the $107 thousand of unrecognized tax benefits will reverse in 2020 upon the expiration of the statute of limitations. We recognize interest and penalties related to uncertain tax positions in the income tax provision. We have accrued interest and penalties related to uncertain tax positions of $18 thousand and $17 thousand as of December 31, 2019 and 2018, respectively. We are subject to U.S. federal income tax as well as income tax of certain state and foreign jurisdictions. We have substantially concluded all U.S. federal income tax, state and local, and foreign tax matters through 2015. However, our federal tax returns for the years 2016 through 2018 remain open to examination. Various state and foreign tax jurisdiction tax years remain open to examination as well, though we believe that any additional assessment would be immaterial to the Consolidated Financial Statements.

Earnings per share

Earnings per share	12 Months Ended
	Dec. 31, 2019
Earnings per share [Abstract]
Earnings per share	12. Earnings per share For 2019, 2018, and 2017, earnings per share was computed as follows (in thousands, except per share amounts): Year Ended December 31, 2019 2018 2017 Net income $ 516 $ 5,426 $ 3,211 Shares: Basic: Weighted average common shares outstanding 7,466 7,444 7,423 Add: Dilutive effect of outstanding equity awards as determined by the treasury stock method 211 315 169 Diluted: Weighted average common and common equivalent shares outstanding 7,677 7,759 7,592 Net income per common share: Basic $ 0.07 $ 0.73 $ 0.43 Diluted 0.07 0.70 0.42 The computation of diluted earnings per share excludes the effect of the potential exercise of stock awards, including stock options, restricted stock units and performance stock awards, when the average market price of the common stock is lower than the exercise price of the related stock award during the period. These outstanding stock awards are not included in the computation of diluted earnings per share because the effect would be anti-dilutive. Anti-dilutive stock awards excluded from the computation of earnings per dilutive share were 447,000, 149,000 and 341,000, at December 31, 2019, 2018 and 2017 respectively.

Stock repurchase program

Stock repurchase program	12 Months Ended
	Dec. 31, 2019
Stock repurchase program [Abstract]
Stock repurchase program	13. Stock repurchase program Prior to its expiration on December 31, 2019, we maintained a stock repurchase program (the "2018 Stock Repurchase Program") whereby we were authorized to repurchase up to $5 million of our outstanding shares of common stock from time to time in the open market at prevailing market prices based on market conditions, share price and other factors. We use the cost method to account for treasury stock purchases, under which the price paid for the stock is charged to the treasury stock account. Repurchases of our common stock are accounted for as of the settlement date. During 2019 we did not repurchase any shares of our common stock. From the start of the 2018 Stock Repurchase Program on March 1, 2018 through December 31, 2018, we repurchased 156,410 shares of our common stock for approximately $2.0 million at an average price per share of $12.79. In 2017, under a prior repurchase program that was in place from February 25, 2016 through December 31, 2017, we purchased 36,465 shares of our common stock for $0.4 million at an average price of $9.84 per share. From January 1, 2005 through December 31, 2019, we repurchased a total of 4,044,842 shares of common stock for $32.1 million, at an average price of $7.94 per share.

Geographic area information

Geographic area information	12 Months Ended
	Dec. 31, 2019
Geographic area information [Abstract]
Geographic area information	14. Geographic area information Information regarding our operations by geographic area is contained in the following table. These amounts in the geographic area table are based on the location of the customer and asset. Year Ended December 31, (In thousands) 2019 2018 2017 Net sales: United States $ 35,332 $ 43,518 $ 48,720 International 10,416 11,069 7,591 Total $ 45,748 $ 54,587 $ 56,311 Fixed assets, net: United States $ 1,326 $ 1,767 $ 1,548 International 918 505 621 Total $ 2,244 $ 2,272 $ 2,169 Sales to international customers were 23%, 20%, and 14% of total sales in 2019, 2018, and 2017 respectively. Sales to Europe represented 44%, 56%, and 44%, sales to the Pacific Rim (which includes Australia and Asia) represented 46%, 36%, and 32%, and sales to Canada represented 8%, 6%, and 18% of total international sales in 2019, 2018, and 2017 respectively. International long-lived assets consist of net fixed assets located at our foreign subsidiary in the UK as well as our contract manufacturers in China, Thailand, Malaysia and Mexico.

Leases

Leases	12 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Leases	15. Leases Operating lease expense for the year ended December 31, 2019, 2018 and 2017 was $1.0 million, $1.1 million and $1.1 million, respectively, and was included within Cost of sales, Engineering, design and product development expense, Selling and marketing expense, and General and administrative expense. Operating costs include short-term lease costs which were immaterial during the period. The following information represents supplemental disclosure for the statement of cash flows related to operating leases (in thousands): Year Ended December 31, 2019 Operating cash outflows from leases $ 1,031 The following summarizes additional information related to our leases as of December 31, 2019: December 31, 2019 Weighted average remaining lease term (in years) 5.0 Weighted average discount rate 3.7 % The maturity of the Company’s operating lease liabilities as of December 31, 2019 are as follows (in thousands): December 31, 2019 2020 $ 1,042 2021 711 2022 434 2023 268 2024 273 Thereafter 616 Total undiscounted lease payments 3,344 Less imputed interest 295 Total lease liabilities $ 3,049 Prior to the adoption of ASC 842, rental commitments on an undiscounted basis were approximately $4.3 million at December 31, 2018 under non-cancelable operating leases and were payable as follows: $1.0 million in 2019; $1.0 million in 2020; $0.7 million in 2021; $0.4 million in 2022, $0.3 million in 2023 and $0.9 million thereafter.

Quarterly results of operations

Quarterly results of operations (unaudited)	12 Months Ended
	Dec. 31, 2019
Quarterly results of operations (unaudited) [Abstract]
Quarterly results of operations (unaudited)	16. Quarterly results of operations (unaudited) Our quarterly results of operations for 2019 and 2018 are as follows: Quarter Ended (In thousands, except per share amounts) March 31 June 30 September 30 December 31 2019: Net sales $ 11,550 $ 11,350 $ 11,686 $ 11,162 Gross profit 6,086 5,704 5,546 4,599 Net income (loss) 746 186 384 (800 ) Net income (loss) per common share: Basic 0.10 0.02 0.05 (0.11 ) Diluted 0.10 0.02 0.05 (0.11 ) 2018: Net sales $ 12,243 $ 14,751 $ 15,838 $ 11,755 Gross profit 5,862 6,991 8,004 5,886 Net income 680 1,210 2,574 962 Net income per common share: Basic 0.09 0.16 0.35 0.13 Diluted 0.09 0.16 0.33 0.12

Subsequent events

Subsequent events	12 Months Ended
	Dec. 31, 2019
Subsequent events [Abstract]
Subsequent events	17. Subsequent events On February 28, 2020, we entered into an amendment to extend the lease on our facility in Ithaca, New York. The lease, which was last amended on January 14, 2016, was scheduled to expire on May 31, 2021. The lease amendment provides for an extension of the lease for four additional years from June 1, 2021 to May 31, 2025. On March 13, 2020, we entered into a new $10 million credit facility (the “Siena Credit Facility”) with Siena Lending Group LLC. The Siena Credit Facility replaced our TD Bank Credit Facility. The Siena Credit Facility provides for a $10 million revolving credit line expiring on March 13, 2023. Borrowings under the Siena Credit Facility bear a floating rate of interest equal to the greatest of (i) the prime rate plus 1.75%, (ii) the federal funds rate plus 2.25%, and (iii) 6.50%. We incurred a closing fee of $63 thousand payable 50% on the closing date and 50% on the first anniversary of the closing date. We also pay a fee of 0.50% on unused borrowings under the facility. Borrowings under the facility are secured by a lien on substantially all the assets of the Company. The Siena Credit Facility imposes certain financial covenants on the Company and borrowings are subject to a borrowing base based on (i) 85% of eligible accounts receivable plus the lesser of (a) $5,000,000 and (b) 50% of eligible raw material and finished good inventory. On March 13, 2020 we loaned an additional $0.6 million to a third party increasing the total note receivable principal balance to $1.6 million. Repayment is expected to occur in 12 months or less of original issuance and the terms of the loan are the same as the original loan disclosed in Note 3-Note receivable above.

Summary of significant accoun_2

Summary of significant accounting policies (Policies)	12 Months Ended
	Dec. 31, 2019
Summary of significant accounting policies [Abstract]
Principles of consolidation	Principles of consolidation:
Use of estimates	Use of estimates :
Segment reporting	Segment reporting :
Cash and cash equivalents	Cash and cash equivalents :
Allowance for doubtful accounts	Allowance for doubtful accounts : The following table summarizes the activity recorded in the valuation account for accounts receivable: Year Ended December 31, (In thousands) 2019 2018 2017 Balance, beginning of period $ 205 $ 100 $ 50 Additions charged to costs and expenses 39 105 50 Deductions (23 ) - - Balance, end of period $ 221 $ 205 $ 100
Inventories	Inventories:
Fixed assets	Fixed assets:
Leases	Leases: “Leases” The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease, respectively. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for based on existing guidance for operating leases. If risks and rewards are conveyed without the transfer of control, the lease is treated as financing. If the lessor does not convey risks and rewards or control, the lease is treated as operating. We have elected certain practical expedients available under ASC 842 upon adoption. We have applied the practical expedient which allows prospective transition to ASC 842 on January 1, 2019. Under this transition practical expedient, we did not reassess lease classification, embedded leases or initial direct costs. We have applied the practical expedient for short-term leases. We have lease agreements that include lease and non-lease components, and we have not elected the practical expedients to combine these components for any of our leases. The adoption of ASC 842 had no effect on our Consolidated Statement of Income or Consolidated Statement of Cash Flows. Upon adoption of ASC 842, we recorded a $3.7 million right-of-use asset and a $3.9 million lease liability. The adoption of the new standard had no impact on retained earnings. We enter into lease agreements for the use of real estate space and certain other Right of use assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Lease right of use assets and liabilities are recognized at the commencement date of the lease based on the present value of lease payments over the lease term. As most of our leases do not provide an implicit rate, the Company determines its incremental borrowing rate by using the rate of interest that the Company would have to pay to borrow on a collateralized basis over a similar term, an amount equal to the lease payments in a similar economic environment. Our lease right of use assets exclude lease incentives. Our leases have remaining lease terms of one year to eight years, some of which include options to extend. The majority of our leases with options to extend provide for extensions of up to five years with the ability to terminate the lease within one year. The exercise of lease renewal options is at our sole discretion and our lease right of use assets and liabilities reflect only the options we are reasonably certain that we will exercise. Lease expense is recognized on a straight-line basis over the lease term.
Goodwill and Intangible assets	Goodwill and Intangible assets :
Revenue recognition	Revenue recognition: The transaction price is determined based on the consideration to which the Company will be entitled in exchange for transferring services to the customer. To the extent the transaction price includes variable consideration, such as price protection, reserves for returns and other allowances, the Company estimates the amount of variable consideration that should be included in the transaction price utilizing either the “expected value” method or the “most likely amount” method depending on the nature of the variable consideration. Variable consideration is included in the transaction price if, in the Company’s judgment, it is probable that a significant future reversal of cumulative revenue under the contract will not occur. For a majority of our revenue, which consists of printers, terminals, consumables, and replacement parts, the Company recognizes revenue as of a point of time. The transaction price is recognized upon shipment of the order when control of the goods is transferred to the customer and at the time the performance obligation is fulfilled. We also sell a software solution in our casino and gaming market, EPICENTRAL™, that enables casino operators to create promotional coupons and marketing messages and to print them in real-time at the slot machine. EPICENTRAL TM Performance obligations are satisfied over time if the customer receives the benefits as we perform work, if the customer controls the asset as it is being produced, or if the product being produced for the customer has no alternative use and we have a contractual right to payment. For our separately priced extended warranty, BOHA! cloud-based software applications, technical support for our food service technology terminals and maintenance agreements (including free one-year maintenance received by customers upon completion of EPICENTRAL™ installation) revenue is recognized over time as the customer receives the benefit. The transaction price from the maintenance services is recognized ratably over time, using output methods, as control of the services is transferred to the customer. Our cloud-based BOHA! software allows customers to use hosted software over the contract period without taking possession of the software and are provided on a subscription basis and is recognized ratably over the contract period. For extended warranties, the transaction price is recognized ratably over the warranty period, using output methods, as control of the services is transferred to the customer. When there is more than one performance obligation in a customer arrangement, the Company typically uses the “standalone selling price” method to determine the transaction price to allocate to each performance obligation. The Company sells the performance obligations separately and has established standalone selling prices for its products and services. In the case of an overall price discount, the discount is applied to each performance obligation proportionately based on standalone selling price. To determine the standalone selling price for initial EPICENTRAL™ installations, the Company uses the adjusted market assessment approach. For contracts with terms of less than 12 months, the Company expenses sales commissions as they are incurred, since the expected amortization period of the cost to obtain a contract is less than 12 months. Prior to the adoption of ASC 606 in 2018, cost to obtain a contract were expensed as incurred regardless of the length of contract. Disaggregation of revenue The following table disaggregates our revenue by market-type, as we believe it best depicts how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors. Sales and usage-based taxes are excluded from revenues. Year Ended December 31, 2019 United States International Total (In thousands) Food Service Technology $ 5,522 $ 582 $ 6,104 POS Automation and Banking 5,714 44 5,758 Casino and Gaming 13,076 8,453 21,529 Lottery 1,290 1 1,291 Printrex 961 205 1,166 TransAct Services Group 8,769 1,131 9,900 Total net sales $ 35,332 $ 10,416 $ 45,748 Year Ended December 31, 2018 United States International Total (In thousands) Food Service Technology $ 4,640 $ 446 $ 5,086 POS Automation and Banking 7,122 151 7,273 Casino and Gaming 17,518 9,075 26,593 Lottery 3,046 47 3,093 Printrex 1,028 269 1,297 TransAct Services Group 10,164 1,081 11,245 Total net sales $ 43,518 $ 11,069 $ 54,587 Year Ended December 31, 2017 United States International Total (In thousands) Food Service Technology $ 4,488 $ 374 $ 4,862 POS Automation and Banking 7,596 309 7,905 Casino and Gaming 13,608 5,007 18,615 Lottery 8,626 1,179 9,805 Printrex 849 203 1,052 TransAct Services Group 13,553 519 14,072 Total net sales $ 48,720 $ 7,591 $ 56,311 Contract balances Our contract liabilities consist of customer pre-payments and deferred revenue. Customer prepayments are reported as “Accrued Liabilities” in current liabilities in the Condensed Consolidated Balance Sheets and represent customer payments made in advance of performance obligations in instances where credit has not been extended and is recognized as revenue when the performance obligation is complete. Deferred revenue is reported separately in current liabilities and non-current liabilities and consists of our extended warranty contracts, technical support for our food service technology terminals, EPICENTRAL™ maintenance contracts and testing service contracts and prepaid software subscriptions for our BOHA! software applications, and is recognized as revenue as (or when) we perform under the contract. The increase in current and non-current deferred revenue is primarily due to the sale of BOHA! software subscriptions, extended warranties and technical support for our food service technology terminals. We do not have any contract asset balances as of December 31, 2019 or 2018. During the year ended December 31, 2019, we recognized revenue of $0.4 million related to our contract liabilities as of December 31, 2018. Total contract liabilities consist of the following: December 31, 2019 December 31, 2018 (In thousands) Customer pre-payments $ 232 $ 50 Deferred revenue, current 700 384 Deferred revenue, non-current 219 265 Total contract liabilities $ 1,151 $ 699 Remaining performance obligations Remaining performance obligations represent the transaction price of firm orders for which a good or service has not been delivered to our customer. As of December 31, 2019, the aggregate amount of the transaction price allocated to remaining performance obligations was $5.8 million. The Company expects to recognize revenue on $5.5 million of our remaining performance obligations within the next 12 months, $0.2 million within the next 24 months and the balance of these remaining performance obligations recognized within the next 36 months.
Concentration of credit risk	Concentration of credit risk: Accounts receivable from customers representing 10% or more of total accounts receivable were as follows: December 31, 2019 2018 International Gaming Technology ("IGT") 15 % 21 % Bally Technologies 10 % 6 % Sales to customers representing 10% or more of total net sales were as follows: Year Ended December 31, 2019 2018 2017 IGT 14 % 18 % 35 %
Warranty	Warranty: The following table summarizes the activity recorded in the accrued product warranty liability: Year Ended December 31, (In thousands) 2019 2018 2017 Balance, beginning of period $ 273 $ 267 $ 267 Warranties issued 181 269 259 Warranty settlements (239 ) (263 ) (259 ) Balance, end of period $ 215 $ 273 $ 267 $174 thousand and $192 thousand of the accrued product warranty liability were classified as current in Accrued liabilities at December 31, 2019 and 2018, respectively. The remaining $41 thousand and $81 thousand of the accrued product warranty liability as of December 31, 2019 and 2018, respectively, is classified as long-term in Other liabilities.
Engineering, design and product development	Engineering, design and product development: Costs incurred in the engineering, design and product development of a computer software product are charged to expense until technological feasibility has been established, at which point all material software costs are capitalized within Intangible assets in our Consolidated Balance Sheet until the product is available for general release to customers. While judgment is required in determining when technological feasibility of a product is established, we have determined that it is reached after all high-risk development issues have been documented in a formal detailed plan design. The amortization of these costs have been included in cost of sales over the estimated life of the product. During 2019 and 2018, we contracted several third-parties to develop software for our food service technology products. Unamortized development costs for such software were $704 thousand as of December 31, 2019. The total amount charged to cost of sales for capitalized software development costs was $186 thousand, $30 thousand and $2 thousand in 2019, 2018, and 2017, respectively.
Advertising	Advertising:
Income taxes	Income taxes:
Foreign currency translation	Foreign currency translation:
Share-based payments	Share-based payments: We use the Black-Scholes option-pricing model to calculate the fair value of share based awards. The key assumptions for this valuation method include the expected term of the option, stock price volatility, risk-free interest rate, dividend yield, market price of our underlying stock and exercise price. Many of these assumptions are judgmental and highly sensitive in the determination of compensation expense. Beginning in the first quarter of 2017, we recognize forfeitures as they occur. In May 2017, the FASB issued ASU No. 2017-09, "Compensation-Stock Compensation: Scope of modification accounting". ASU 2017-09 provides guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting in ASC 718. ASU No. 2017-09 was effective for fiscal years beginning after December 15, 2017. The amendments are applied prospectively to an award modified on or after the adoption date. We adopted this guidance in the first quarter of 2018 and the adoption did not result in a change to our financial statements.
Net income and loss per share	Net income and loss per share:

Summary of significant accoun_3

Summary of significant accounting policies (Tables)	12 Months Ended
	Dec. 31, 2019
Summary of significant accounting policies [Abstract]
Allowance for doubtful accounts	The following table summarizes the activity recorded in the valuation account for accounts receivable: Year Ended December 31, (In thousands) 2019 2018 2017 Balance, beginning of period $ 205 $ 100 $ 50 Additions charged to costs and expenses 39 105 50 Deductions (23 ) - - Balance, end of period $ 221 $ 205 $ 100
Disaggregation of revenue	Disaggregation of revenue The following table disaggregates our revenue by market-type, as we believe it best depicts how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors. Sales and usage-based taxes are excluded from revenues. Year Ended December 31, 2019 United States International Total (In thousands) Food Service Technology $ 5,522 $ 582 $ 6,104 POS Automation and Banking 5,714 44 5,758 Casino and Gaming 13,076 8,453 21,529 Lottery 1,290 1 1,291 Printrex 961 205 1,166 TransAct Services Group 8,769 1,131 9,900 Total net sales $ 35,332 $ 10,416 $ 45,748 Year Ended December 31, 2018 United States International Total (In thousands) Food Service Technology $ 4,640 $ 446 $ 5,086 POS Automation and Banking 7,122 151 7,273 Casino and Gaming 17,518 9,075 26,593 Lottery 3,046 47 3,093 Printrex 1,028 269 1,297 TransAct Services Group 10,164 1,081 11,245 Total net sales $ 43,518 $ 11,069 $ 54,587 Year Ended December 31, 2017 United States International Total (In thousands) Food Service Technology $ 4,488 $ 374 $ 4,862 POS Automation and Banking 7,596 309 7,905 Casino and Gaming 13,608 5,007 18,615 Lottery 8,626 1,179 9,805 Printrex 849 203 1,052 TransAct Services Group 13,553 519 14,072 Total net sales $ 48,720 $ 7,591 $ 56,311
Contract liabilities	Contract balances Our contract liabilities consist of customer pre-payments and deferred revenue. Customer prepayments are reported as “Accrued Liabilities” in current liabilities in the Condensed Consolidated Balance Sheets and represent customer payments made in advance of performance obligations in instances where credit has not been extended and is recognized as revenue when the performance obligation is complete. Deferred revenue is reported separately in current liabilities and non-current liabilities and consists of our extended warranty contracts, technical support for our food service technology terminals, EPICENTRAL™ maintenance contracts and testing service contracts and prepaid software subscriptions for our BOHA! software applications, and is recognized as revenue as (or when) we perform under the contract. The increase in current and non-current deferred revenue is primarily due to the sale of BOHA! software subscriptions, extended warranties and technical support for our food service technology terminals. We do not have any contract asset balances as of December 31, 2019 or 2018. During the year ended December 31, 2019, we recognized revenue of $0.4 million related to our contract liabilities as of December 31, 2018. Total contract liabilities consist of the following: December 31, 2019 December 31, 2018 (In thousands) Customer pre-payments $ 232 $ 50 Deferred revenue, current 700 384 Deferred revenue, non-current 219 265 Total contract liabilities $ 1,151 $ 699
Concentration of risk	Accounts receivable from customers representing 10% or more of total accounts receivable were as follows: December 31, 2019 2018 International Gaming Technology ("IGT") 15 % 21 % Bally Technologies 10 % 6 % Sales to customers representing 10% or more of total net sales were as follows: Year Ended December 31, 2019 2018 2017 IGT 14 % 18 % 35 %
Product warranty liability	The following table summarizes the activity recorded in the accrued product warranty liability: Year Ended December 31, (In thousands) 2019 2018 2017 Balance, beginning of period $ 273 $ 267 $ 267 Warranties issued 181 269 259 Warranty settlements (239 ) (263 ) (259 ) Balance, end of period $ 215 $ 273 $ 267

Inventories, net (Tables)

Inventories, net (Tables)	12 Months Ended
	Dec. 31, 2019
Inventories, net [Abstract]
Inventories, net	The components of inventories, net are: December 31, (In thousands) 2019 2018 Raw materials and purchased component parts $ 7,724 $ 6,593 Work-in-process – 29 Finished goods 4,375 6,213 $ 12,099 $ 12,835

Fixed assets (Tables)

Fixed assets (Tables)	12 Months Ended
	Dec. 31, 2019
Fixed assets [Abstract]
Fixed assets	The components of fixed assets, net are: December 31, (In thousands) 2019 2018 Tooling, machinery and equipment $ 9,175 $ 11,177 Furniture and office equipment 1,694 1,690 Computer software and equipment 7,062 6,930 Leasehold improvements 2,696 2,666 20,627 22,463 Less: Accumulated depreciation and amortization (19,010 ) (20,518 ) 1,617 1,945 Construction in-process 627 327 $ 2,244 $ 2,272

Intangible assets (Tables)

Intangible assets (Tables)	12 Months Ended
	Dec. 31, 2019
Intangible assets [Abstract]
Identifiable intangible assets	Identifiable intangible assets are recorded in Intangible assets in the accompanying Consolidated Balance Sheets and are comprised of the following: December 31, 2019 2018 (In thousands) Gross Amount Accumulated Amortization Gross Amount Accumulated Amortization Purchased technology $ 2,526 $ (1,792 ) $ 2,221 $ (1,558 ) Customer relationships 1,300 (1,300 ) 1,300 (1,300 ) Trademark 480 (402 ) 480 (354 ) Covenant not to compete 146 (146 ) 146 (146 ) Patents 56 (51 ) 57 (49 ) Other 80 (80 ) 80 (80 ) Total $ 4,588 $ (3,771 ) $ 4,284 $ (3,487 )

Accrued liabilities (Tables)

Accrued liabilities (Tables)	12 Months Ended
	Dec. 31, 2019
Accrued liabilities [Abstract]
Accrued liabilities	The components of accrued liabilities are: December 31, (In thousands) 2019 2018 Salaries and compensation related $ 1,541 $ 1,817 Warranty 174 192 Professional and consulting 465 231 Other 861 525 $ 3,041 $ 2,765

Stock incentive plans (Tables)

Stock incentive plans (Tables)	12 Months Ended
	Dec. 31, 2019
Stock incentive plans [Abstract]
Assumptions used in option valuation calculations	The table below indicates the key assumptions used in the option valuation calculations for options granted in 2019, 2018, and 2017 and a discussion of our methodology for developing each of the assumptions used in the valuation model: Year Ended December 31, 2019 2018 2017 Expected option term (in years) 6.8 6.8 6.8 Expected volatility 38.8 % 38.0 % 36.2 % Risk-free interest rate 2.6 % 2.7 % 2.1 % Dividend yield 3.5 % 2.6 % 4.3 %
Stock option activity	Equity award activity in the 2005 Equity Incentive Plan and 2014 Equity Incentive Plan is summarized below: Stock Options Restricted Stock Units Number of Shares Average Price* Number of Units Average Price** Outstanding at December 31, 2018 1,004,293 $ 9.00 98,600 $ 9.82 Granted 180,675 10.31 58,050 10.44 Exercised – – (45,167 ) 9.16 Forfeited (36,625 ) 8.72 (20,908 ) 12.12 Expired (5,875 ) 6.05 – – Outstanding at December 31, 2019 1,142,468 $ 9.23 90,575 $ 10.46 * weighted average exercise price per share ** weighted-average grant stock price per share
Equity awards vested and expected to vest	The following summarizes information about equity awards outstanding that are vested and expect to vest and equity awards that are exercisable at December 31, 2019: Equity Awards Vested and Expected to Vest Equity Awards That Are Exercisable Awards Average Price* Aggregate Intrinsic Value Remaining Term** Awards Average Price* Aggregate Intrinsic Value Remaining Term** Stock Options 1,142,468 $ 9.23 $ 2,441 5.7 730,500 $ 8.62 $ 1,888 4.1 Restricted stock units 90,575 – 994 2.5 – – – – * weighted average exercise price per share ** weighted-average contractual remaining term in years

Income taxes (Tables)

Income taxes (Tables)	12 Months Ended
	Dec. 31, 2019
Income taxes [Abstract]
Income tax provision	The components of the income tax provision are as follows: Year Ended December 31, (In thousands) 2019 2018 2017 Current: Federal $ 58 $ 1,049 $ 2,379 State 51 85 114 Foreign 36 13 (49 ) 145 1,147 2,444 Deferred: Federal (205 ) 10 1,097 State 5 – 20 Foreign (94 ) (107 ) – (294 ) (107 ) 1,117 Income tax provision (benefit) $ (149 ) $ 1,040 $ 3,561
Deferred tax assets and liabilities	Deferred income taxes arise from temporary differences between the tax basis of assets and liabilities and their reported amounts in the Consolidated Financial Statements. Our deferred tax assets and liabilities were comprised of the following: December 31, (In thousands) 2019 2018 Deferred tax assets: Foreign net operating losses $ 538 $ 390 Depreciation 165 71 Inventory reserves 916 879 Deferred revenue 58 16 Warranty reserve 47 60 Stock compensation expense 701 682 Other accrued compensation 226 233 R&D credit carryforward 111 – Other liabilities and reserves 276 278 Gross deferred tax assets 3,038 2,609 Valuation allowance (444 ) (390 ) Net deferred tax assets 2,594 2,219 Deferred tax liabilities: Other 29 21 Net deferred tax liabilities 29 21 Total net deferred tax assets $ 2,565 $ 2,198
Valuation allowance on deferred tax assets	As of December 31, 2019 a valuation allowance of $444 thousand has been established for foreign net operating loss carryforwards that are not expected to be used. The following table summarizes the activity recorded in the valuation allowance on the deferred tax assets: Year Ended December 31, (In thousands) 2019 2018 2017 Balance, beginning of period $ 390 $ 328 $ 423 Additions charged to income tax provision 54 62 67 Reductions credited to income tax provision – – (162 ) Balance, end of period $ 444 $ 390 $ 328
Statutory to effective tax rate reconciliation	Differences between the U.S. statutory federal income tax rate and our effective income tax rate are analyzed below: Year Ended December 31, 2019 2018 2017 Federal statutory tax rate 21.0 % 21.0 % 34.0 % Valuation allowance and tax accruals 14.8 1.0 1.6 State income taxes, net of federal income taxes 12.0 1.2 1.3 Business meals and entertainment 5.4 0.4 0.4 Miscellaneous permanent items 1.4 0.3 (0.9 ) Uncertain tax positions 1.0 – (0.1 ) Stock option cancellations 0.8 – 1.7 U.S. corporate tax rate change – – 19.4 Foreign-derived intangible income deduction (5.4 ) (1.5 ) – Stock award excess tax benefit (8.4 ) (1.5 ) (1.4 ) R&D credit (83.2 ) (4.9 ) (3.3 ) Other – 0.1 (0.1 ) Effective tax rate (40.6 %) 16.1 % 52.6 % Our effective tax rates were -40.6%, 16.1%, and 52.6% for 2019, 2018, and 2017, respectively. We recorded a tax benefit in 2019 due to the impact of R&D credits on a near break-even level of income before income tax.
Unrecognized tax benefits	We had $107 thousand and $104 thousand of total gross unrecognized tax benefits at December 31, 2019 and 2018, respectively that, if recognized, would favorably affect the effective income tax rate in any future periods. We are not aware of any events that could occur within the next twelve months that could cause a significant change in the total amount of unrecognized tax benefits. A tabular reconciliation of the gross amounts of unrecognized tax benefits at the beginning and end of the year is as follows: December 31, (In thousands) 2019 2018 Unrecognized tax benefits as of January 1 $ 104 $ 104 Tax positions taken during the current period 28 28 Lapse of statute of limitations (25 ) (28 ) Unrecognized tax benefits as of December 31 $ 107 $ 104

Earnings per share (Tables)

Earnings per share (Tables)	12 Months Ended
	Dec. 31, 2019
Earnings per share [Abstract]
Earnings per share	For 2019, 2018, and 2017, earnings per share was computed as follows (in thousands, except per share amounts): Year Ended December 31, 2019 2018 2017 Net income $ 516 $ 5,426 $ 3,211 Shares: Basic: Weighted average common shares outstanding 7,466 7,444 7,423 Add: Dilutive effect of outstanding equity awards as determined by the treasury stock method 211 315 169 Diluted: Weighted average common and common equivalent shares outstanding 7,677 7,759 7,592 Net income per common share: Basic $ 0.07 $ 0.73 $ 0.43 Diluted 0.07 0.70 0.42

Geographic area information (Ta

Geographic area information (Tables)	12 Months Ended
	Dec. 31, 2019
Geographic area information [Abstract]
Net sales and fixed assets by geographic area	Information regarding our operations by geographic area is contained in the following table. These amounts in the geographic area table are based on the location of the customer and asset. Year Ended December 31, (In thousands) 2019 2018 2017 Net sales: United States $ 35,332 $ 43,518 $ 48,720 International 10,416 11,069 7,591 Total $ 45,748 $ 54,587 $ 56,311 Fixed assets, net: United States $ 1,326 $ 1,767 $ 1,548 International 918 505 621 Total $ 2,244 $ 2,272 $ 2,169

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Cash flows for operating leases	The following information represents supplemental disclosure for the statement of cash flows related to operating leases (in thousands): Year Ended December 31, 2019 Operating cash outflows from leases $ 1,031
Operating lease weighted average remaining lease term and discount rate	The following summarizes additional information related to our leases as of December 31, 2019: December 31, 2019 Weighted average remaining lease term (in years) 5.0 Weighted average discount rate 3.7 %
Maturity of operating lease liabilities	The maturity of the Company’s operating lease liabilities as of December 31, 2019 are as follows (in thousands): December 31, 2019 2020 $ 1,042 2021 711 2022 434 2023 268 2024 273 Thereafter 616 Total undiscounted lease payments 3,344 Less imputed interest 295 Total lease liabilities $ 3,049

Quarterly results of operatio_2

Quarterly results of operations (unaudited) (Tables)	12 Months Ended
	Dec. 31, 2019
Quarterly results of operations (unaudited) [Abstract]
Quarterly results of operations	Our quarterly results of operations for 2019 and 2018 are as follows: Quarter Ended (In thousands, except per share amounts) March 31 June 30 September 30 December 31 2019: Net sales $ 11,550 $ 11,350 $ 11,686 $ 11,162 Gross profit 6,086 5,704 5,546 4,599 Net income (loss) 746 186 384 (800 ) Net income (loss) per common share: Basic 0.10 0.02 0.05 (0.11 ) Diluted 0.10 0.02 0.05 (0.11 ) 2018: Net sales $ 12,243 $ 14,751 $ 15,838 $ 11,755 Gross profit 5,862 6,991 8,004 5,886 Net income 680 1,210 2,574 962 Net income per common share: Basic 0.09 0.16 0.35 0.13 Diluted 0.09 0.16 0.33 0.12

Description of business (Detail

Description of business (Details)	12 Months Ended
	Dec. 31, 2019SegmentSolution
Description of business [Abstract]
Number of operating segments | Segment	1
Number of software solutions from the after-market side of the business | Solution	2

Summary of significant accoun_4

Summary of significant accounting policies, Segment reporting (Details)	12 Months Ended
	Dec. 31, 2019Segment
Segment reporting [Abstract]
Number of business segments	1

Summary of significant accoun_5

Summary of significant accounting policies, Allowance for doubtful accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Allowance for doubtful accounts [Roll Forward]
Balance, beginning of period	$ 205	$ 100	$ 50
Additions charged to costs and expenses	39	105	50
Deductions	(23)	0	0
Balance, end of period	$ 221	$ 205	$ 100

Summary of significant accoun_6

Summary of significant accounting policies, Fixed assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Fixed assets [Abstract]
Depreciation expense	$ 1.1	$ 0.9	$ 0.8
Tooling [Member]
Fixed assets [Abstract]
Estimated useful life	5 years
Machinery and Equipment [Member]
Fixed assets [Abstract]
Estimated useful life	10 years
Furniture and Office Equipment [Member] | Minimum [Member]
Fixed assets [Abstract]
Estimated useful life	5 years
Furniture and Office Equipment [Member] | Maximum [Member]
Fixed assets [Abstract]
Estimated useful life	10 years
Computer Software and Equipment [Member] | Minimum [Member]
Fixed assets [Abstract]
Estimated useful life	3 years
Computer Software and Equipment [Member] | Maximum [Member]
Fixed assets [Abstract]
Estimated useful life	7 years

Summary of significant accoun_7

Summary of significant accounting policies, Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Leases [Abstract]
Right-of-use asset	$ 2,855	$ 0
Lease liability	$ 2,104	0
Minimum [Member]
Leases [Abstract]
Remaining lease terms	1 year
Maximum [Member]
Leases [Abstract]
Remaining lease terms	8 years
Extension period for leases	5 years
Termination period for leases	1 year
ASC 842 [Member]
Leases [Abstract]
Right-of-use asset		3,700
Lease liability		$ 3,900

Summary of significant accoun_8

Summary of significant accounting policies, Goodwill and Intangible Assets (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)
Summary of significant accounting policies [Abstract]
Impairment of goodwill and intangible assets	$ 0

Summary of significant accoun_9

Summary of significant accounting policies, Revenue recognition - Disaggregation of revenue (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Summary of significant accounting policies [Abstract]
Term of free maintenance upon completion of software installation									1 year
Disaggregation of revenue [Abstract]
Net sales	$ 11,162	$ 11,686	$ 11,350	$ 11,550	$ 11,755	$ 15,838	$ 14,751	$ 12,243	$ 45,748	$ 54,587	$ 56,311
United States [Member]
Disaggregation of revenue [Abstract]
Net sales									35,332	43,518	48,720
International [Member]
Disaggregation of revenue [Abstract]
Net sales									10,416	11,069	7,591
Food Service Technology [Member]
Disaggregation of revenue [Abstract]
Net sales									6,104	5,086	4,862
Food Service Technology [Member] | United States [Member]
Disaggregation of revenue [Abstract]
Net sales									5,522	4,640	4,488
Food Service Technology [Member] | International [Member]
Disaggregation of revenue [Abstract]
Net sales									582	446	374
POS Automation and Banking [Member]
Disaggregation of revenue [Abstract]
Net sales									5,758	7,273	7,905
POS Automation and Banking [Member] | United States [Member]
Disaggregation of revenue [Abstract]
Net sales									5,714	7,122	7,596
POS Automation and Banking [Member] | International [Member]
Disaggregation of revenue [Abstract]
Net sales									44	151	309
Casino and Gaming [Member]
Disaggregation of revenue [Abstract]
Net sales									21,529	26,593	18,615
Casino and Gaming [Member] | United States [Member]
Disaggregation of revenue [Abstract]
Net sales									13,076	17,518	13,608
Casino and Gaming [Member] | International [Member]
Disaggregation of revenue [Abstract]
Net sales									8,453	9,075	5,007
Lottery [Member]
Disaggregation of revenue [Abstract]
Net sales									1,291	3,093	9,805
Lottery [Member] | United States [Member]
Disaggregation of revenue [Abstract]
Net sales									1,290	3,046	8,626
Lottery [Member] | International [Member]
Disaggregation of revenue [Abstract]
Net sales									1	47	1,179
Printrex [Member]
Disaggregation of revenue [Abstract]
Net sales									1,166	1,297	1,052
Printrex [Member] | United States [Member]
Disaggregation of revenue [Abstract]
Net sales									961	1,028	849
Printrex [Member] | International [Member]
Disaggregation of revenue [Abstract]
Net sales									205	269	203
TransAct Services Group [Member]
Disaggregation of revenue [Abstract]
Net sales									9,900	11,245	14,072
TransAct Services Group [Member] | United States [Member]
Disaggregation of revenue [Abstract]
Net sales									8,769	10,164	13,553
TransAct Services Group [Member] | International [Member]
Disaggregation of revenue [Abstract]
Net sales									$ 1,131	$ 1,081	$ 519

Summary of significant accou_10

Summary of significant accounting policies, Revenue recognition - Contract balances (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Summary of significant accounting policies [Abstract]
Revenue recognized	$ 384
Contract liabilities [Abstract]
Customer pre-payments	232	$ 50
Deferred revenue, current	700	384
Deferred revenue, non-current	219	265
Total contract liabilities	$ 1,151	$ 699

Summary of significant accou_11

Summary of significant accounting policies, Revenue recognition - Remaining performance obligations (Details) $ in Millions	Dec. 31, 2019USD ($)
Remaining performance obligations [Abstract]
Remaining performance obligations	$ 5.8
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-01-01
Remaining performance obligations [Abstract]
Remaining performance obligations	$ 5.5
Expected timing of satisfaction, period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01
Remaining performance obligations [Abstract]
Remaining performance obligations	$ 0.2
Expected timing of satisfaction, period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Remaining performance obligations [Abstract]
Remaining performance obligations
Expected timing of satisfaction, period	12 months

Summary of significant accou_12

Summary of significant accounting policies, Concentration of credit risk (Details)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Accounts Receivable [Member] | Customer Concentration Risk [Member] | International Gaming Technology ("IGT") [Member]
Concentration of credit risk [Abstract]
Concentration risk percentage	15.00%	21.00%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Bally Technologies [Member]
Concentration of credit risk [Abstract]
Concentration risk percentage	10.00%	6.00%
Sales [Member] | International Gaming Technology ("IGT") [Member]
Concentration of credit risk [Abstract]
Concentration risk percentage	14.00%	18.00%	35.00%

Summary of significant accou_13

Summary of significant accounting policies, Warranty (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Accrued product warranty liability [Roll Forward]
Balance, beginning of period	$ 273	$ 267	$ 267
Warranties issued	181	269	259
Warranty settlements	(239)	(263)	(259)
Balance, end of period	215	273	$ 267
Accrued product warranty liability, current	174	192
Accrued product warranty liability, long-term	$ 41	$ 81
Maximum [Member]
Warranty [Abstract]
Product warranty period	24 months

Summary of significant accou_14

Summary of significant accounting policies, Engineering, design and product development (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Engineering, design and product development [Abstract]
Research and development expense	$ 4,393	$ 4,576	$ 4,303
Unamortized development costs of software	704
Amortization of capitalized software development costs	$ 186	$ 30	$ 2

Summary of significant accou_15

Summary of significant accounting policies, Advertising (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Advertising [Abstract]
Advertising expense	$ 1.4	$ 1	$ 1

Note receivable (Details)

Note receivable (Details)	Dec. 31, 2019USD ($)
Note receivable [Abstract]
Interest rate	4.50%
Allowance for loan losses	$ 0
Unamortized deferred loan fees and unearned discounts	$ 0

Inventories, net (Details)

Inventories, net (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Inventories, net [Abstract]
Raw materials and purchased component parts	$ 7,724	$ 6,593
Work-in-process	0	29
Finished goods	4,375	6,213
Inventories, net	$ 12,099	$ 12,835

Fixed assets (Details)

Fixed assets (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Fixed assets [Abstract]
Fixed assets	$ 20,627	$ 22,463
Less: Accumulated depreciation and amortization	(19,010)	(20,518)
Fixed assets, net	2,244	2,272	$ 2,169
Tooling, Machinery and Equipment [Member]
Fixed assets [Abstract]
Fixed assets	9,175	11,177
Furniture and Office Equipment [Member]
Fixed assets [Abstract]
Fixed assets	1,694	1,690
Computer Software and Equipment [Member]
Fixed assets [Abstract]
Fixed assets	7,062	6,930
Leasehold Improvements [Member]
Fixed assets [Abstract]
Fixed assets	2,696	2,666
Fixed Assets, Excluding Construction in-Process [Member]
Fixed assets [Abstract]
Fixed assets, net	1,617	1,945
Construction in-Process [Member]
Fixed assets [Abstract]
Fixed assets	$ 627	$ 327

Intangible assets (Details)

Intangible assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Identifiable intangible assets [Abstract]
Gross amount	$ 4,588	$ 4,284
Accumulated amortization	(3,771)	(3,487)
Amortization expense	284	128	$ 237
Future amortization expense [Abstract]
2020	237
2021	185
2022	154
2023	154
2024	87
Finite-Lived Intangible Assets, Amortization Expense, after Year Five	0
Purchased Technology [Member]
Identifiable intangible assets [Abstract]
Gross amount	2,526	2,221
Accumulated amortization	(1,792)	(1,558)
Customer Relationships [Member]
Identifiable intangible assets [Abstract]
Gross amount	1,300	1,300
Accumulated amortization	(1,300)	(1,300)
Trademark [Member]
Identifiable intangible assets [Abstract]
Gross amount	480	480
Accumulated amortization	(402)	(354)
Covenant Not to Compete [Member]
Identifiable intangible assets [Abstract]
Gross amount	146	146
Accumulated amortization	(146)	(146)
Patents [Member]
Identifiable intangible assets [Abstract]
Gross amount	56	57
Accumulated amortization	(51)	(49)
Other [Member]
Identifiable intangible assets [Abstract]
Gross amount	80	80
Accumulated amortization	$ (80)	$ (80)

Accrued liabilities (Details)

Accrued liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Accrued liabilities [Abstract]
Salaries and compensation related	$ 1,541	$ 1,817
Warranty	174	192
Professional and consulting	465	231
Other	861	525
Accrued liabilities	$ 3,041	$ 2,765

Retirement savings plan (Detail

Retirement savings plan (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Retirement savings plan [Abstract]
Employer matching contribution percentage	50.00%
Employee's contribution percentage for match	6.00%
Amount of matching contribution	$ 305	$ 237	$ 264

Borrowings (Details)

Borrowings (Details) - TD Bank [Member] - Revolving Credit Facility [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Nov. 21, 2017	Nov. 20, 2017
Credit Facility [Abstract]
Maximum borrowing capacity	$ 20,000
Percentage fee on unused borrowings	0.125%
Loans used to fund future cash dividend payments or treasury share buybacks		$ 12,500	$ 10,000
Balance outstanding	$ 0
Prime Rate [Member]
Credit Facility [Abstract]
Basis spread on variable rate	(1.00%)

Stock incentive plans, Stock in

Stock incentive plans, Stock incentive plans (Details)	12 Months Ended
	Dec. 31, 2019Planshares
Stock incentive plans [Abstract]
Number of primary stock incentive plans | Plan	2
Stock Options [Member]
Stock incentive plans [Abstract]
Exercise prices of options granted equals percentage of fair market value of common stock	100.00%
Term of award	10 years
Stock Options [Member] | Minimum [Member]
Stock incentive plans [Abstract]
Vesting period	2 years
Stock Options [Member] | Maximum [Member]
Stock incentive plans [Abstract]
Vesting period	5 years
2014 Equity Incentive Plan [Member]
Stock incentive plans [Abstract]
Number of shares authorized (in shares)	1,400,000
Number of shares available for grant (in shares)	332,541
2014 Equity Incentive Plan [Member] | Stock Options [Member]
Stock incentive plans [Abstract]
Term of award	10 years

Stock incentive plans, Assumpti

Stock incentive plans, Assumptions used in option valuation calculations (Details) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Stock Options [Member]
Assumptions used in valuation model [Abstract]
Term of award	10 years
2014 Equity Incentive Plan [Member]
Assumptions used in valuation model [Abstract]
Expected option term	6 years 9 months 18 days	6 years 9 months 18 days	6 years 9 months 18 days
Expected volatility	38.80%	38.00%	36.20%
Risk-free interest rate	2.60%	2.70%	2.10%
Dividend yield	3.50%	2.60%	4.30%
2014 Equity Incentive Plan [Member] | Stock Options [Member]
Assumptions used in valuation model [Abstract]
Weighted average fair value of grants (in dollars per share)	$ 3.01	$ 4.38	$ 1.95
Term of award	10 years
2014 Equity Incentive Plan [Member] | Restricted Share Units [Member]
Assumptions used in valuation model [Abstract]
Weighted average fair value of grants (in dollars per share)	$ 10.46	$ 12.91	$ 7.53

Stock incentive plans, Share-ba

Stock incentive plans, Share-based compensation expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based compensation [Abstract]
Income tax benefit from share-based compensation expense	$ 152	$ 138	$ 134
General and Administrative Expense [Member]
Share-based compensation [Abstract]
Share-based compensation expense	$ 692	$ 629	$ 609

Stock incentive plans, Stock op

Stock incentive plans, Stock options (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Remaining Term [Abstract]
Unrecognized compensation cost related to stock options	$ 1,481,000
Weighted average period to recognize compensation cost not yet recognized	2 years 1 month 6 days
Intrinsic value of stock options exercised		$ 280,000	$ 958,000
Fair value of all awards vested	$ 1,600,000	1,100,000	1,100,000
Cash received from exercise of stock options	$ 0	416,000	1,043,000
Excess tax benefit in provision for income taxes		$ 17,000	$ 150,000
2005 Equity Incentive Plan and 2014 Equity Incentive Plan [Member] | Stock Options [Member]
Number of Shares [Roll Forward]
Outstanding, beginning of period (in shares)	1,004,293
Granted (in shares)	180,675
Exercised (in shares)	0
Forfeited (in shares)	(36,625)
Expired (in shares)	(5,875)
Outstanding, end of period (in shares)	1,142,468	1,004,293
Options vested or expected to vest (in shares)	1,142,468
Options exercisable, end of period (in shares)	730,500
Weighted Average Exercise Price [Abstract]
Outstanding, beginning of period (in dollars per share)	$ 9
Granted (in dollars per share)	10.31
Exercised (in dollars per share)	0
Forfeited (in dollars per share)	8.72
Expired (in dollars per share)	6.05
Outstanding, end of period (in dollars per share)	9.23	$ 9
Options vested or expected to vest (in dollars per share)	9.23
Options exercisable, end of period (in dollars per share)	$ 8.62
Aggregate Intrinsic Value [Abstract]
Options vested and expected to vest	$ 2,441,000
Options exercisable, end of period	$ 1,888,000
Remaining Term [Abstract]
Options vested and expected to vest	5 years 8 months 12 days
Options exercisable, end of period	4 years 1 month 6 days
2005 Equity Incentive Plan and 2014 Equity Incentive Plan [Member] | Restricted Share Units [Member]
Number of Shares [Roll Forward]
Options vested or expected to vest (in shares)	90,575
Weighted Average Exercise Price [Abstract]
Options vested or expected to vest (in dollars per share)	$ 0
Number of Units [Roll Forward]
Outstanding, beginning of period (in shares)	98,600
Granted (in shares)	58,050
Exercised (in shares)	(45,167)
Forfeited (in shares)	(20,908)
Expired (in shares)	0
Outstanding, end of period (in shares)	90,575	98,600
Weighted Average Grant Stock Price [Abstract]
Outstanding, beginning of period (in dollars per share)	$ 9.82
Granted (in dollars per share)	10.44
Exercised (in dollars per share)	9.16
Forfeited (in dollars per share)	12.12
Expired (in dollars per share)	0
Outstanding, end of period (in dollars per share)	$ 10.46	$ 9.82
Aggregate Intrinsic Value [Abstract]
Restricted stock units vested and expected to vest	$ 994,000
Remaining Term [Abstract]
Restricted stock units vested and expected to vest	2 years 6 months

Income taxes, Components of inc

Income taxes, Components of income tax provision (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Current [Abstract]
Federal	$ 58	$ 1,049	$ 2,379
State	51	85	114
Foreign	36	13	(49)
Income taxes current	145	1,147	2,444
Deferred [Abstract]
Federal	(205)	(117)	1,097
State	5	10	20
Foreign	(94)	0	0
Income taxes deferred	(294)	(107)	1,117
Income tax provision (benefit)	$ (149)	$ 1,040	$ 3,561
Income taxes [Abstract]
U.S. corporate income tax rate	21.00%	21.00%	34.00%
Undistributed foreign E&P			$ 0
Income tax expense related to undistributed foreign subsidiary E&P			0
Provisional income tax expense			1,300
Income taxes [Abstract]
Foreign loss before taxes	$ 515	$ 286	$ 563
Federal [Member]
Income taxes [Abstract]
Net operating loss carryforward	0
State [Member]
Income taxes [Abstract]
Net operating loss carryforward	0
Tax credit carryforward	0
R&D Credit [Member]
Income taxes [Abstract]
Tax credit carryforward	$ 111
Maximum [Member]
Income taxes [Abstract]
U.S. corporate income tax rate			35.00%

Income taxes, Deferred tax asse

Income taxes, Deferred tax assets and liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Deferred tax assets [Abstract]
Foreign net operating losses	$ 538	$ 390
Depreciation	165	71
Inventory reserves	916	879
Deferred revenue	58	16
Warranty reserve	47	60
Stock compensation expense	701	682
Other accrued compensation	226	233
R&D credit carryforward	111	0
Other liabilities and reserves	276	278
Gross deferred tax assets	3,038	2,609
Valuation allowance	(444)	(390)
Net deferred tax assets	2,594	2,219
Deferred tax liabilities [Abstract]
Other	29	21
Net deferred tax liabilities	29	21
Total net deferred tax assets	$ 2,565	$ 2,198

Income taxes, Valuation allowan

Income taxes, Valuation allowance on deferred tax assets (Details) - Foreign Net Operating Loss Carryforwards [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Valuation allowance [Roll Forward]
Balance, beginning of period	$ 390	$ 328	$ 423
Additions charged to income tax provision	54	62	67
Reductions credited to income tax provision	0	0	(162)
Balance, end of period	$ 444	$ 390	$ 328

Income taxes, Effective tax rat

Income taxes, Effective tax rate reconciliation (Details)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Effective Tax Rate Reconciliation [Abstract]
Federal statutory tax rate	21.00%	21.00%	34.00%
Valuation allowance and tax accruals	14.80%	1.00%	1.60%
State income taxes, net of federal income taxes	12.00%	1.20%	1.30%
Business meals and entertainment	5.40%	0.40%	0.40%
Miscellaneous permanent items	1.40%	0.30%	(0.90%)
Uncertain tax positions	1.00%	(0.00%)	(0.10%)
Stock option cancellations	0.80%	0.00%	1.70%
U.S. corporate tax rate change	0.00%	0.00%	19.40%
Foreign-derived intangible income deduction	(5.40%)	(1.50%)	(0.00%)
Stock award excess tax benefit	(8.40%)	(1.50%)	(1.40%)
R&D credit	(83.20%)	(4.90%)	(3.30%)
Other	0.00%	0.10%	(0.10%)
Effective tax rate	(40.60%)	16.10%	52.60%

Income taxes, Unrecognized tax

Income taxes, Unrecognized tax benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income taxes [Abstract]
Unrecognized tax benefits that would favorably affect effective income tax rate if recognized	$ 107	$ 104
Unrecognized tax benefits [Roll Forward]
Unrecognized tax benefits, beginning of period	104	104
Tax positions taken during the current period	28	28
Lapse of statute of limitations	(25)	(28)
Unrecognized tax benefits, end of period	107	104
Expected decrease in unrecognized tax benefits in next year	27
Accrued interest and penalties related to uncertain tax positions	$ 18	$ 17

Earnings per share (Details)

Earnings per share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Earnings per share [Abstract]
Net income	$ (800)	$ 384	$ 186	$ 746	$ 962	$ 2,574	$ 1,210	$ 680	$ 516	$ 5,426	$ 3,211
Shares [Abstract]
Basic: Weighted average common shares outstanding (in shares)									7,466	7,444	7,423
Add: Dilutive effect of outstanding equity awards as determined by the treasury stock method (in shares)									211	315	169
Diluted: Weighted average common and common equivalent shares outstanding (in shares)									7,677	7,759	7,592
Net income per common share [Abstract]
Basic (in dollars per share)	$ (0.11)	$ 0.05	$ 0.02	$ 0.10	$ 0.13	$ 0.35	$ 0.16	$ 0.09	$ 0.07	$ 0.73	$ 0.43
Diluted (in dollars per share)	$ (0.11)	$ 0.05	$ 0.02	$ 0.10	$ 0.12	$ 0.33	$ 0.16	$ 0.09	$ 0.07	$ 0.70	$ 0.42
Stock Awards [Member]
Earnings per share [Abstract]
Anti-dilutive securities excluded from computation of earnings per dilutive share (in shares)									447	149	341

Stock repurchase program (Detai

Stock repurchase program (Details) - USD ($) $ / shares in Units, $ in Thousands	10 Months Ended	12 Months Ended	22 Months Ended	180 Months Ended
	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2017	Dec. 31, 2019	Mar. 01, 2018
Stock repurchase program [Abstract]
Authorized value of common stock to be repurchased					$ 5,000
Common stock repurchased (in shares)				4,044,842
Value of common stock repurchased				$ 32,110
Average purchase price of common stock repurchased (in dollars per share)				$ 7.94
2018 Stock Repurchase Program [Member]
Stock repurchase program [Abstract]
Common stock repurchased (in shares)	156,410	0
Value of common stock repurchased	$ 2,000
Average purchase price of common stock repurchased (in dollars per share)	$ 12.79
2016 Stock Repurchase Program [Member]
Stock repurchase program [Abstract]
Common stock repurchased (in shares)			36,465
Value of common stock repurchased			$ 358
Average purchase price of common stock repurchased (in dollars per share)			$ 9.84

Geographic area information (De

Geographic area information (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Geographical area information [Abstract]
Net sales	$ 11,162	$ 11,686	$ 11,350	$ 11,550	$ 11,755	$ 15,838	$ 14,751	$ 12,243	$ 45,748	$ 54,587	$ 56,311
Fixed assets, net	2,244				2,272				2,244	2,272	2,169
United States [Member]
Geographical area information [Abstract]
Net sales									35,332	43,518	48,720
International [Member]
Geographical area information [Abstract]
Net sales									$ 10,416	$ 11,069	$ 7,591
Sales [Member] | Geographic Concentration Risk [Member] | International [Member]
Geographical area information [Abstract]
Concentration risk percentage									23.00%	20.00%	14.00%
Sales [Member] | Geographic Concentration Risk [Member] | Europe [Member]
Geographical area information [Abstract]
Concentration risk percentage									44.00%	56.00%	44.00%
Sales [Member] | Geographic Concentration Risk [Member] | Pacific Rim [Member]
Geographical area information [Abstract]
Concentration risk percentage									46.00%	36.00%	32.00%
Sales [Member] | Geographic Concentration Risk [Member] | Canada [Member]
Geographical area information [Abstract]
Concentration risk percentage									8.00%	6.00%	18.00%
Reportable Geographical Components [Member] | United States [Member]
Geographical area information [Abstract]
Net sales									$ 35,332	$ 43,518	$ 48,720
Fixed assets, net	1,326				1,767				1,326	1,767	1,548
Reportable Geographical Components [Member] | International [Member]
Geographical area information [Abstract]
Net sales									10,416	11,069	7,591
Fixed assets, net	$ 918				$ 505				$ 918	$ 505	$ 621

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Leases [Abstract]
Operating lease expense	$ 1,000	$ 1,100	$ 1,100
Cash Flows Related to Operating Leases [Abstract]
Operating cash flows from leases	$ 1,031
Operating Lease Weighted Average Remaining Lease Term and Discount Rate [Abstract]
Weighted average remaining lease term	5 years
Weighted average discount rate	3.70%
Maturity of Operating Lease Liabilities [Abstract]
2020	$ 1,042
2021	711
2022	434
2023	268
2024	273
Thereafter	616
Total undiscounted lease payments	3,344
Less imputed interest	295
Total lease liabilities	$ 3,049
Future Minimum Rental Commitments Under Non-Cancelable Operating Leases [Abstract]
Total undiscounted rental commitments		4,300
2019		1,000
2020		1,000
2021		700
2022		400
2023		300
Thereafter		$ 900

Quarterly results of operatio_3

Quarterly results of operations (unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Quarterly results of operations (unaudited) [Abstract]
Net sales	$ 11,162	$ 11,686	$ 11,350	$ 11,550	$ 11,755	$ 15,838	$ 14,751	$ 12,243	$ 45,748	$ 54,587	$ 56,311
Gross profit	4,599	5,546	5,704	6,086	5,886	8,004	6,991	5,862	21,935	26,743	26,662
Net income (loss)	$ (800)	$ 384	$ 186	$ 746	$ 962	$ 2,574	$ 1,210	$ 680	$ 516	$ 5,426	$ 3,211
Net income per common share:
Basic (in dollars per share)	$ (0.11)	$ 0.05	$ 0.02	$ 0.10	$ 0.13	$ 0.35	$ 0.16	$ 0.09	$ 0.07	$ 0.73	$ 0.43
Diluted (in dollars per share)	$ (0.11)	$ 0.05	$ 0.02	$ 0.10	$ 0.12	$ 0.33	$ 0.16	$ 0.09	$ 0.07	$ 0.70	$ 0.42

Subsequent events (Details)

Subsequent events (Details) - USD ($)	Mar. 13, 2020	Feb. 28, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Note Receivable [Abstract]
Issuance of note receivable			$ 1,000,000	$ 0	$ 0
Outstanding principal balance of note receivable			$ 1,017,000	$ 0
Subsequent Event [Member]
Lease [Abstract]
Extension period for leases		4 years
Note Receivable [Abstract]
Issuance of note receivable	$ 600,000
Outstanding principal balance of note receivable	1,600,000
Subsequent Event [Member] | Revolving Credit Facility [Member] | Siena Lending Group LLC [Member]
Credit Facility [Abstract]
Maximum borrowing capacity	$ 10,000,000
Interest rate	6.50%
Closing fee payable	$ 63,000
Percentage of closing fee payable on closing date	50.00%
Percentage of closing fee payable on first anniversary of closing date	50.00%
Percentage fee on unused borrowings	0.50%
Percentage of eligible accounts receivable	85.00%
Eligible inventory	$ 5,000,000
Percentage of eligible raw material and finished good inventory	50.00%
Subsequent Event [Member] | Revolving Credit Facility [Member] | Siena Lending Group LLC [Member] | Prime Rate [Member]
Credit Facility [Abstract]
Basis spread on variable rate	1.75%
Subsequent Event [Member] | Revolving Credit Facility [Member] | Siena Lending Group LLC [Member] | Federal Funds Rate [Member]
Credit Facility [Abstract]
Basis spread on variable rate	2.25%