0000706698
10-K
true
2021-12-31
--12-31
false
001-12575
UTAH MEDICAL PRODUCTS INC
UT
87-0342734
7043 South 300 West
Midvale
UT
84047
801
566-1200
Common stock, $0.01 par value
UTMD
NASDAQ
No
No
Yes
Yes
Non-accelerated Filer
true
false
false
false
286135700
3654987
<b>The Company’s definitive proxy statement for the Annual Meeting of Stockholders is incorporated by reference into Part III, Item 10, 11, 12, 13 and 14 of this Form 10-K.</b>
false
2021
FY
Haynie & Company
Salt Lake City, Utah
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<p style='margin:0'><font style='border-bottom:1px solid #000000'>Note 1 – Summary of Significant Accounting Policies</font></p><p style='margin:0'> </p><p style='margin:0'><font style='border-bottom:1px solid #000000'>Organization</font></p><p style='margin:0'> </p><p style='margin:0'>Utah Medical Products, Inc. with headquarters in Midvale, Utah and its wholly-owned operating subsidiaries, Femcare Limited located in Romsey, Hampshire, England, Femcare Australia Pty Ltd located in Castle Hill, NSW, Australia, Utah Medical Products Canada, Inc. (dba Femcare Canada) located in Mississauga, Ontario, Canada and Utah Medical Products Ltd., which operates a manufacturing facility in Athlone, Ireland, (in the aggregate, the Company) are in the primary business of developing, manufacturing and globally distributing specialized medical devices for the healthcare industry. The Company’s broad range of products includes those used in critical care areas and the labor and delivery departments of hospitals, as well as outpatient clinics and physicians’ offices. Products are sold directly to end-user facilities in the U.S., Ireland, UK, Canada, France and Australia, and through third party distributors in other outside the U.S. (OUS) markets. Domestically, until February 1, 2019, Femcare had an exclusive U.S. distribution relationship with CooperSurgical, Inc. (CSI) for the Filshie Clip System. UTMD also sells subcontract manufactured components and finished products to over 150 companies in the U.S. for their medical and non-medical products.</p><p style='margin:0'> </p><p style='margin:0'><font style='border-bottom:1px solid #000000'>Use of Estimates in the Preparation of Financial Statements</font></p><p style='margin:0'> </p><p style='margin:0'>The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Although actual results could differ from those estimates, management believes it has considered and disclosed all relevant information in making its estimates that materially affect reported performance and current values.</p><p style='margin:0'> </p><p style='margin:0'><font style='border-bottom:1px solid #000000'>Principles of Consolidation</font></p><p style='margin:0'> </p><p style='margin:0'>The consolidated financial statements include those of the Company and its subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. </p><p style='margin:0'> </p><p style='margin:0'> </p><p style='margin:0'><font style='border-bottom:1px solid #000000'>Cash and Cash Equivalents</font></p><p style='margin:0'> </p><p style='margin:0'>For purposes of the consolidated statement of cash flows, the Company considers cash on deposit and short-term investments with original maturities of three months or less to be cash and cash equivalents.</p><p style='margin:0'> </p><p style='margin:0'> </p><p style='margin:0'><font style='border-bottom:1px solid #000000'>Concentration of Credit Risk</font></p><p style='margin:0'> </p><p style='margin:0'>The primary concentration of credit risk consists of trade receivables. In the normal course of business, the Company provides credit terms to its customers. Accordingly, the Company performs ongoing credit evaluations of its customers and maintains allowances for possible losses which, when realized, have been within the range of management's expectations as reflected by its reserves. </p><p style='margin:0'> </p><p style='margin:0'>The Company's customer base consists of hospitals, medical device distributors, physician practices and others directly related to healthcare providers, as well as other manufacturing companies. Although the Company is affected by the well-being of the global healthcare industry, management does not believe significant trade receivable credit risk exists at December 31, 2021 except under an extreme global financial crisis.</p><p style='margin:0'>The Company maintains its cash in bank deposit accounts in addition to Fidelity Investment money market accounts. The Company has not experienced any losses in such accounts and believes it is not exposed to a significant credit risk on cash and cash equivalent balances. </p><p style='margin:0'> </p><p style='margin:0'> </p><p style='margin:0'><font style='border-bottom:1px solid #000000'>Accounts Receivable</font></p><p style='margin:0'> </p><p style='margin:0'>Accounts receivable are amounts due on product sales and are unsecured. Accounts receivable are carried at their estimated collectible amounts. Credit is generally extended on a short-term basis; thus, accounts receivable do not bear interest although a late charge may be applied to such receivables that are past the due date. Accounts receivable are periodically evaluated for collectability based on past credit history of customers and current market conditions. Provisions for losses on accounts receivable are determined on the basis of loss experience, known and inherent risk in the account balance and current economic conditions (see note 2).</p><p style='margin:0'> </p><p style='margin:0'> </p><p style='margin:0'><font style='border-bottom:1px solid #000000'>Inventories</font></p><p style='margin:0'> </p><p style='margin:0'>Finished products, work-in-process, raw materials and supplies inventories are stated at the lower of cost and net realizable value (NRV) computed on a first-in, first-out method. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation (see note 2). </p><p style='margin:0'> </p><p style='margin:0'> </p><p style='margin:0'><font style='border-bottom:1px solid #000000'>Property and Equipment</font></p><p style='margin:0'> </p><p style='margin:0'>Property and equipment are stated at cost. Depreciation and amortization are computed using the straight-line method over estimated useful lives as follows:</p><p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td colspan="2" valign="top" style='width:391.5pt'><p align="center" style='margin:0'> </p></td></tr><tr align="left"><td valign="top" style='width:298.8pt'><p style='margin:0'>Building and improvements</p></td><td valign="middle" style='width:92.7pt'><p align="center" style='margin:0'>15 - 40 years</p></td></tr><tr align="left"><td valign="top" style='width:298.8pt'><p style='margin:0'>Furniture, equipment and tooling</p></td><td valign="middle" style='width:92.7pt'><p align="center" style='margin:0'>3 - 10 years</p></td></tr></table><p style='margin:0'> </p><p style='margin:0'> </p><p style='margin:0'> </p><p style='margin:0'> </p><p style='margin:0'> </p><p style='margin:0'><font style='border-bottom:1px solid #000000'>Long-Lived Assets</font></p><p style='margin:0'> </p><p style='margin:0'>The Company evaluates its long-lived assets in accordance with Accounting Standards Codification (ASC) 360, “Accounting for the Impairment of Long-Lived Assets.” Long-lived assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that their net book value may not be recoverable. When such factors and circumstances exist, the Company compares the projected undiscounted future cash flows associated with the related asset or group of assets over their estimated useful lives against their respective carrying amounts. Impairment, if any, is based on the excess of the carrying amount over the fair value of those assets and is recorded in the period in which the determination was made. </p><p style='margin:0'> </p><p style='margin:0'> </p><p style='margin:0'><font style='border-bottom:1px solid #000000'>Intangible Assets</font></p><p style='margin:0'> </p><p style='margin:0'>Costs associated with the acquisition of patents, trademarks, trade names, customer relationships, regulatory approvals & product certifications, license rights and non-compete agreements are capitalized, and are being amortized using the straight-line method over periods ranging from 5 to 20 years. UTMD’s goodwill is tested for impairment annually, in the fourth quarter of each year, in accordance with ASC 350. UTMD also performs impairment tests contemporaneously, if circumstances change that would more than likely reduce the fair value of goodwill below its net book value. If UTMD determines that its goodwill is impaired, a second step is completed to measure the amount of the impairment loss. UTMD does not expect its goodwill to become impaired in the foreseeable future. Estimated future amortization expenses on intangible assets held as of December 31, 2021, using the 2021 year-end 1.3536 USD/GBP and.7268 USD/AUD currency exchange rates, is about $6,542 in 2022, $5,805 in 2023, $2,121 in 2024, $2,121 in 2025, and $463 in 2026 (see note 2).</p><p style='margin:0'> </p><p style='margin:0'>In 2019, $21,000 in intangible assets were acquired from CSI. The future amortization expenses on those assets are estimated to be $4,421 per year in 2022, and $3,684 in 2023 (see note 15).</p><p style='margin:0'> </p><p style='margin:0'><font style='border-bottom:1px solid #000000'>Stock-Based Compensation </font></p><p style='margin:0'> </p><p style='margin:0'>At December 31, 2021, the Company has stock-based employee compensation plans, which are described more fully in note 8. The Company accounts for stock compensation under ASC 718, <i>Share-Based Payment</i>. This statement requires the Company to recognize compensation cost based on the grant date fair value of options granted to employees and directors. In 2021, the Company recognized $166 in stock-based compensation cost compared to $160 in 2020 and $113 in 2019.</p><p style='margin:0'> </p><p style='margin:0'> </p><p style='margin:0'><font style='border-bottom:1px solid #000000'>Revenue Recognition</font></p><p style='margin:0'> </p><p style='margin:0'>The Company recognizes revenue at the time of product shipment as UTMD meets its contractual performance obligations to the customer at the time of shipment. Revenue recognized by UTMD is based upon the consideration to which UTMD is entitled from its customers as a result of shipping a physical product, in accordance with the documented arrangements and fixed contracts in which the selling price was fixed prior to the Company’s acceptance of an order. Revenue from service sales, which are immaterial to UTMD, is generally recognized when the service is completed and invoiced. As demonstrated by decades of experience in successful and consistent collections, there is very minor and insignificant uncertainty regarding the collectability of invoiced amounts reasonably within the terms of the Company’s contracts. There are circumstances under which insignificant revenue may be recognized when product is not shipped, which meet the criteria of ASC 606: the Company provides engineering services, for example, design and production of manufacturing tooling that may be used in subsequent UTMD manufacturing of custom components for other companies. This revenue is recognized when UTMD’s performance obligations have been completed according to a fixed contractual agreement. UTMD includes handling fees charged to customers in revenues. </p><p style='margin:0'> </p><p style='margin:0'> </p><p style='margin:0'><font style='border-bottom:1px solid #000000'>Income Taxes</font></p><p style='margin:0'> </p><p style='margin:0'>The Company accounts for income taxes under ASC 740, “Accounting for Income Taxes,” whereby deferred taxes are computed under the asset and liability method. </p><p style='margin:0'> </p><p style='margin:0'>The Company accounts for deferred taxes under ASC 740, “Accounting for Income Taxes,” which requires that all deferred income taxes are classified as noncurrent in a classified statement of financial position.</p><p style='margin:0'> </p><p style='margin:0'>The TCJA contains a deemed repatriation transition tax (REPAT tax) on accumulated earnings and profits of the Company’s non-U.S. subsidiaries that have not been subject to U.S. tax. The Company has elected to pay its net REPAT tax over eight years. </p><p style='margin:0'> </p><p style='margin:0'>The Company or one of its subsidiaries files income tax returns in the U.S. federal jurisdiction, in Utah, in the United Kingdom, in Australia, in Ireland and in Canada. </p><p style='margin:0'> </p><p style='margin:0'>The Company recognizes interest accrued related to unrecognized tax benefits in interest expense and any related penalties in income taxes. The Company did not recognize any tax-related interest expense or have any tax penalties in 2019 or 2021. In 2020 the Company paid tax penalties of $4. </p><p style='margin:0'> </p><p style='margin:0'> </p><p style='margin:0'><font style='border-bottom:1px solid #000000'>Legal Costs</font></p><p style='margin:0'> </p><p style='margin:0'>The Company has been involved in lawsuits which are an expected consequence of its operations and in the ordinary course of business. The Company maintains a reserve for legal costs which are probable and estimated based on previous experience and known risk. The reserve for legal costs at December 31, 2021 and 2020 was $96 and $113, respectively (see note 2).</p><p style='margin:0'> </p><p style='margin:0'> </p><p style='margin:0'><font style='border-bottom:1px solid #000000'>Earnings per Share</font></p><p style='margin:0'> </p><p style='margin:0'>The computation of basic earnings per common share is based on the weighted average number of shares outstanding during each year. </p><p style='margin:0'> </p><p style='margin:0'>The computation of earnings per common share assuming dilution is based on the weighted average number of shares outstanding during the year plus the weighted average common stock equivalents which would arise from the exercise of stock options outstanding using the treasury stock method and the average market price per share during the year.</p><p style='margin:0'> </p><p style='margin-top:0pt;margin-bottom:6pt'>The shares (in thousands) used in the computation of the Company’s basic and diluted earnings per share are reconciled as follows:</p><p style='margin-top:0pt;margin-bottom:6pt'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:960.75pt'><p style='margin:0'> </p></td><td valign="top" style='width:104.2pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2021</p></td><td valign="top" style='width:69.45pt'><p style='margin:0'> </p></td><td valign="top" style='width:104.2pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2020</p></td><td valign="top" style='width:69.45pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:104.2pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2019</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:960.75pt'><p style='margin:0'> Weighted average number of shares outstanding – basic</p></td><td valign="top" bgcolor="#CCEEFF" style='width:104.2pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>3,647</p></td><td valign="top" bgcolor="#CCEEFF" style='width:69.45pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:104.2pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>3,658</p></td><td valign="top" bgcolor="#CCEEFF" style='width:69.45pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:104.2pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>3,721</p></td></tr><tr align="left"><td valign="top" style='width:960.75pt'><p style='margin:0'> Dilutive effect of stock options</p></td><td valign="top" style='width:104.2pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>13</p></td><td valign="top" style='width:69.45pt'><p style='margin:0'> </p></td><td valign="top" style='width:104.2pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>14</p></td><td valign="top" style='width:69.45pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:104.2pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>18</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:960.75pt'><p style='margin:0'> Weighted average number of shares outstanding, assuming dilution</p></td><td valign="top" bgcolor="#CCEEFF" style='width:104.2pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>3,660</p></td><td valign="top" bgcolor="#CCEEFF" style='width:69.45pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:104.2pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>3,672</p></td><td valign="top" bgcolor="#CCEEFF" style='width:69.45pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:104.2pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>3,739</p></td></tr></table><p style='margin:0'> </p><p style='margin:0'><font style='border-bottom:1px solid #000000'>Presentation of Sales and Similar Taxes</font></p><p style='margin:0'> </p><p style='margin:0'>Sales tax on revenue-producing transactions is recorded as a liability when the sale occurs. UTMD is not required to withhold sales tax on OUS sales, and at least 90% of domestic 2021 sales were to customers who are tax exempt or who are in jurisdictions where UTMD is not required to withhold sales tax.</p><p style='margin:0'> </p><p style='margin:0'> </p><p style='margin:0'><font style='border-bottom:1px solid #000000'>Translation of Foreign Currencies</font></p><p style='margin:0'> </p><p style='margin:0'>Assets and liabilities of the Company’s foreign subsidiaries are translated into U.S. dollars at the applicable exchange rates at year-end. Net gains or losses resulting from the translation of the Company’s assets and liabilities are reflected as a separate component of stockholders’ equity. A negative translation impact on stockholders’ equity reflects a current relative U.S. Dollar value higher than at the point in time that assets were actually acquired in a foreign currency. A positive translation impact would result from a U.S. dollar weaker in value than at the point in time foreign assets were acquired. Year-end translation gains or losses of non-functional currency bank account balances, e.g. EUR and AUD balances held by the UK subsidiary, are recognized as non-operating income or expense, as applicable.</p><p style='margin:0'> </p><p style='margin:0'>Income and expense items are translated at the weighted average rate of exchange (based on when transactions actually occurred) during the year. </p>
<p style='margin:0'><font style='border-bottom:1px solid #000000'>Use of Estimates in the Preparation of Financial Statements</font></p><p style='margin:0'> </p><p style='margin:0'>The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Although actual results could differ from those estimates, management believes it has considered and disclosed all relevant information in making its estimates that materially affect reported performance and current values.</p>
<p style='margin:0'><font style='border-bottom:1px solid #000000'>Principles of Consolidation</font></p><p style='margin:0'> </p><p style='margin:0'>The consolidated financial statements include those of the Company and its subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. </p>
<p style='margin:0'><font style='border-bottom:1px solid #000000'>Cash and Cash Equivalents</font></p><p style='margin:0'> </p><p style='margin:0'>For purposes of the consolidated statement of cash flows, the Company considers cash on deposit and short-term investments with original maturities of three months or less to be cash and cash equivalents.</p>
<p style='margin:0'><font style='border-bottom:1px solid #000000'>Concentration of Credit Risk</font></p><p style='margin:0'> </p><p style='margin:0'>The primary concentration of credit risk consists of trade receivables. In the normal course of business, the Company provides credit terms to its customers. Accordingly, the Company performs ongoing credit evaluations of its customers and maintains allowances for possible losses which, when realized, have been within the range of management's expectations as reflected by its reserves. </p><p style='margin:0'> </p><p style='margin:0'>The Company's customer base consists of hospitals, medical device distributors, physician practices and others directly related to healthcare providers, as well as other manufacturing companies. Although the Company is affected by the well-being of the global healthcare industry, management does not believe significant trade receivable credit risk exists at December 31, 2021 except under an extreme global financial crisis.</p><p style='margin:0'>The Company maintains its cash in bank deposit accounts in addition to Fidelity Investment money market accounts. The Company has not experienced any losses in such accounts and believes it is not exposed to a significant credit risk on cash and cash equivalent balances. </p>
<p style='margin:0'><font style='border-bottom:1px solid #000000'>Accounts Receivable</font></p><p style='margin:0'> </p><p style='margin:0'>Accounts receivable are amounts due on product sales and are unsecured. Accounts receivable are carried at their estimated collectible amounts. Credit is generally extended on a short-term basis; thus, accounts receivable do not bear interest although a late charge may be applied to such receivables that are past the due date. Accounts receivable are periodically evaluated for collectability based on past credit history of customers and current market conditions. Provisions for losses on accounts receivable are determined on the basis of loss experience, known and inherent risk in the account balance and current economic conditions (see note 2).</p>
<p style='margin:0'><font style='border-bottom:1px solid #000000'>Inventories</font></p><p style='margin:0'> </p><p style='margin:0'>Finished products, work-in-process, raw materials and supplies inventories are stated at the lower of cost and net realizable value (NRV) computed on a first-in, first-out method. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation (see note 2). </p>
<p style='margin:0'><font style='border-bottom:1px solid #000000'>Property and Equipment</font></p><p style='margin:0'> </p><p style='margin:0'>Property and equipment are stated at cost. Depreciation and amortization are computed using the straight-line method over estimated useful lives as follows:</p><p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td colspan="2" valign="top" style='width:391.5pt'><p align="center" style='margin:0'> </p></td></tr><tr align="left"><td valign="top" style='width:298.8pt'><p style='margin:0'>Building and improvements</p></td><td valign="middle" style='width:92.7pt'><p align="center" style='margin:0'>15 - 40 years</p></td></tr><tr align="left"><td valign="top" style='width:298.8pt'><p style='margin:0'>Furniture, equipment and tooling</p></td><td valign="middle" style='width:92.7pt'><p align="center" style='margin:0'>3 - 10 years</p></td></tr></table><p style='margin:0'> </p><p style='margin:0'> </p>
P15Y
P40Y
P3Y
P10Y
<p style='margin:0'><font style='border-bottom:1px solid #000000'>Long-Lived Assets</font></p><p style='margin:0'> </p><p style='margin:0'>The Company evaluates its long-lived assets in accordance with Accounting Standards Codification (ASC) 360, “Accounting for the Impairment of Long-Lived Assets.” Long-lived assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that their net book value may not be recoverable. When such factors and circumstances exist, the Company compares the projected undiscounted future cash flows associated with the related asset or group of assets over their estimated useful lives against their respective carrying amounts. Impairment, if any, is based on the excess of the carrying amount over the fair value of those assets and is recorded in the period in which the determination was made. </p>
<p style='margin:0'><font style='border-bottom:1px solid #000000'>Intangible Assets</font></p><p style='margin:0'> </p><p style='margin:0'>Costs associated with the acquisition of patents, trademarks, trade names, customer relationships, regulatory approvals & product certifications, license rights and non-compete agreements are capitalized, and are being amortized using the straight-line method over periods ranging from 5 to 20 years. UTMD’s goodwill is tested for impairment annually, in the fourth quarter of each year, in accordance with ASC 350. UTMD also performs impairment tests contemporaneously, if circumstances change that would more than likely reduce the fair value of goodwill below its net book value. If UTMD determines that its goodwill is impaired, a second step is completed to measure the amount of the impairment loss. UTMD does not expect its goodwill to become impaired in the foreseeable future. Estimated future amortization expenses on intangible assets held as of December 31, 2021, using the 2021 year-end 1.3536 USD/GBP and.7268 USD/AUD currency exchange rates, is about $6,542 in 2022, $5,805 in 2023, $2,121 in 2024, $2,121 in 2025, and $463 in 2026 (see note 2).</p><p style='margin:0'> </p><p style='margin:0'>In 2019, $21,000 in intangible assets were acquired from CSI. The future amortization expenses on those assets are estimated to be $4,421 per year in 2022, and $3,684 in 2023 (see note 15).</p>
P5Y
P20Y
1.3536
0.7268
6542000
5805000
2121000
2121000
463000
21000000
4421000
3684000
<p style='margin:0'><font style='border-bottom:1px solid #000000'>Stock-Based Compensation </font></p><p style='margin:0'> </p><p style='margin:0'>At December 31, 2021, the Company has stock-based employee compensation plans, which are described more fully in note 8. The Company accounts for stock compensation under ASC 718, <i>Share-Based Payment</i>. This statement requires the Company to recognize compensation cost based on the grant date fair value of options granted to employees and directors. In 2021, the Company recognized $166 in stock-based compensation cost compared to $160 in 2020 and $113 in 2019.</p>
<p style='margin:0'><font style='border-bottom:1px solid #000000'>Revenue Recognition</font></p><p style='margin:0'> </p><p style='margin:0'>The Company recognizes revenue at the time of product shipment as UTMD meets its contractual performance obligations to the customer at the time of shipment. Revenue recognized by UTMD is based upon the consideration to which UTMD is entitled from its customers as a result of shipping a physical product, in accordance with the documented arrangements and fixed contracts in which the selling price was fixed prior to the Company’s acceptance of an order. Revenue from service sales, which are immaterial to UTMD, is generally recognized when the service is completed and invoiced. As demonstrated by decades of experience in successful and consistent collections, there is very minor and insignificant uncertainty regarding the collectability of invoiced amounts reasonably within the terms of the Company’s contracts. There are circumstances under which insignificant revenue may be recognized when product is not shipped, which meet the criteria of ASC 606: the Company provides engineering services, for example, design and production of manufacturing tooling that may be used in subsequent UTMD manufacturing of custom components for other companies. This revenue is recognized when UTMD’s performance obligations have been completed according to a fixed contractual agreement. UTMD includes handling fees charged to customers in revenues. </p>
<p style='margin:0'><font style='border-bottom:1px solid #000000'>Income Taxes</font></p><p style='margin:0'> </p><p style='margin:0'>The Company accounts for income taxes under ASC 740, “Accounting for Income Taxes,” whereby deferred taxes are computed under the asset and liability method. </p><p style='margin:0'> </p><p style='margin:0'>The Company accounts for deferred taxes under ASC 740, “Accounting for Income Taxes,” which requires that all deferred income taxes are classified as noncurrent in a classified statement of financial position.</p><p style='margin:0'> </p><p style='margin:0'>The TCJA contains a deemed repatriation transition tax (REPAT tax) on accumulated earnings and profits of the Company’s non-U.S. subsidiaries that have not been subject to U.S. tax. The Company has elected to pay its net REPAT tax over eight years. </p><p style='margin:0'> </p><p style='margin:0'>The Company or one of its subsidiaries files income tax returns in the U.S. federal jurisdiction, in Utah, in the United Kingdom, in Australia, in Ireland and in Canada. </p><p style='margin:0'> </p><p style='margin:0'>The Company recognizes interest accrued related to unrecognized tax benefits in interest expense and any related penalties in income taxes. The Company did not recognize any tax-related interest expense or have any tax penalties in 2019 or 2021. In 2020 the Company paid tax penalties of $4. </p>
4000
<p style='margin:0'><font style='border-bottom:1px solid #000000'>Legal Costs</font></p><p style='margin:0'> </p><p style='margin:0'>The Company has been involved in lawsuits which are an expected consequence of its operations and in the ordinary course of business. The Company maintains a reserve for legal costs which are probable and estimated based on previous experience and known risk. The reserve for legal costs at December 31, 2021 and 2020 was $96 and $113, respectively (see note 2).</p>
96000
113000
<p style='margin:0'><font style='border-bottom:1px solid #000000'>Earnings per Share</font></p><p style='margin:0'> </p><p style='margin:0'>The computation of basic earnings per common share is based on the weighted average number of shares outstanding during each year. </p><p style='margin:0'> </p><p style='margin:0'>The computation of earnings per common share assuming dilution is based on the weighted average number of shares outstanding during the year plus the weighted average common stock equivalents which would arise from the exercise of stock options outstanding using the treasury stock method and the average market price per share during the year.</p><p style='margin:0'> </p><p style='margin-top:0pt;margin-bottom:6pt'>The shares (in thousands) used in the computation of the Company’s basic and diluted earnings per share are reconciled as follows:</p><p style='margin-top:0pt;margin-bottom:6pt'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:960.75pt'><p style='margin:0'> </p></td><td valign="top" style='width:104.2pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2021</p></td><td valign="top" style='width:69.45pt'><p style='margin:0'> </p></td><td valign="top" style='width:104.2pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2020</p></td><td valign="top" style='width:69.45pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:104.2pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2019</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:960.75pt'><p style='margin:0'> Weighted average number of shares outstanding – basic</p></td><td valign="top" bgcolor="#CCEEFF" style='width:104.2pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>3,647</p></td><td valign="top" bgcolor="#CCEEFF" style='width:69.45pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:104.2pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>3,658</p></td><td valign="top" bgcolor="#CCEEFF" style='width:69.45pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:104.2pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>3,721</p></td></tr><tr align="left"><td valign="top" style='width:960.75pt'><p style='margin:0'> Dilutive effect of stock options</p></td><td valign="top" style='width:104.2pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>13</p></td><td valign="top" style='width:69.45pt'><p style='margin:0'> </p></td><td valign="top" style='width:104.2pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>14</p></td><td valign="top" style='width:69.45pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:104.2pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>18</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:960.75pt'><p style='margin:0'> Weighted average number of shares outstanding, assuming dilution</p></td><td valign="top" bgcolor="#CCEEFF" style='width:104.2pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>3,660</p></td><td valign="top" bgcolor="#CCEEFF" style='width:69.45pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:104.2pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>3,672</p></td><td valign="top" bgcolor="#CCEEFF" style='width:69.45pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:104.2pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>3,739</p></td></tr></table>
<p style='margin-top:0pt;margin-bottom:6pt'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:960.75pt'><p style='margin:0'> </p></td><td valign="top" style='width:104.2pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2021</p></td><td valign="top" style='width:69.45pt'><p style='margin:0'> </p></td><td valign="top" style='width:104.2pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2020</p></td><td valign="top" style='width:69.45pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:104.2pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2019</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:960.75pt'><p style='margin:0'> Weighted average number of shares outstanding – basic</p></td><td valign="top" bgcolor="#CCEEFF" style='width:104.2pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>3,647</p></td><td valign="top" bgcolor="#CCEEFF" style='width:69.45pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:104.2pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>3,658</p></td><td valign="top" bgcolor="#CCEEFF" style='width:69.45pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:104.2pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>3,721</p></td></tr><tr align="left"><td valign="top" style='width:960.75pt'><p style='margin:0'> Dilutive effect of stock options</p></td><td valign="top" style='width:104.2pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>13</p></td><td valign="top" style='width:69.45pt'><p style='margin:0'> </p></td><td valign="top" style='width:104.2pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>14</p></td><td valign="top" style='width:69.45pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:104.2pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>18</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:960.75pt'><p style='margin:0'> Weighted average number of shares outstanding, assuming dilution</p></td><td valign="top" bgcolor="#CCEEFF" style='width:104.2pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>3,660</p></td><td valign="top" bgcolor="#CCEEFF" style='width:69.45pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:104.2pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>3,672</p></td><td valign="top" bgcolor="#CCEEFF" style='width:69.45pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:104.2pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>3,739</p></td></tr></table>
<p style='margin:0'><font style='border-bottom:1px solid #000000'>Presentation of Sales and Similar Taxes</font></p><p style='margin:0'> </p><p style='margin:0'>Sales tax on revenue-producing transactions is recorded as a liability when the sale occurs. UTMD is not required to withhold sales tax on OUS sales, and at least 90% of domestic 2021 sales were to customers who are tax exempt or who are in jurisdictions where UTMD is not required to withhold sales tax.</p>
<p style='margin:0'><font style='border-bottom:1px solid #000000'>Translation of Foreign Currencies</font></p><p style='margin:0'> </p><p style='margin:0'>Assets and liabilities of the Company’s foreign subsidiaries are translated into U.S. dollars at the applicable exchange rates at year-end. Net gains or losses resulting from the translation of the Company’s assets and liabilities are reflected as a separate component of stockholders’ equity. A negative translation impact on stockholders’ equity reflects a current relative U.S. Dollar value higher than at the point in time that assets were actually acquired in a foreign currency. A positive translation impact would result from a U.S. dollar weaker in value than at the point in time foreign assets were acquired. Year-end translation gains or losses of non-functional currency bank account balances, e.g. EUR and AUD balances held by the UK subsidiary, are recognized as non-operating income or expense, as applicable.</p><p style='margin:0'> </p><p style='margin:0'>Income and expense items are translated at the weighted average rate of exchange (based on when transactions actually occurred) during the year. </p>
<p style='margin:0'><font style='border-bottom:1px solid #000000'>Note 2 – Detail of Certain Balance Sheet Accounts</font></p><p style='margin:0'> </p><p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:1041.1pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.2pt'><p align="center" style='margin:0'> </p></td><td colspan="4" valign="bottom" style='width:343.95pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>December 31,</p></td></tr><tr align="left"><td valign="top" style='width:1041.1pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.2pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:101.8pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2021</p></td><td valign="top" style='width:113.15pt;border-top:0.5pt solid #000000'><p style='margin:0'> </p></td><td valign="top" style='width:27.2pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:101.8pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2020</p></td></tr><tr align="left"><td valign="top" style='width:1041.1pt'><p style='margin:0'>Accounts and other receivables:</p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:113.15pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'> </p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:1041.1pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd>Accounts receivable </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.2pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt'><p align="right" style='margin:0'>5,287</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.15pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.2pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt'><p align="right" style='margin:0'>4,224</p></td></tr><tr align="left"><td valign="top" style='width:1041.1pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd>Accrued interest and other </p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt'><p align="right" style='margin:0'>39</p></td><td valign="top" style='width:113.15pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt'><p align="right" style='margin:0'>14</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:1041.1pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd>Less allowance for doubtful accounts </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>(156)</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.15pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>(134)</p></td></tr><tr align="left"><td valign="top" style='width:1041.1pt'><p style='margin:0'><kbd style='margin-left:46.8pt'></kbd>Total accounts and other receivables </p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:101.8pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>5,170</p></td><td valign="top" style='width:113.15pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:101.8pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>4,104</p></td></tr></table><p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:1041.1pt'><p style='margin:0'>Inventories:</p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt'><p align="right" style='margin:0'>.</p></td><td valign="top" style='width:113.15pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt'></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:1041.1pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd>Finished products </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.2pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt'><p align="right" style='margin:0'>1,468</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.15pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.2pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt'><p align="right" style='margin:0'>1,363</p></td></tr><tr align="left"><td valign="top" style='width:1041.1pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd>Work-in-process </p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt'><p align="right" style='margin:0'>1,398</p></td><td valign="top" style='width:113.15pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt'><p align="right" style='margin:0'>1,375</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:1041.1pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd>Raw materials </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>3,730</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.15pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>3,484</p></td></tr><tr align="left"><td valign="top" style='width:1041.1pt'><p style='margin:0'><kbd style='margin-left:46.8pt'></kbd>Total inventories </p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:101.8pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>6,596</p></td><td valign="top" style='width:113.15pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:101.8pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>6,222</p></td></tr></table><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:1041.1pt'><p style='margin:0'>Goodwill:</p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt'></td><td valign="top" style='width:113.15pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt'></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:1041.1pt'><p style='margin:0'>Balance as of January 1</p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.2pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt'><p align="right" style='margin:0'>14,164</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.15pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.2pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt'><p align="right" style='margin:0'>13,961</p></td></tr><tr align="left"><td valign="top" style='width:1041.1pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd>Effect of foreign exchange </p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt'><p align="right" style='margin:0'>(66)</p></td><td valign="top" style='width:113.15pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt'><p align="right" style='margin:0'>203</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:1041.1pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd>Subtractions as a result of impairment </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>-</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.15pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>-</p></td></tr><tr align="left"><td valign="top" style='width:1041.1pt'><p style='margin:0'><kbd style='margin-left:46.8pt'></kbd>Total Goodwill as of December 31 </p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:101.8pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>14,098</p></td><td valign="top" style='width:113.15pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:101.8pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>14,164</p></td></tr></table><p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:1041.2pt'><p style='margin:0'>Other identifiable intangible assets:</p></td><td valign="top" style='width:26.9pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.05pt'></td><td valign="top" style='width:113.2pt'><p style='margin:0'> </p></td><td valign="top" style='width:26.85pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.05pt'></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:1041.2pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd>Patents </p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.9pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.05pt'><p align="right" style='margin:0'>2,212</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.2pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.85pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.05pt'><p align="right" style='margin:0'>2,201</p></td></tr><tr align="left"><td valign="top" style='width:1041.2pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd>Non-compete agreements </p></td><td valign="top" style='width:26.9pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.05pt'><p align="right" style='margin:0'>135</p></td><td valign="top" style='width:113.2pt'><p style='margin:0'> </p></td><td valign="top" style='width:26.85pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.05pt'><p align="right" style='margin:0'>137</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:1041.2pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd>Trademarks & trade names </p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.9pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.05pt'><p align="right" style='margin:0'>9,930</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.2pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.85pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.05pt'><p align="right" style='margin:0'>10,021</p></td></tr><tr align="left"><td valign="top" style='width:1041.2pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd>Customer relationships </p></td><td valign="top" style='width:26.9pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.05pt'><p align="right" style='margin:0'>9,678</p></td><td valign="top" style='width:113.2pt'><p style='margin:0'> </p></td><td valign="top" style='width:26.85pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.05pt'><p align="right" style='margin:0'>9,769</p></td></tr><tr align="left"><td valign="top" style='width:1041.2pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd> Distribution agreements </p></td><td valign="top" style='width:26.9pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.05pt'><p align="right" style='margin:0'>21,000</p></td><td valign="top" style='width:113.2pt'><p style='margin:0'> </p></td><td valign="top" style='width:26.85pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.05pt'><p align="right" style='margin:0'>21,000</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:1041.2pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd>Regulatory approvals & product certifications </p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.9pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.05pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>12,910</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.2pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.85pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.05pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>13,031</p></td></tr><tr align="left"><td valign="top" style='width:1041.2pt'><p style='margin:0'><kbd style='margin-left:46.8pt'></kbd>Total Other Identifiable Intangible Assets </p></td><td valign="top" style='width:26.9pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.05pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>55,865</p></td><td valign="top" style='width:113.2pt'><p style='margin:0'> </p></td><td valign="top" style='width:26.85pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.05pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>56,159</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:1041.2pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd>Accumulated amortization </p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.9pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.05pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>(38,552)</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.2pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.85pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.05pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>(32,166)</p></td></tr><tr align="left"><td valign="top" style='width:1041.2pt'><p style='margin:0'><kbd style='margin-left:46.8pt'></kbd> Other Identifiable Intangible Assets, Net </p></td><td valign="top" style='width:26.9pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:102.05pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>17,313</p></td><td valign="top" style='width:113.2pt'><p style='margin:0'> </p></td><td valign="top" style='width:26.85pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:102.05pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>23,993</p></td></tr></table><p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:1041.1pt'><p style='margin:0'>Accrued expenses:</p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt'></td><td valign="top" style='width:113.15pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt'></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:1041.1pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd>Income taxes payable </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.2pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt'><p align="right" style='margin:0'>36</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.15pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.2pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt'><p align="right" style='margin:0'>3</p></td></tr><tr align="left"><td valign="top" style='width:1041.1pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd>Payroll and payroll taxes </p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt'><p align="right" style='margin:0'>1,225</p></td><td valign="top" style='width:113.15pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt'><p align="right" style='margin:0'>946</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:1041.1pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd>Reserve for litigation costs </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt'><p align="right" style='margin:0'>96</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.15pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt'><p align="right" style='margin:0'>113</p></td></tr><tr align="left"><td valign="top" style='width:1041.1pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd>Other </p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>1,627</p></td><td valign="top" style='width:113.15pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>1,941</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:1041.1pt'><p style='margin:0'><kbd style='margin-left:46.8pt'></kbd>Total accrued expenses </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.2pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>2,984</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.15pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.2pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>3,003</p></td></tr></table>
<p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:1041.1pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.2pt'><p align="center" style='margin:0'> </p></td><td colspan="4" valign="bottom" style='width:343.95pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>December 31,</p></td></tr><tr align="left"><td valign="top" style='width:1041.1pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.2pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:101.8pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2021</p></td><td valign="top" style='width:113.15pt;border-top:0.5pt solid #000000'><p style='margin:0'> </p></td><td valign="top" style='width:27.2pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:101.8pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2020</p></td></tr><tr align="left"><td valign="top" style='width:1041.1pt'><p style='margin:0'>Accounts and other receivables:</p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:113.15pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'> </p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:1041.1pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd>Accounts receivable </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.2pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt'><p align="right" style='margin:0'>5,287</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.15pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.2pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt'><p align="right" style='margin:0'>4,224</p></td></tr><tr align="left"><td valign="top" style='width:1041.1pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd>Accrued interest and other </p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt'><p align="right" style='margin:0'>39</p></td><td valign="top" style='width:113.15pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt'><p align="right" style='margin:0'>14</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:1041.1pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd>Less allowance for doubtful accounts </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>(156)</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.15pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>(134)</p></td></tr><tr align="left"><td valign="top" style='width:1041.1pt'><p style='margin:0'><kbd style='margin-left:46.8pt'></kbd>Total accounts and other receivables </p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:101.8pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>5,170</p></td><td valign="top" style='width:113.15pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:101.8pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>4,104</p></td></tr></table>
5287000
4224000
39000
14000
156000
134000
5170000
4104000
<p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:1041.1pt'><p style='margin:0'>Inventories:</p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt'><p align="right" style='margin:0'>.</p></td><td valign="top" style='width:113.15pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt'></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:1041.1pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd>Finished products </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.2pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt'><p align="right" style='margin:0'>1,468</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.15pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.2pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt'><p align="right" style='margin:0'>1,363</p></td></tr><tr align="left"><td valign="top" style='width:1041.1pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd>Work-in-process </p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt'><p align="right" style='margin:0'>1,398</p></td><td valign="top" style='width:113.15pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt'><p align="right" style='margin:0'>1,375</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:1041.1pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd>Raw materials </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>3,730</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.15pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>3,484</p></td></tr><tr align="left"><td valign="top" style='width:1041.1pt'><p style='margin:0'><kbd style='margin-left:46.8pt'></kbd>Total inventories </p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:101.8pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>6,596</p></td><td valign="top" style='width:113.15pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:101.8pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>6,222</p></td></tr></table>
1468000
1363000
1398000
1375000
3730000
3484000
6596000
6222000
<table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:1041.1pt'><p style='margin:0'>Goodwill:</p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt'></td><td valign="top" style='width:113.15pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt'></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:1041.1pt'><p style='margin:0'>Balance as of January 1</p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.2pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt'><p align="right" style='margin:0'>14,164</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.15pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.2pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt'><p align="right" style='margin:0'>13,961</p></td></tr><tr align="left"><td valign="top" style='width:1041.1pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd>Effect of foreign exchange </p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt'><p align="right" style='margin:0'>(66)</p></td><td valign="top" style='width:113.15pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt'><p align="right" style='margin:0'>203</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:1041.1pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd>Subtractions as a result of impairment </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>-</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.15pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>-</p></td></tr><tr align="left"><td valign="top" style='width:1041.1pt'><p style='margin:0'><kbd style='margin-left:46.8pt'></kbd>Total Goodwill as of December 31 </p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:101.8pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>14,098</p></td><td valign="top" style='width:113.15pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:101.8pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>14,164</p></td></tr></table>
13961000
-66000
203000
0
0
14098000
14164000
<p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:1041.2pt'><p style='margin:0'>Other identifiable intangible assets:</p></td><td valign="top" style='width:26.9pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.05pt'></td><td valign="top" style='width:113.2pt'><p style='margin:0'> </p></td><td valign="top" style='width:26.85pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.05pt'></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:1041.2pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd>Patents </p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.9pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.05pt'><p align="right" style='margin:0'>2,212</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.2pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.85pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.05pt'><p align="right" style='margin:0'>2,201</p></td></tr><tr align="left"><td valign="top" style='width:1041.2pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd>Non-compete agreements </p></td><td valign="top" style='width:26.9pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.05pt'><p align="right" style='margin:0'>135</p></td><td valign="top" style='width:113.2pt'><p style='margin:0'> </p></td><td valign="top" style='width:26.85pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.05pt'><p align="right" style='margin:0'>137</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:1041.2pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd>Trademarks & trade names </p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.9pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.05pt'><p align="right" style='margin:0'>9,930</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.2pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.85pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.05pt'><p align="right" style='margin:0'>10,021</p></td></tr><tr align="left"><td valign="top" style='width:1041.2pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd>Customer relationships </p></td><td valign="top" style='width:26.9pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.05pt'><p align="right" style='margin:0'>9,678</p></td><td valign="top" style='width:113.2pt'><p style='margin:0'> </p></td><td valign="top" style='width:26.85pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.05pt'><p align="right" style='margin:0'>9,769</p></td></tr><tr align="left"><td valign="top" style='width:1041.2pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd> Distribution agreements </p></td><td valign="top" style='width:26.9pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.05pt'><p align="right" style='margin:0'>21,000</p></td><td valign="top" style='width:113.2pt'><p style='margin:0'> </p></td><td valign="top" style='width:26.85pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.05pt'><p align="right" style='margin:0'>21,000</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:1041.2pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd>Regulatory approvals & product certifications </p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.9pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.05pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>12,910</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.2pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.85pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.05pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>13,031</p></td></tr><tr align="left"><td valign="top" style='width:1041.2pt'><p style='margin:0'><kbd style='margin-left:46.8pt'></kbd>Total Other Identifiable Intangible Assets </p></td><td valign="top" style='width:26.9pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.05pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>55,865</p></td><td valign="top" style='width:113.2pt'><p style='margin:0'> </p></td><td valign="top" style='width:26.85pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.05pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>56,159</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:1041.2pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd>Accumulated amortization </p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.9pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.05pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>(38,552)</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.2pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.85pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.05pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>(32,166)</p></td></tr><tr align="left"><td valign="top" style='width:1041.2pt'><p style='margin:0'><kbd style='margin-left:46.8pt'></kbd> Other Identifiable Intangible Assets, Net </p></td><td valign="top" style='width:26.9pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:102.05pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>17,313</p></td><td valign="top" style='width:113.2pt'><p style='margin:0'> </p></td><td valign="top" style='width:26.85pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:102.05pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>23,993</p></td></tr></table>
2212000
2201000
135000
137000
9930000
10021000
9678000
9769000
21000000
21000000
12910000
13031000
55865000
56159000
38552000
32166000
17313000
23993000
<p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:1041.1pt'><p style='margin:0'>Accrued expenses:</p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt'></td><td valign="top" style='width:113.15pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt'></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:1041.1pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd>Income taxes payable </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.2pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt'><p align="right" style='margin:0'>36</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.15pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.2pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt'><p align="right" style='margin:0'>3</p></td></tr><tr align="left"><td valign="top" style='width:1041.1pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd>Payroll and payroll taxes </p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt'><p align="right" style='margin:0'>1,225</p></td><td valign="top" style='width:113.15pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt'><p align="right" style='margin:0'>946</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:1041.1pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd>Reserve for litigation costs </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt'><p align="right" style='margin:0'>96</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.15pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt'><p align="right" style='margin:0'>113</p></td></tr><tr align="left"><td valign="top" style='width:1041.1pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd>Other </p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>1,627</p></td><td valign="top" style='width:113.15pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>1,941</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:1041.1pt'><p style='margin:0'><kbd style='margin-left:46.8pt'></kbd>Total accrued expenses </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.2pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>2,984</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.15pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.2pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>3,003</p></td></tr></table>
36000
3000
1225000
946000
96000
113000
1627000
1941000
2984000
3003000
<p style='margin:0'><font style='border-bottom:1px solid #000000'>Note 3 – Quarterly Results of Operations (Unaudited)</font></p><p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:520.2pt'><p style='margin:0'> </p></td><td valign="top" style='width:29.6pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="center" style='margin:0'> </p></td><td colspan="10" valign="bottom" style='width:832.35pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Unaudited Quarterly Data for 2021</p></td></tr><tr align="left"><td valign="top" style='width:520.2pt'><p> </p></td><td valign="top" style='width:29.6pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>First Quarter</p></td><td valign="bottom" style='width:49.55pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:29.75pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Second Quarter</p></td><td valign="bottom" style='width:49.55pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:29.75pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Third Quarter</p></td><td valign="bottom" style='width:49.55pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:29.75pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:148.65pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Fourth Quarter</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:520.2pt'><p style='margin:0'>Net Sales</p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:30.1pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>10,964</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>12,604</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>12,572</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.65pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>12,914</p></td></tr><tr align="left"><td valign="top" style='width:520.2pt'><p style='margin:0'>Gross Profit</p></td><td valign="top" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>6,947</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>7,785</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>8,073</p></td><td valign="top" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.65pt'><p align="right" style='margin:0'>8,112</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:520.2pt'><p style='margin:0'>Net Income</p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:30.1pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt'><p align="right" style='margin:0'>3,024</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt'><p align="right" style='margin:0'>3,426</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt'><p align="right" style='margin:0'>4,206</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.65pt'><p align="right" style='margin:0'>4,131</p></td></tr><tr align="left"><td valign="top" style='width:520.2pt'><p style='margin:0'>Earnings Per Common Share (Diluted)</p></td><td valign="top" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>.83</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>.94</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>1.15</p></td><td valign="top" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.65pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>1.13</p></td></tr></table><p style='margin:0'> </p><p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:520.2pt'><p style='margin:0'> </p></td><td valign="top" style='width:29.6pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="center" style='margin:0'> </p></td><td colspan="10" valign="bottom" style='width:832.35pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Unaudited Quarterly Data for 2020</p></td></tr><tr align="left"><td valign="top" style='width:520.2pt'><p> </p></td><td valign="top" style='width:29.6pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>First Quarter</p></td><td valign="bottom" style='width:49.55pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:29.75pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Second Quarter</p></td><td valign="bottom" style='width:49.55pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:29.75pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Third Quarter</p></td><td valign="bottom" style='width:49.55pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:29.75pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:148.65pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Fourth Quarter</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:520.2pt'><p style='margin:0'>Net Sales</p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:30.1pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>10,902</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>8,787</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>10,479</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.65pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>12,010</p></td></tr><tr align="left"><td valign="top" style='width:520.2pt'><p style='margin:0'>Gross Profit</p></td><td valign="top" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>6,836</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>4,950</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>6,497</p></td><td valign="top" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.65pt'><p align="right" style='margin:0'>7,265</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:520.2pt'><p style='margin:0'>Net Income</p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:30.1pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt'><p align="right" style='margin:0'>3,140</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt'><p align="right" style='margin:0'>1,313</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt'><p align="right" style='margin:0'>2,933</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.65pt'><p align="right" style='margin:0'>3,412</p></td></tr><tr align="left"><td valign="top" style='width:520.2pt'><p style='margin:0'>Earnings Per Common Share (Diluted)</p></td><td valign="top" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>.84</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>.36</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>.80</p></td><td valign="top" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.65pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>.94</p></td></tr></table><p style='margin:0'> </p><p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:520.2pt'><p style='margin:0'> </p></td><td valign="top" style='width:29.6pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="center" style='margin:0'> </p></td><td colspan="10" valign="bottom" style='width:832.35pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Unaudited Quarterly Data for 2019</p></td></tr><tr align="left"><td valign="top" style='width:520.2pt'><p> </p></td><td valign="top" style='width:29.6pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>First Quarter</p></td><td valign="bottom" style='width:49.55pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:29.75pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Second Quarter</p></td><td valign="bottom" style='width:49.55pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:29.75pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Third Quarter</p></td><td valign="bottom" style='width:49.55pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:29.75pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:148.65pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Fourth Quarter</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:520.2pt'><p style='margin:0'>Net Sales</p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:30.1pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>10,732</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>11,846</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>12,494</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.65pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>11,831</p></td></tr><tr align="left"><td valign="top" style='width:520.2pt'><p style='margin:0'>Gross Profit</p></td><td valign="top" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>6,773</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>7,500</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>7,379</p></td><td valign="top" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.65pt'><p align="right" style='margin:0'>7,814</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:520.2pt'><p style='margin:0'>Net Income</p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:30.1pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt'><p align="right" style='margin:0'>3,139</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt'><p align="right" style='margin:0'>3,525</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt'><p align="right" style='margin:0'>3,705</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.65pt'><p align="right" style='margin:0'>4,359</p></td></tr><tr align="left"><td valign="top" style='width:520.2pt'><p style='margin:0'>Earnings Per Common Share (Diluted)</p></td><td valign="top" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>.84</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>.94</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>.99</p></td><td valign="top" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.65pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>1.17</p></td></tr></table><p style='margin:0'> </p><p style='margin:0'> </p>
<p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:520.2pt'><p style='margin:0'> </p></td><td valign="top" style='width:29.6pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="center" style='margin:0'> </p></td><td colspan="10" valign="bottom" style='width:832.35pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Unaudited Quarterly Data for 2021</p></td></tr><tr align="left"><td valign="top" style='width:520.2pt'><p> </p></td><td valign="top" style='width:29.6pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>First Quarter</p></td><td valign="bottom" style='width:49.55pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:29.75pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Second Quarter</p></td><td valign="bottom" style='width:49.55pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:29.75pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Third Quarter</p></td><td valign="bottom" style='width:49.55pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:29.75pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:148.65pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Fourth Quarter</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:520.2pt'><p style='margin:0'>Net Sales</p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:30.1pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>10,964</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>12,604</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>12,572</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.65pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>12,914</p></td></tr><tr align="left"><td valign="top" style='width:520.2pt'><p style='margin:0'>Gross Profit</p></td><td valign="top" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>6,947</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>7,785</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>8,073</p></td><td valign="top" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.65pt'><p align="right" style='margin:0'>8,112</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:520.2pt'><p style='margin:0'>Net Income</p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:30.1pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt'><p align="right" style='margin:0'>3,024</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt'><p align="right" style='margin:0'>3,426</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt'><p align="right" style='margin:0'>4,206</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.65pt'><p align="right" style='margin:0'>4,131</p></td></tr><tr align="left"><td valign="top" style='width:520.2pt'><p style='margin:0'>Earnings Per Common Share (Diluted)</p></td><td valign="top" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>.83</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>.94</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>1.15</p></td><td valign="top" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.65pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>1.13</p></td></tr></table><p style='margin:0'> </p><p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:520.2pt'><p style='margin:0'> </p></td><td valign="top" style='width:29.6pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="center" style='margin:0'> </p></td><td colspan="10" valign="bottom" style='width:832.35pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Unaudited Quarterly Data for 2020</p></td></tr><tr align="left"><td valign="top" style='width:520.2pt'><p> </p></td><td valign="top" style='width:29.6pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>First Quarter</p></td><td valign="bottom" style='width:49.55pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:29.75pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Second Quarter</p></td><td valign="bottom" style='width:49.55pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:29.75pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Third Quarter</p></td><td valign="bottom" style='width:49.55pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:29.75pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:148.65pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Fourth Quarter</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:520.2pt'><p style='margin:0'>Net Sales</p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:30.1pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>10,902</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>8,787</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>10,479</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.65pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>12,010</p></td></tr><tr align="left"><td valign="top" style='width:520.2pt'><p style='margin:0'>Gross Profit</p></td><td valign="top" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>6,836</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>4,950</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>6,497</p></td><td valign="top" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.65pt'><p align="right" style='margin:0'>7,265</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:520.2pt'><p style='margin:0'>Net Income</p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:30.1pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt'><p align="right" style='margin:0'>3,140</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt'><p align="right" style='margin:0'>1,313</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt'><p align="right" style='margin:0'>2,933</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.65pt'><p align="right" style='margin:0'>3,412</p></td></tr><tr align="left"><td valign="top" style='width:520.2pt'><p style='margin:0'>Earnings Per Common Share (Diluted)</p></td><td valign="top" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>.84</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>.36</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>.80</p></td><td valign="top" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.65pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>.94</p></td></tr></table><p style='margin:0'> </p><p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:520.2pt'><p style='margin:0'> </p></td><td valign="top" style='width:29.6pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="center" style='margin:0'> </p></td><td colspan="10" valign="bottom" style='width:832.35pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Unaudited Quarterly Data for 2019</p></td></tr><tr align="left"><td valign="top" style='width:520.2pt'><p> </p></td><td valign="top" style='width:29.6pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>First Quarter</p></td><td valign="bottom" style='width:49.55pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:29.75pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Second Quarter</p></td><td valign="bottom" style='width:49.55pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:29.75pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Third Quarter</p></td><td valign="bottom" style='width:49.55pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:29.75pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:148.65pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Fourth Quarter</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:520.2pt'><p style='margin:0'>Net Sales</p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:30.1pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>10,732</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>11,846</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>12,494</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.65pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>11,831</p></td></tr><tr align="left"><td valign="top" style='width:520.2pt'><p style='margin:0'>Gross Profit</p></td><td valign="top" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>6,773</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>7,500</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>7,379</p></td><td valign="top" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.65pt'><p align="right" style='margin:0'>7,814</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:520.2pt'><p style='margin:0'>Net Income</p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:30.1pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt'><p align="right" style='margin:0'>3,139</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt'><p align="right" style='margin:0'>3,525</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt'><p align="right" style='margin:0'>3,705</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.65pt'><p align="right" style='margin:0'>4,359</p></td></tr><tr align="left"><td valign="top" style='width:520.2pt'><p style='margin:0'>Earnings Per Common Share (Diluted)</p></td><td valign="top" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>.84</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>.94</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>.99</p></td><td valign="top" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.65pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>1.17</p></td></tr></table><p style='margin:0'> </p><p style='margin:0'> </p>
10964000
12604000
12572000
12914000
6947000
7785000
8073000
8112000
3024000
3426000
4206000
4131000
0.83
0.94
1.15
1.13
10902000
8787000
10479000
12010000
6836000
4950000
6497000
7265000
3140000
1313000
2933000
3412000
0.84
0.36
0.80
0.94
10732000
11846000
12494000
11831000
6773000
7500000
7379000
7814000
3139000
3525000
3705000
4359000
0.84
0.94
0.99
1.17
<p style='margin:0'><font style='border-bottom:1px solid #000000'>Note 4 – Property and Equipment</font></p><p style='margin:0'> </p><p style='margin:0'>Property and equipment consists of the following:</p><p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:406.95pt'><p style='margin:0'> </p></td><td valign="top" style='width:42.75pt'><p align="center" style='margin:0'> </p></td><td colspan="4" valign="bottom" style='width:241.05pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>December 31,</p></td></tr><tr align="left"><td valign="top" style='width:406.95pt'><p style='margin:0'> </p></td><td valign="top" style='width:42.75pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:97.3pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2021</p></td><td valign="top" style='width:1.95pt;border-top:0.5pt solid #000000'><p style='margin:0'> </p></td><td valign="top" style='width:42.75pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:99.05pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2020</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:406.95pt'><p style='margin:0'>Land</p></td><td valign="top" bgcolor="#CCEEFF" style='width:42.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:97.3pt'><p align="right" style='margin:0'>1,690</p></td><td valign="top" bgcolor="#CCEEFF" style='width:1.95pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:42.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:99.05pt'><p align="right" style='margin:0'>1,725</p></td></tr><tr align="left"><td valign="top" style='width:406.95pt'><p style='margin:0'>Buildings and improvements</p></td><td valign="top" style='width:42.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:97.3pt'><p align="right" style='margin:0'>14,172</p></td><td valign="top" style='width:1.95pt'><p style='margin:0'> </p></td><td valign="top" style='width:42.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:99.05pt'><p align="right" style='margin:0'>14,531</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:406.95pt'><p style='margin:0'>Furniture, equipment and tooling</p></td><td valign="top" bgcolor="#CCEEFF" style='width:42.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:97.3pt'><p align="right" style='margin:0'>16,660</p></td><td valign="top" bgcolor="#CCEEFF" style='width:1.95pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:42.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:99.05pt'><p align="right" style='margin:0'>16,750</p></td></tr><tr align="left"><td valign="top" style='width:406.95pt'><p style='margin:0'>Right-of-Use Asset</p></td><td valign="top" style='width:42.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:97.3pt'><p align="right" style='margin:0'>449</p></td><td valign="top" style='width:1.95pt'><p style='margin:0'> </p></td><td valign="top" style='width:42.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:99.05pt'><p align="right" style='margin:0'>377</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:406.95pt'><p style='margin:0'>Construction-in-progress</p></td><td valign="top" bgcolor="#CCEEFF" style='width:42.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:97.3pt'><p align="right" style='margin:0'>898</p></td><td valign="top" bgcolor="#CCEEFF" style='width:1.95pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:42.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:99.05pt'><p align="right" style='margin:0'>527</p></td></tr><tr align="left"><td valign="top" style='width:406.95pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd>Total </p></td><td valign="top" style='width:42.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:97.3pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>33,869</p></td><td valign="top" style='width:1.95pt'><p style='margin:0'> </p></td><td valign="top" style='width:42.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:99.05pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>33,910</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:406.95pt'><p style='margin:0'>Accumulated depreciation</p></td><td valign="top" bgcolor="#CCEEFF" style='width:42.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:97.3pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>(22,802)</p></td><td valign="top" bgcolor="#CCEEFF" style='width:1.95pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:42.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:99.05pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>(22,584)</p></td></tr><tr align="left"><td valign="top" style='width:406.95pt'><p style='margin:0'>Property and equipment, net</p></td><td valign="top" style='width:42.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:97.3pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>11,067</p></td><td valign="top" style='width:1.95pt'><p style='margin:0'> </p></td><td valign="top" style='width:42.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:99.05pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>11,326</p></td></tr></table><p style='margin:0'> </p><p style='margin:0'>Included in the Company’s consolidated balance sheet are the assets of its manufacturing and administrative facilities in Utah, Canada, England, Australia and Ireland. Property and equipment, by geographic area, are as follows:</p><p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:520.2pt'><p style='margin:0'> </p></td><td valign="top" style='width:29.6pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="center" style='margin:0'> </p></td><td colspan="10" valign="bottom" style='width:832.35pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>December 31, 2021</p></td></tr><tr align="left"><td valign="top" style='width:520.2pt'><p> </p></td><td valign="top" style='width:29.6pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>U.S. & Canada </p></td><td valign="bottom" style='width:49.55pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:29.75pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>England & Australia </p></td><td valign="bottom" style='width:49.55pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:29.75pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Ireland</p></td><td valign="bottom" style='width:49.55pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:29.75pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:148.65pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Total</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:520.2pt'><p style='margin:0'>Land</p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:30.1pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>621</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>678</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>391</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.65pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>1,690</p></td></tr><tr align="left"><td valign="top" style='width:520.2pt'><p style='margin:0'>Buildings and improvements</p></td><td valign="top" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>6,541</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>3,384</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>4,247</p></td><td valign="top" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.65pt'><p align="right" style='margin:0'>14,172</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:520.2pt'><p style='margin:0'>Furniture, equipment and tooling</p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:30.1pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt'><p align="right" style='margin:0'>14,608</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt'><p align="right" style='margin:0'>752</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt'><p align="right" style='margin:0'>1,300</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.65pt'><p align="right" style='margin:0'>16,660</p></td></tr><tr align="left"><td valign="top" style='width:520.2pt'><p style='margin:0'>Right-of-Use Asset</p></td><td valign="top" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>411</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>-</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>38</p></td><td valign="top" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.65pt'><p align="right" style='margin:0'>449</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:520.2pt'><p style='margin:0'>Construction-in-progress</p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:30.1pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt'><p align="right" style='margin:0'>412</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt'><p align="right" style='margin:0'>2</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt'><p align="right" style='margin:0'>484</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.65pt'><p align="right" style='margin:0'>898</p></td></tr><tr align="left"><td valign="top" style='width:520.2pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd>Total </p></td><td valign="top" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>22,593</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>4,816</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>6,460</p></td><td valign="top" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.65pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>33,869</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:520.2pt'><p style='margin:0'>Accumulated depreciation</p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:30.1pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>(18,168)</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>(1,164)</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>(3,470)</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.65pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>(22,802)</p></td></tr><tr align="left"><td valign="top" style='width:520.2pt'><p style='margin:0'>Property and equipment, net</p></td><td valign="top" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>4,425</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>3,652</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>2,990</p></td><td valign="top" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:148.65pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>11,067</p></td></tr></table><p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:520.25pt'><p style='margin:0'> </p></td><td valign="top" style='width:29.6pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="center" style='margin:0'> </p></td><td colspan="10" valign="bottom" style='width:832.3pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>December 31, 2020</p></td></tr><tr align="left"><td valign="top" style='width:520.25pt'><p> </p></td><td valign="top" style='width:29.6pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>U.S. & Canada </p></td><td valign="bottom" style='width:49.55pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:29.75pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>England & Australia </p></td><td valign="bottom" style='width:49.55pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:29.75pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Ireland</p></td><td valign="bottom" style='width:49.55pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:29.75pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Total</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:520.25pt'><p style='margin:0'>Land</p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:30.1pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>621</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>684</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>420</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>1,725</p></td></tr><tr align="left"><td valign="top" style='width:520.25pt'><p style='margin:0'>Buildings and improvements</p></td><td valign="top" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>6,523</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>3,443</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>4,565</p></td><td valign="top" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>14,531</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:520.25pt'><p style='margin:0'>Furniture, equipment and tooling</p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:30.1pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt'><p align="right" style='margin:0'>14,632</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt'><p align="right" style='margin:0'>761</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt'><p align="right" style='margin:0'>1,357</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt'><p align="right" style='margin:0'>16,750</p></td></tr><tr align="left"><td valign="top" style='width:520.25pt'><p style='margin:0'>Right-of-Use Asset</p></td><td valign="top" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>361</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>-</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>16</p></td><td valign="top" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>377</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:520.25pt'><p style='margin:0'>Construction-in-progress</p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:30.1pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>36</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>-</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>491</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>527</p></td></tr><tr align="left"><td valign="top" style='width:520.25pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd>Total </p></td><td valign="top" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>22,173</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>4,888</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>6,849</p></td><td valign="top" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>33,910</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:520.25pt'><p style='margin:0'>Accumulated depreciation</p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:30.1pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>(17,934)</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>(974)</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>(3,676)</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>(22,584)</p></td></tr><tr align="left"><td valign="top" style='width:520.25pt'><p style='margin:0'>Property and equipment, net</p></td><td valign="top" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>4,239</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>3,914</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>3,173</p></td><td valign="top" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>11,326</p></td></tr></table><p style='margin:0'> </p><p style='margin:0'> </p><p style='margin:0'> </p>
<p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:406.95pt'><p style='margin:0'> </p></td><td valign="top" style='width:42.75pt'><p align="center" style='margin:0'> </p></td><td colspan="4" valign="bottom" style='width:241.05pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>December 31,</p></td></tr><tr align="left"><td valign="top" style='width:406.95pt'><p style='margin:0'> </p></td><td valign="top" style='width:42.75pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:97.3pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2021</p></td><td valign="top" style='width:1.95pt;border-top:0.5pt solid #000000'><p style='margin:0'> </p></td><td valign="top" style='width:42.75pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:99.05pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2020</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:406.95pt'><p style='margin:0'>Land</p></td><td valign="top" bgcolor="#CCEEFF" style='width:42.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:97.3pt'><p align="right" style='margin:0'>1,690</p></td><td valign="top" bgcolor="#CCEEFF" style='width:1.95pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:42.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:99.05pt'><p align="right" style='margin:0'>1,725</p></td></tr><tr align="left"><td valign="top" style='width:406.95pt'><p style='margin:0'>Buildings and improvements</p></td><td valign="top" style='width:42.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:97.3pt'><p align="right" style='margin:0'>14,172</p></td><td valign="top" style='width:1.95pt'><p style='margin:0'> </p></td><td valign="top" style='width:42.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:99.05pt'><p align="right" style='margin:0'>14,531</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:406.95pt'><p style='margin:0'>Furniture, equipment and tooling</p></td><td valign="top" bgcolor="#CCEEFF" style='width:42.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:97.3pt'><p align="right" style='margin:0'>16,660</p></td><td valign="top" bgcolor="#CCEEFF" style='width:1.95pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:42.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:99.05pt'><p align="right" style='margin:0'>16,750</p></td></tr><tr align="left"><td valign="top" style='width:406.95pt'><p style='margin:0'>Right-of-Use Asset</p></td><td valign="top" style='width:42.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:97.3pt'><p align="right" style='margin:0'>449</p></td><td valign="top" style='width:1.95pt'><p style='margin:0'> </p></td><td valign="top" style='width:42.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:99.05pt'><p align="right" style='margin:0'>377</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:406.95pt'><p style='margin:0'>Construction-in-progress</p></td><td valign="top" bgcolor="#CCEEFF" style='width:42.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:97.3pt'><p align="right" style='margin:0'>898</p></td><td valign="top" bgcolor="#CCEEFF" style='width:1.95pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:42.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:99.05pt'><p align="right" style='margin:0'>527</p></td></tr><tr align="left"><td valign="top" style='width:406.95pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd>Total </p></td><td valign="top" style='width:42.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:97.3pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>33,869</p></td><td valign="top" style='width:1.95pt'><p style='margin:0'> </p></td><td valign="top" style='width:42.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:99.05pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>33,910</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:406.95pt'><p style='margin:0'>Accumulated depreciation</p></td><td valign="top" bgcolor="#CCEEFF" style='width:42.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:97.3pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>(22,802)</p></td><td valign="top" bgcolor="#CCEEFF" style='width:1.95pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:42.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:99.05pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>(22,584)</p></td></tr><tr align="left"><td valign="top" style='width:406.95pt'><p style='margin:0'>Property and equipment, net</p></td><td valign="top" style='width:42.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:97.3pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>11,067</p></td><td valign="top" style='width:1.95pt'><p style='margin:0'> </p></td><td valign="top" style='width:42.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:99.05pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>11,326</p></td></tr></table>
http://fasb.org/us-gaap/2021-01-31#PropertyPlantAndEquipmentNet
http://fasb.org/us-gaap/2021-01-31#PropertyPlantAndEquipmentNet
<p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:520.2pt'><p style='margin:0'> </p></td><td valign="top" style='width:29.6pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="center" style='margin:0'> </p></td><td colspan="10" valign="bottom" style='width:832.35pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>December 31, 2021</p></td></tr><tr align="left"><td valign="top" style='width:520.2pt'><p> </p></td><td valign="top" style='width:29.6pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>U.S. & Canada </p></td><td valign="bottom" style='width:49.55pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:29.75pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>England & Australia </p></td><td valign="bottom" style='width:49.55pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:29.75pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Ireland</p></td><td valign="bottom" style='width:49.55pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:29.75pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:148.65pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Total</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:520.2pt'><p style='margin:0'>Land</p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:30.1pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>621</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>678</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>391</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.65pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>1,690</p></td></tr><tr align="left"><td valign="top" style='width:520.2pt'><p style='margin:0'>Buildings and improvements</p></td><td valign="top" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>6,541</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>3,384</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>4,247</p></td><td valign="top" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.65pt'><p align="right" style='margin:0'>14,172</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:520.2pt'><p style='margin:0'>Furniture, equipment and tooling</p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:30.1pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt'><p align="right" style='margin:0'>14,608</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt'><p align="right" style='margin:0'>752</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt'><p align="right" style='margin:0'>1,300</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.65pt'><p align="right" style='margin:0'>16,660</p></td></tr><tr align="left"><td valign="top" style='width:520.2pt'><p style='margin:0'>Right-of-Use Asset</p></td><td valign="top" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>411</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>-</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>38</p></td><td valign="top" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.65pt'><p align="right" style='margin:0'>449</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:520.2pt'><p style='margin:0'>Construction-in-progress</p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:30.1pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt'><p align="right" style='margin:0'>412</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt'><p align="right" style='margin:0'>2</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt'><p align="right" style='margin:0'>484</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.65pt'><p align="right" style='margin:0'>898</p></td></tr><tr align="left"><td valign="top" style='width:520.2pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd>Total </p></td><td valign="top" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>22,593</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>4,816</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>6,460</p></td><td valign="top" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.65pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>33,869</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:520.2pt'><p style='margin:0'>Accumulated depreciation</p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:30.1pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>(18,168)</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>(1,164)</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>(3,470)</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.65pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>(22,802)</p></td></tr><tr align="left"><td valign="top" style='width:520.2pt'><p style='margin:0'>Property and equipment, net</p></td><td valign="top" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>4,425</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>3,652</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>2,990</p></td><td valign="top" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:148.65pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>11,067</p></td></tr></table><p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:520.25pt'><p style='margin:0'> </p></td><td valign="top" style='width:29.6pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="center" style='margin:0'> </p></td><td colspan="10" valign="bottom" style='width:832.3pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>December 31, 2020</p></td></tr><tr align="left"><td valign="top" style='width:520.25pt'><p> </p></td><td valign="top" style='width:29.6pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>U.S. & Canada </p></td><td valign="bottom" style='width:49.55pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:29.75pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>England & Australia </p></td><td valign="bottom" style='width:49.55pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:29.75pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Ireland</p></td><td valign="bottom" style='width:49.55pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:29.75pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Total</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:520.25pt'><p style='margin:0'>Land</p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:30.1pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>621</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>684</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>420</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>1,725</p></td></tr><tr align="left"><td valign="top" style='width:520.25pt'><p style='margin:0'>Buildings and improvements</p></td><td valign="top" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>6,523</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>3,443</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>4,565</p></td><td valign="top" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>14,531</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:520.25pt'><p style='margin:0'>Furniture, equipment and tooling</p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:30.1pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt'><p align="right" style='margin:0'>14,632</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt'><p align="right" style='margin:0'>761</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt'><p align="right" style='margin:0'>1,357</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt'><p align="right" style='margin:0'>16,750</p></td></tr><tr align="left"><td valign="top" style='width:520.25pt'><p style='margin:0'>Right-of-Use Asset</p></td><td valign="top" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>361</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>-</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>16</p></td><td valign="top" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt'><p align="right" style='margin:0'>377</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:520.25pt'><p style='margin:0'>Construction-in-progress</p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:30.1pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>36</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>-</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>491</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>527</p></td></tr><tr align="left"><td valign="top" style='width:520.25pt'><p style='margin:0'><kbd style='margin-left:19.8pt'></kbd>Total </p></td><td valign="top" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>22,173</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>4,888</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>6,849</p></td><td valign="top" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:148.6pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>33,910</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:520.25pt'><p style='margin:0'>Accumulated depreciation</p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:30.1pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>(17,934)</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>(974)</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>(3,676)</p></td><td valign="top" bgcolor="#CCEEFF" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:29.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:148.6pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>(22,584)</p></td></tr><tr align="left"><td valign="top" style='width:520.25pt'><p style='margin:0'>Property and equipment, net</p></td><td valign="top" style='width:29.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:30.1pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>4,239</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>3,914</p></td><td valign="top" style='width:49.55pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>3,173</p></td><td valign="top" style='width:49.55pt'><p style='margin:0'> </p></td><td valign="top" style='width:29.75pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:148.6pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>11,326</p></td></tr></table><p style='margin:0'> </p><p style='margin:0'> </p>
621000
678000
391000
1690000
6541000
3384000
4247000
14172000
14608000
752000
1300000
16660000
411000
0
38000
412000
2000
484000
898000
22593000
4816000
6460000
33869000
18168000
1164000
3470000
22802000
4425000
3652000
2990000
11067000
621000
684000
420000
1725000
6523000
3443000
4565000
14531000
14632000
761000
1357000
16750000
361000
0
16000
377000
36000
0
491000
527000
22173000
4888000
6849000
33910000
17934000
974000
3676000
22584000
4239000
3914000
3173000
11326000
<p style='margin:0'><font style='border-bottom:1px solid #000000'>Note 5 – Long-term Debt</font></p><p style='margin:0'> </p><p style='margin:0'>None in 2020 and 2021.</p>
0
0
<p style='margin-top:0pt;margin-bottom:6pt'><font style='border-bottom:1px solid #000000'>Note 6 – Commitments and Contingencies</font></p><p style='margin:0'><font style='border-bottom:1px solid #000000'>Purchase Obligations</font></p><p style='margin:0'> </p><p style='margin:0'>The Company has obligations to purchase raw materials for use in its manufacturing operations. The Company has the right to make changes in, among other things, purchase quantities, delivery schedules and order acceptance.</p><p style='margin:0'> </p><p style='margin:0'><font style='border-bottom:1px solid #000000'>Product Liability</font></p><p style='margin:0'> </p><p style='margin:0'>The Company is self-insured for product liability risk. “Product liability” is an insurance industry term for the cost of legal defense and possible damages awarded as a result of use of a company’s product during a procedure which results in an injury of a patient. The Company maintains a reserve for product liability litigation and damages consistent with its previous long-term experience. Actual product liability litigation costs and damages during the last three reporting years have been immaterial, which is consistent with the Company’s overall history. </p><p style='margin:0'> </p><p style='margin:0'>The Company absorbs the costs of clinical training and trouble-shooting in its on-going operating expenses.</p><p style='margin:0'> </p><p style='margin:0'><font style='border-bottom:1px solid #000000'>Warranty Reserve</font></p><p style='margin:0'> </p><p style='margin:0'>The Company’s published warranty is: “UTMD warrants its products to conform in all material respects to all published product specifications in effect on the date of shipment, and to be free from defects in material and workmanship for a period of thirty (30) days for supplies, or twenty-four (24) months for equipment, from date of shipment. During the warranty period UTMD shall, at its option, replace any products shown to UTMD's reasonable satisfaction to be defective at no expense to the Purchaser or refund the purchase price.” </p><p style='margin:0'> </p><p style='margin:0'>UTMD maintains a warranty reserve to provide for estimated costs which are likely to occur. The amount of this reserve is adjusted, as required, to reflect its actual experience. Based on its analysis of historical warranty claims and its estimate that existing warranty obligations are immaterial, no warranty reserve was made at December 31, 2021 or December 31, 2020. </p><p style='margin:0'> </p><p style='margin:0'><font style='border-bottom:1px solid #000000'>Litigation</font></p><p style='margin:0'> </p><p style='margin:0'>The Company has been involved in lawsuits which are an expected consequence of its operations and in the ordinary course of business. Presently, there is no litigation or threatened litigation for which the Company believes the outcome may be material to its financial results. The Company applies its accounting policy to accrue legal costs that can be reasonably estimated. </p>
0
0
<p style='margin:0'><font style='border-bottom:1px solid #000000'>Note 7 – Income Taxes </font></p><p style='margin:0'> </p><p style='margin:0'>Deferred tax assets (liabilities) consist of the following temporary differences:</p><p style='margin:0'> </p><table style='border-collapse:collapse;width:99.98%'><tr align="left"><td valign="top" style='width:795.65pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:27.35pt'><p align="right" style='margin:0'> </p></td><td colspan="7" valign="middle" style='width:588.95pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>December 31,</p></td></tr><tr align="left"><td valign="top" style='width:795.65pt'><p> </p></td><td valign="top" style='width:27.35pt'><p align="right" style='margin:0'> </p></td><td valign="middle" style='width:102.25pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2021</p></td><td valign="top" style='width:113.75pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:27.35pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'> </p></td><td valign="middle" style='width:102.25pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2020</p></td><td valign="top" style='width:113.75pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:27.35pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="middle" style='width:102.25pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2019</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:795.65pt'><p style='margin:0'>Inventory write-downs and differences due to UNICAP</p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.35pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.25pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>88</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.35pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.25pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>86</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.35pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.25pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>84</p></td></tr><tr align="left"><td valign="top" style='width:795.65pt'><p style='margin:0'>Allowance for doubtful accounts</p></td><td valign="top" style='width:27.35pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.25pt'><p align="right" style='margin:0'>31</p></td><td valign="top" style='width:113.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:27.35pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.25pt'><p align="right" style='margin:0'>32</p></td><td valign="top" style='width:113.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:27.35pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.25pt'><p align="right" style='margin:0'>33</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:795.65pt'><p style='margin:0'>Accrued liabilities and reserves</p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.35pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.25pt'><p align="right" style='margin:0'>58</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.35pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.25pt'><p align="right" style='margin:0'>68</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.35pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.25pt'><p align="right" style='margin:0'>55</p></td></tr><tr align="left"><td valign="top" style='width:795.65pt'><p style='margin:0'>Depreciation and amortization</p></td><td valign="top" style='width:27.35pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.25pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>(2,925)</p></td><td valign="top" style='width:113.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:27.35pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.25pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>(3,034)</p></td><td valign="top" style='width:113.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:27.35pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.25pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>(2,933)</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:795.65pt'><p style='margin:0'>Deferred income taxes, net</p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.35pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.25pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>(2,748)</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.35pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.25pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>(2,848)</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.35pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.25pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>(2,761)</p></td></tr></table><p style='margin:0'> </p><p style='margin:0'> </p><p style='margin:0'>The components of income tax expense are as follows:</p><p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:795.9pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="center" style='margin:0'> </p></td><td colspan="7" valign="top" style='width:589.05pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Years ended December 31,</p></td></tr><tr align="left"><td valign="top" style='width:795.9pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:102.35pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2021</p></td><td valign="top" style='width:113.7pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:102.35pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2020</p></td><td valign="top" style='width:113.7pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:102.35pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2019</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:795.9pt'><p style='margin:0'>Current</p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>3,983</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.7pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt'><p align="right" style='margin:0'>3,253</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.7pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt'><p align="right" style='margin:0'>3,467</p></td></tr><tr align="left"><td valign="top" style='width:795.9pt'><p style='margin:0'>Deferred</p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.35pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>290</p></td><td valign="top" style='width:113.7pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.35pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>(211)</p></td><td valign="top" style='width:113.7pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.35pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>(310)</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:795.9pt'><p style='margin:0'>Total</p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>4,273</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.7pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>3,042</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.7pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>3,157</p></td></tr></table><p style='margin:0'> </p><p style='margin:0'> </p><p style='margin:0'> </p><p style='margin:0'>Income tax expense differed from amounts computed by applying the statutory federal rate to pretax income as follows:</p><p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:795.9pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="center" style='margin:0'> </p></td><td colspan="7" valign="top" style='width:589.05pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Years ended December 31,</p></td></tr><tr align="left"><td valign="top" style='width:795.9pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:102.35pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2021</p></td><td valign="top" style='width:113.7pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:102.35pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2020</p></td><td valign="top" style='width:113.7pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:102.35pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2019</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:795.9pt'><p style='margin:0'>Federal income tax expense at the statutory rate</p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>2,520</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.7pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt'><p align="right" style='margin:0'>1,915</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.7pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt'><p align="right" style='margin:0'>2,512</p></td></tr><tr align="left"><td valign="top" style='width:795.9pt'><p style='margin:0'>State income taxes</p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.35pt'><p align="right" style='margin:0'>448</p></td><td valign="top" style='width:113.7pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.35pt'><p align="right" style='margin:0'>369</p></td><td valign="top" style='width:113.7pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.35pt'><p align="right" style='margin:0'>(124)</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:795.9pt'><p style='margin:0'>Foreign income taxes (blended rate)</p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt'><p align="right" style='margin:0'>1,010</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.7pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt'><p align="right" style='margin:0'>550</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.7pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt'><p align="right" style='margin:0'>985</p></td></tr><tr align="left"><td valign="top" style='width:795.9pt'><p style='margin:0'>ETI, manufacturing deduction and tax credits</p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.35pt'><p align="right" style='margin:0'>(6)</p></td><td valign="top" style='width:113.7pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.35pt'><p align="right" style='margin:0'>(7)</p></td><td valign="top" style='width:113.7pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.35pt'><p align="right" style='margin:0'>(9)</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:795.9pt'><p style='margin:0'>Deemed repatriation transition tax </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt'><p align="right" style='margin:0'>-</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.7pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt'><p align="right" style='margin:0'>263</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.7pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt'><p align="right" style='margin:0'>(266)</p></td></tr><tr align="left"><td valign="top" style='width:795.9pt'><p style='margin:0'>US Taxes on foreign income</p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.35pt'><p align="right" style='margin:0'>(99)</p></td><td valign="top" style='width:113.7pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.35pt'><p align="right" style='margin:0'>(35)</p></td><td valign="top" style='width:113.7pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.35pt'><p align="right" style='margin:0'>59</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:795.9pt'><p style='margin:0'>Change in Rate</p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt'><p align="right" style='margin:0'>391</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.7pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt'><p align="right" style='margin:0'>-</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.7pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt'><p align="right" style='margin:0'>-</p></td></tr><tr align="left"><td valign="top" style='width:795.9pt'><p style='margin:0'>Other</p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.35pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>9</p></td><td valign="top" style='width:113.7pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.35pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>(13)</p></td><td valign="top" style='width:113.7pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.35pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>-</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:795.9pt'><p style='margin:0'>Total</p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>4,273</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.7pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>3,042</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.7pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>3,157</p></td></tr></table><p style='margin:0'> </p><p style='margin:0'> </p><p style='margin:0'>The domestic and foreign components of income before income tax expense were as follows: </p><p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:795.9pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="center" style='margin:0'> </p></td><td colspan="7" valign="top" style='width:589.05pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Years ended December 31,</p></td></tr><tr align="left"><td valign="top" style='width:795.9pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:102.35pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2021</p></td><td valign="top" style='width:113.7pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:102.35pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2020</p></td><td valign="top" style='width:113.7pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:102.35pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2019</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:795.9pt'><p style='margin:0'>Domestic</p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>12,004</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.7pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt'><p align="right" style='margin:0'>9,031</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.7pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt'><p align="right" style='margin:0'>11,549</p></td></tr><tr align="left"><td valign="top" style='width:795.9pt'><p style='margin:0'>Foreign</p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.35pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>7,057</p></td><td valign="top" style='width:113.7pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.35pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>4,809</p></td><td valign="top" style='width:113.7pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.35pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>6,335</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:795.9pt'><p style='margin:0'>Total</p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>19,061</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.7pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>13,840</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.7pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>17,884</p></td></tr></table>
<p style='margin:0'> </p><table style='border-collapse:collapse;width:99.98%'><tr align="left"><td valign="top" style='width:795.65pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:27.35pt'><p align="right" style='margin:0'> </p></td><td colspan="7" valign="middle" style='width:588.95pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>December 31,</p></td></tr><tr align="left"><td valign="top" style='width:795.65pt'><p> </p></td><td valign="top" style='width:27.35pt'><p align="right" style='margin:0'> </p></td><td valign="middle" style='width:102.25pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2021</p></td><td valign="top" style='width:113.75pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:27.35pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'> </p></td><td valign="middle" style='width:102.25pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2020</p></td><td valign="top" style='width:113.75pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:27.35pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="middle" style='width:102.25pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2019</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:795.65pt'><p style='margin:0'>Inventory write-downs and differences due to UNICAP</p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.35pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.25pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>88</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.35pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.25pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>86</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.35pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.25pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>84</p></td></tr><tr align="left"><td valign="top" style='width:795.65pt'><p style='margin:0'>Allowance for doubtful accounts</p></td><td valign="top" style='width:27.35pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.25pt'><p align="right" style='margin:0'>31</p></td><td valign="top" style='width:113.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:27.35pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.25pt'><p align="right" style='margin:0'>32</p></td><td valign="top" style='width:113.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:27.35pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.25pt'><p align="right" style='margin:0'>33</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:795.65pt'><p style='margin:0'>Accrued liabilities and reserves</p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.35pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.25pt'><p align="right" style='margin:0'>58</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.35pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.25pt'><p align="right" style='margin:0'>68</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.35pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.25pt'><p align="right" style='margin:0'>55</p></td></tr><tr align="left"><td valign="top" style='width:795.65pt'><p style='margin:0'>Depreciation and amortization</p></td><td valign="top" style='width:27.35pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.25pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>(2,925)</p></td><td valign="top" style='width:113.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:27.35pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.25pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>(3,034)</p></td><td valign="top" style='width:113.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:27.35pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.25pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>(2,933)</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:795.65pt'><p style='margin:0'>Deferred income taxes, net</p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.35pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.25pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>(2,748)</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.35pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.25pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>(2,848)</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.35pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.25pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>(2,761)</p></td></tr></table>
88000
86000
84000
31000
32000
33000
58000
68000
55000
2925000
3034000
2933000
2748000
2848000
2761000
<p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:795.9pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="center" style='margin:0'> </p></td><td colspan="7" valign="top" style='width:589.05pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Years ended December 31,</p></td></tr><tr align="left"><td valign="top" style='width:795.9pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:102.35pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2021</p></td><td valign="top" style='width:113.7pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:102.35pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2020</p></td><td valign="top" style='width:113.7pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:102.35pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2019</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:795.9pt'><p style='margin:0'>Current</p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>3,983</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.7pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt'><p align="right" style='margin:0'>3,253</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.7pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt'><p align="right" style='margin:0'>3,467</p></td></tr><tr align="left"><td valign="top" style='width:795.9pt'><p style='margin:0'>Deferred</p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.35pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>290</p></td><td valign="top" style='width:113.7pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.35pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>(211)</p></td><td valign="top" style='width:113.7pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.35pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>(310)</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:795.9pt'><p style='margin:0'>Total</p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>4,273</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.7pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>3,042</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.7pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>3,157</p></td></tr></table>
3983000
3253000
3467000
290000
-211000
-310000
<p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:795.9pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="center" style='margin:0'> </p></td><td colspan="7" valign="top" style='width:589.05pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Years ended December 31,</p></td></tr><tr align="left"><td valign="top" style='width:795.9pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:102.35pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2021</p></td><td valign="top" style='width:113.7pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:102.35pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2020</p></td><td valign="top" style='width:113.7pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:102.35pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2019</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:795.9pt'><p style='margin:0'>Federal income tax expense at the statutory rate</p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>2,520</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.7pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt'><p align="right" style='margin:0'>1,915</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.7pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt'><p align="right" style='margin:0'>2,512</p></td></tr><tr align="left"><td valign="top" style='width:795.9pt'><p style='margin:0'>State income taxes</p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.35pt'><p align="right" style='margin:0'>448</p></td><td valign="top" style='width:113.7pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.35pt'><p align="right" style='margin:0'>369</p></td><td valign="top" style='width:113.7pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.35pt'><p align="right" style='margin:0'>(124)</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:795.9pt'><p style='margin:0'>Foreign income taxes (blended rate)</p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt'><p align="right" style='margin:0'>1,010</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.7pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt'><p align="right" style='margin:0'>550</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.7pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt'><p align="right" style='margin:0'>985</p></td></tr><tr align="left"><td valign="top" style='width:795.9pt'><p style='margin:0'>ETI, manufacturing deduction and tax credits</p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.35pt'><p align="right" style='margin:0'>(6)</p></td><td valign="top" style='width:113.7pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.35pt'><p align="right" style='margin:0'>(7)</p></td><td valign="top" style='width:113.7pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.35pt'><p align="right" style='margin:0'>(9)</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:795.9pt'><p style='margin:0'>Deemed repatriation transition tax </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt'><p align="right" style='margin:0'>-</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.7pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt'><p align="right" style='margin:0'>263</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.7pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt'><p align="right" style='margin:0'>(266)</p></td></tr><tr align="left"><td valign="top" style='width:795.9pt'><p style='margin:0'>US Taxes on foreign income</p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.35pt'><p align="right" style='margin:0'>(99)</p></td><td valign="top" style='width:113.7pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.35pt'><p align="right" style='margin:0'>(35)</p></td><td valign="top" style='width:113.7pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.35pt'><p align="right" style='margin:0'>59</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:795.9pt'><p style='margin:0'>Change in Rate</p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt'><p align="right" style='margin:0'>391</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.7pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt'><p align="right" style='margin:0'>-</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.7pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt'><p align="right" style='margin:0'>-</p></td></tr><tr align="left"><td valign="top" style='width:795.9pt'><p style='margin:0'>Other</p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.35pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>9</p></td><td valign="top" style='width:113.7pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.35pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>(13)</p></td><td valign="top" style='width:113.7pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.35pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>-</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:795.9pt'><p style='margin:0'>Total</p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>4,273</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.7pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>3,042</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.7pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>3,157</p></td></tr></table>
2520000
1915000
2512000
448000
369000
-124000
1010000
550000
985000
6000
7000
9000
0
263000
-266000
-99000
-35000
59000
-391000
0
0
9000
-13000
0
4273000
3042000
3157000
<p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:795.9pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="center" style='margin:0'> </p></td><td colspan="7" valign="top" style='width:589.05pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Years ended December 31,</p></td></tr><tr align="left"><td valign="top" style='width:795.9pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:102.35pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2021</p></td><td valign="top" style='width:113.7pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:102.35pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2020</p></td><td valign="top" style='width:113.7pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:102.35pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2019</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:795.9pt'><p style='margin:0'>Domestic</p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>12,004</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.7pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt'><p align="right" style='margin:0'>9,031</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.7pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt'><p align="right" style='margin:0'>11,549</p></td></tr><tr align="left"><td valign="top" style='width:795.9pt'><p style='margin:0'>Foreign</p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.35pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>7,057</p></td><td valign="top" style='width:113.7pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.35pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>4,809</p></td><td valign="top" style='width:113.7pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:102.35pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>6,335</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:795.9pt'><p style='margin:0'>Total</p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>19,061</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.7pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>13,840</p></td><td valign="top" bgcolor="#CCEEFF" style='width:113.7pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:102.35pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>17,884</p></td></tr></table>
12004000
9031000
11549000
7057000
4809000
6335000
19061000
13840000
17884000
<p style='margin:0'><font style='border-bottom:1px solid #000000'>Note 8 – Options</font></p><p style='margin:0'> </p><p style='margin:0'>The Company has stock option plans which authorize the grant of stock options to eligible employees, directors and other individuals to purchase up to an aggregate of 461 thousand shares of common stock, of which 52 thousand are outstanding as of December 31, 2020. All options granted under the plans are granted at current market value at the date of grant, and may be exercised between six months and ten years following the date of grant. The plans are intended to advance the interest of the Company by attracting and ensuring retention of competent directors, employees and executive personnel, and to provide incentives to those individuals to devote their utmost efforts to the advancement of stockholder value. Changes in stock options were as follows:</p><p style='margin:0'> </p><p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:795.9pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:114.8pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Shares(000’s)</p></td><td valign="top" style='width:101.2pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:27pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td colspan="2" valign="top" style='width:346.05pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Price Range Per Share</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:795.9pt'><p style='margin:0'><b>2021</b></p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:114.8pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.2pt'><p align="right" style='margin:0'> </p></td><td colspan="2" valign="top" bgcolor="#CCEEFF" style='width:27.35pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:345.7pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'> </p></td></tr><tr align="left"><td valign="top" style='width:795.9pt'><p style='margin:0'>Granted</p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:114.8pt'><p align="center" style='margin:0'>-</p></td><td valign="top" style='width:101.2pt'><p align="right" style='margin:0'> </p></td><td colspan="2" valign="top" style='width:27.35pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:345.7pt'><p align="center" style='margin:0'>- - -</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:795.9pt'><p style='margin:0'>Expired or canceled</p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:114.8pt'><p align="center" style='margin:0'>3</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.2pt'><p align="right" style='margin:0'> </p></td><td colspan="2" valign="top" bgcolor="#CCEEFF" style='width:27.35pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:345.7pt'><p align="center" style='margin:0'>74.64 - 77.05</p></td></tr><tr align="left"><td valign="top" style='width:795.9pt'><p style='margin:0'>Exercised</p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:114.8pt'><p align="center" style='margin:0'>14</p></td><td valign="top" style='width:101.2pt'><p align="right" style='margin:0'> </p></td><td colspan="2" valign="top" style='width:27.35pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:345.7pt'><p align="center" style='margin:0'>26.52 - 77.05</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:795.9pt'><p style='margin:0'>Total outstanding at December 31</p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:114.8pt'><p align="center" style='margin:0'>52</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.2pt'><p align="right" style='margin:0'> </p></td><td colspan="2" valign="top" bgcolor="#CCEEFF" style='width:27.35pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:345.7pt'><p align="center" style='margin:0'>33.30 - 77.05</p></td></tr><tr align="left"><td valign="top" style='width:795.9pt'><p style='margin:0'>Total exercisable at December 31</p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:114.8pt'><p align="center" style='margin:0'>34</p></td><td valign="top" style='width:101.2pt'><p align="right" style='margin:0'> </p></td><td colspan="2" valign="top" style='width:27.35pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:345.7pt'><p align="center" style='margin:0'>33.30 - 77.05</p></td></tr></table><p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:795.95pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:114.8pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Shares(000’s)</p></td><td valign="top" style='width:101.2pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:27pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:346pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Price Range Per Share</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:795.95pt'><p style='margin:0'><b>2020</b></p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:114.8pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:345.7pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'> </p></td></tr><tr align="left"><td valign="top" style='width:795.95pt'><p style='margin:0'>Granted</p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:114.8pt'><p align="center" style='margin:0'>26</p></td><td valign="top" style='width:101.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:345.7pt'><p align="center" style='margin:0'>77.05 - 77.05</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:795.95pt'><p style='margin:0'>Expired or canceled</p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:114.8pt'><p align="center" style='margin:0'>1</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:345.7pt'><p align="center" style='margin:0'>58.50 - 77.05</p></td></tr><tr align="left"><td valign="top" style='width:795.95pt'><p style='margin:0'>Exercised</p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:114.8pt'><p align="center" style='margin:0'>8</p></td><td valign="top" style='width:101.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:345.7pt'><p align="center" style='margin:0'>26.52 - 74.64</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:795.95pt'><p style='margin:0'>Total outstanding at December 31</p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:114.8pt'><p align="center" style='margin:0'>69</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:345.7pt'><p align="center" style='margin:0'>26.52 - 77.05</p></td></tr><tr align="left"><td valign="top" style='width:795.95pt'><p style='margin:0'>Total exercisable at December 31</p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:114.8pt'><p align="center" style='margin:0'>33</p></td><td valign="top" style='width:101.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:345.7pt'><p align="center" style='margin:0'>26.52 - 74.64</p></td></tr></table><p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:795.7pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:114.45pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Shares(000’s)</p></td><td valign="top" style='width:101.5pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:27.35pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:346.3pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Price Range Per Share</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:795.7pt'><p style='margin:0'><b>2019</b></p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:114.45pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.5pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.35pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:346.3pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'> </p></td></tr><tr align="left"><td valign="top" style='width:795.7pt'><p style='margin:0'>Granted</p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:114.45pt'><p align="center" style='margin:0'>-</p></td><td valign="top" style='width:101.5pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:27.35pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:346.3pt'><p align="center" style='margin:0'>- - -</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:795.7pt'><p style='margin:0'>Expired or canceled</p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:114.45pt'><p align="center" style='margin:0'>2</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.5pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.35pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:346.3pt'><p align="center" style='margin:0'>58.50 - 74.64</p></td></tr><tr align="left"><td valign="top" style='width:795.7pt'><p style='margin:0'>Exercised</p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:114.45pt'><p align="center" style='margin:0'>7</p></td><td valign="top" style='width:101.5pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:27.35pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:346.3pt'><p align="center" style='margin:0'>24.00 - 58.50</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:795.7pt'><p style='margin:0'>Total outstanding at December 31</p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:114.45pt'><p align="center" style='margin:0'>52</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.5pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.35pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:346.3pt'><p align="center" style='margin:0'>26.52 - 74.64</p></td></tr><tr align="left"><td valign="top" style='width:795.7pt'><p style='margin:0'>Total exercisable at December 31</p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:114.45pt'><p align="center" style='margin:0'>33</p></td><td valign="top" style='width:101.5pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:27.35pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:346.3pt'><p align="center" style='margin:0'>26.52 - 74.64</p></td></tr></table><p style='margin:0'> </p><p style='margin:0'> </p><p style='margin:0'>For the years ended December 31, 2021, 2020 and 2019, the Company reduced current income taxes payable by $39, $7 and $23, respectively, for the income tax benefit attributable to sale by optionees of common stock received upon the exercise of stock options.</p><p style='margin:0'> </p><p style='margin:0'><font style='border-bottom:1px solid #000000'>Stock-Based Compensation</font></p><p style='margin:0'> </p><p style='margin:0'>In 2021, the Company recognized $166 in equity compensation cost, compared to $160 in 2020 and $113 in 2019. </p><p style='margin:0'> </p><p style='margin:0'>The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions:</p><p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:775.35pt'><p style='margin:0'> </p></td><td valign="top" style='width:26.6pt'><p align="center" style='margin:0'> </p></td><td colspan="7" valign="top" style='width:610.3pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Years ended December 31,</p></td></tr><tr align="left"><td valign="top" style='width:775.35pt'><p style='margin:0'> </p></td><td valign="top" style='width:26.6pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:139.5pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2021</p></td><td valign="top" style='width:70.95pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:26.6pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:124pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2020</p></td><td valign="top" style='width:86.5pt'><p style='margin:0'> </p></td><td valign="top" style='width:26.6pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:136.15pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2019</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:775.35pt'><p style='margin:0'>Expected dividend amount per quarter</p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.6pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:139.5pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>-</p></td><td valign="top" bgcolor="#CCEEFF" style='width:70.95pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.6pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:124pt'><p align="right" style='margin:0'>0.2943</p></td><td valign="top" bgcolor="#CCEEFF" style='width:86.5pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.6pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:136.15pt'><p align="right" style='margin:0'>-</p></td></tr><tr align="left"><td valign="top" style='width:775.35pt'><p style='margin:0'>Expected stock price volatility</p></td><td valign="top" style='width:26.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:139.5pt'><p align="right" style='margin:0'>-</p></td><td valign="top" style='width:70.95pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:26.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:124pt'><p align="right" style='margin:0'>27.5%</p></td><td valign="top" style='width:86.5pt'><p style='margin:0'> </p></td><td valign="top" style='width:26.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:136.15pt'><p align="right" style='margin:0'>-</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:775.35pt'><p style='margin:0'>Risk-free interest rate</p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:139.5pt'><p align="right" style='margin:0'>-</p></td><td valign="top" bgcolor="#CCEEFF" style='width:70.95pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:124pt'><p align="right" style='margin:0'>.56%</p></td><td valign="top" bgcolor="#CCEEFF" style='width:86.5pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:136.15pt'><p align="right" style='margin:0'>-</p></td></tr><tr align="left"><td valign="top" style='width:775.35pt'><p style='margin:0'>Expected life of options</p></td><td valign="top" style='width:26.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:139.5pt'><p align="right" style='margin:0'>-</p></td><td valign="top" style='width:70.95pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:26.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:124pt'><p align="right" style='margin:0'>5.3 years</p></td><td valign="top" style='width:86.5pt'><p style='margin:0'> </p></td><td valign="top" style='width:26.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:136.15pt'><p align="right" style='margin:0'>-</p></td></tr></table><p style='margin:0'> </p><p style='margin:0'> </p><p style='margin:0'> </p><p style='margin:0'>The per share weighted average fair value of options granted during 2020 is $16.17. No options were granted in 2021 or 2019.</p><p style='margin:0'> </p><p style='margin-top:0pt;margin-bottom:6pt'>All UTMD options vest over a four-year service period. At December 31, 2021 there was $286 total unrecognized compensation expense related to non-vested stock options under the plans. A $172 portion of the cost is expected to be recognized over the next twelve months, and the remaining $114 recognized over the next 2 years. Expected dividend amounts were estimated based on the actual cash dividend rate at the time the options were granted and an estimate of future dividends based on past dividend rate changes as well as management’s expectations of future dividend rates over the expected holding period of the options. Expected volatility is based on UTMD’s historical volatility over recent periods of time and trends in that volatility, giving weight to more recent periods. Risk free interest rates were estimated based on actual U.S. Treasury Securities Interest rates as reported by the Federal Reserve Bank for periods of time equivalent to the holding periods estimated for the options on the dates the options were granted. Expected term of options were estimated based on historical holding periods for similar options previously granted by UTMD to employees and directors. </p><p style='margin:0'> </p><p style='margin:0'>The following table summarizes information about stock options outstanding at December 31, 2021:</p><p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:28.1pt'><p style='margin:0'> </p></td><td colspan="3" valign="bottom" style='width:210.4pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:98.8pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:26.95pt'><p align="right" style='margin:0'> </p></td><td colspan="6" valign="bottom" style='width:590.4pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Options Outstanding</p></td><td valign="top" style='width:44.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:26.95pt'><p align="right" style='margin:0'> </p></td><td colspan="4" valign="bottom" style='width:385.9pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Options Exercisable</p></td></tr><tr align="left"><td valign="top" style='width:28.1pt'><p style='margin:0'> </p></td><td colspan="3" valign="bottom" style='width:210.4pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Range of Exercise Prices</p></td><td valign="top" style='width:98.8pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:26.95pt'><p align="right" style='margin:0'> </p></td><td valign="bottom" style='width:157.1pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Number Outstanding</p></td><td valign="top" style='width:47.4pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'> </p></td><td valign="bottom" style='width:157.1pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Weighted Average Remaining Contractual Life (Years)</p></td><td valign="top" style='width:44.75pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:26.95pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'> </p></td><td valign="bottom" style='width:157.1pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Weighted Average Exercise Price</p></td><td valign="top" style='width:44.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:26.95pt'><p align="right" style='margin:0'> </p></td><td valign="bottom" style='width:157.1pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Number Exercisable</p></td><td valign="top" style='width:44.75pt;border-top:0.5pt solid #000000'><p style='margin:0'> </p></td><td valign="top" style='width:26.95pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'> </p></td><td valign="bottom" style='width:157.1pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Weighted Average Exercise Price</p></td></tr><tr align="left"><td valign="top" style='width:28.1pt'><p style='margin:0'> </p></td><td colspan="3" valign="bottom" style='width:210.4pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:98.8pt'><p> </p></td><td valign="top" style='width:26.95pt'><p align="right" style='margin:0'> </p></td><td valign="bottom" style='width:157.1pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:47.4pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'> </p></td><td valign="bottom" style='width:157.1pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:44.75pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:26.95pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'> </p></td><td valign="bottom" style='width:157.1pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:44.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:26.95pt'><p align="right" style='margin:0'> </p></td><td valign="bottom" style='width:157.1pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:44.75pt;border-top:0.5pt solid #000000'><p style='margin:0'> </p></td><td valign="top" style='width:26.95pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'> </p></td><td valign="bottom" style='width:157.1pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:28.1pt'><p style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:83.05pt'><p align="right" style='margin:0'>33.30</p></td><td valign="top" bgcolor="#CCEEFF" style='width:42.1pt'><p align="center" style='margin:0'>-</p></td><td valign="top" bgcolor="#CCEEFF" style='width:85.25pt'><p style='margin:0'>58.50</p></td><td valign="top" bgcolor="#CCEEFF" style='width:98.8pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.95pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:157.1pt'><p align="right" style='margin:0'>15,024</p></td><td valign="top" bgcolor="#CCEEFF" style='width:47.4pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:157.1pt'><p align="right" style='margin:0'>3.44 </p></td><td valign="top" bgcolor="#CCEEFF" style='width:44.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.95pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:157.1pt'><p align="right" style='margin:0'>52.37</p></td><td valign="top" bgcolor="#CCEEFF" style='width:44.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.95pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:157.1pt'><p align="right" style='margin:0'>15,024</p></td><td valign="top" bgcolor="#CCEEFF" style='width:44.75pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.95pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:157.1pt'><p align="right" style='margin:0'>52.37</p></td></tr><tr align="left"><td valign="top" style='width:28.1pt'><p style='margin:0'> </p></td><td valign="top" style='width:83.05pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>74.64</p></td><td valign="top" style='width:42.1pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>-</p></td><td valign="top" style='width:85.25pt;border-bottom:0.5pt solid #000000'><p style='margin:0'>77.05</p></td><td valign="top" style='width:98.8pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:26.95pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:157.1pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>36,834</p></td><td valign="top" style='width:47.4pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:157.1pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>7.74</p></td><td valign="top" style='width:44.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:26.95pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:157.1pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>76.12</p></td><td valign="top" style='width:44.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:26.95pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:157.1pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>19,263</p></td><td valign="top" style='width:44.75pt'><p style='margin:0'> </p></td><td valign="top" style='width:26.95pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:157.1pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>75.82</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:28.1pt'><p style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:83.05pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>33.30</p></td><td valign="top" bgcolor="#CCEEFF" style='width:42.1pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="center" style='margin:0'>-</p></td><td valign="top" bgcolor="#CCEEFF" style='width:85.25pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p style='margin:0'>77.05</p></td><td valign="top" bgcolor="#CCEEFF" style='width:98.8pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.95pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:157.1pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>51,858</p></td><td valign="top" bgcolor="#CCEEFF" style='width:47.4pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:157.1pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>6.49</p></td><td valign="top" bgcolor="#CCEEFF" style='width:44.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.95pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:157.1pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>69.24</p></td><td valign="top" bgcolor="#CCEEFF" style='width:44.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.95pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:157.1pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>34,287</p></td><td valign="top" bgcolor="#CCEEFF" style='width:44.75pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.95pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:157.1pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>65.55</p></td></tr></table><p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:601.55pt'><p style='margin:0'> </p></td><td valign="top" style='width:20.65pt'><p align="center" style='margin:0'> </p></td><td colspan="7" valign="top" style='width:473.55pt'><p align="center" style='margin:0'> </p></td></tr><tr align="left"><td valign="top" style='width:601.55pt'><p style='margin:0'> </p></td><td valign="top" style='width:20.65pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:108.25pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2021</p></td><td valign="top" style='width:55.05pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:20.65pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:96.2pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2020</p></td><td valign="top" style='width:67.1pt'><p style='margin:0'> </p></td><td valign="top" style='width:20.65pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:105.65pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2019</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:601.55pt'><p style='margin:0'>Intrinsic Value of Stock Options Exercised</p></td><td valign="top" bgcolor="#CCEEFF" style='width:20.65pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:108.25pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>591</p></td><td valign="top" bgcolor="#CCEEFF" style='width:55.05pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:20.65pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:96.2pt'><p align="right" style='margin:0'>371</p></td><td valign="top" bgcolor="#CCEEFF" style='width:67.1pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:20.65pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:105.65pt'><p align="right" style='margin:0'>354</p></td></tr><tr align="left"><td valign="top" style='width:601.55pt'><p style='margin:0'>Intrinsic Value of Stock Options Outstanding</p></td><td valign="top" style='width:20.65pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:108.25pt'><p align="right" style='margin:0'>1,595</p></td><td valign="top" style='width:55.05pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:20.65pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:96.2pt'><p align="right" style='margin:0'>1,178</p></td><td valign="top" style='width:67.1pt'><p style='margin:0'> </p></td><td valign="top" style='width:20.65pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:105.65pt'><p align="right" style='margin:0'>2,553</p></td></tr></table>
461000
<p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:795.9pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:114.8pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Shares(000’s)</p></td><td valign="top" style='width:101.2pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:27pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td colspan="2" valign="top" style='width:346.05pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Price Range Per Share</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:795.9pt'><p style='margin:0'><b>2021</b></p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:114.8pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.2pt'><p align="right" style='margin:0'> </p></td><td colspan="2" valign="top" bgcolor="#CCEEFF" style='width:27.35pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:345.7pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'> </p></td></tr><tr align="left"><td valign="top" style='width:795.9pt'><p style='margin:0'>Granted</p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:114.8pt'><p align="center" style='margin:0'>-</p></td><td valign="top" style='width:101.2pt'><p align="right" style='margin:0'> </p></td><td colspan="2" valign="top" style='width:27.35pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:345.7pt'><p align="center" style='margin:0'>- - -</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:795.9pt'><p style='margin:0'>Expired or canceled</p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:114.8pt'><p align="center" style='margin:0'>3</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.2pt'><p align="right" style='margin:0'> </p></td><td colspan="2" valign="top" bgcolor="#CCEEFF" style='width:27.35pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:345.7pt'><p align="center" style='margin:0'>74.64 - 77.05</p></td></tr><tr align="left"><td valign="top" style='width:795.9pt'><p style='margin:0'>Exercised</p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:114.8pt'><p align="center" style='margin:0'>14</p></td><td valign="top" style='width:101.2pt'><p align="right" style='margin:0'> </p></td><td colspan="2" valign="top" style='width:27.35pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:345.7pt'><p align="center" style='margin:0'>26.52 - 77.05</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:795.9pt'><p style='margin:0'>Total outstanding at December 31</p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:114.8pt'><p align="center" style='margin:0'>52</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.2pt'><p align="right" style='margin:0'> </p></td><td colspan="2" valign="top" bgcolor="#CCEEFF" style='width:27.35pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:345.7pt'><p align="center" style='margin:0'>33.30 - 77.05</p></td></tr><tr align="left"><td valign="top" style='width:795.9pt'><p style='margin:0'>Total exercisable at December 31</p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:114.8pt'><p align="center" style='margin:0'>34</p></td><td valign="top" style='width:101.2pt'><p align="right" style='margin:0'> </p></td><td colspan="2" valign="top" style='width:27.35pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:345.7pt'><p align="center" style='margin:0'>33.30 - 77.05</p></td></tr></table><p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:795.95pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:114.8pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Shares(000’s)</p></td><td valign="top" style='width:101.2pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:27pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:346pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Price Range Per Share</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:795.95pt'><p style='margin:0'><b>2020</b></p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:114.8pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:345.7pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'> </p></td></tr><tr align="left"><td valign="top" style='width:795.95pt'><p style='margin:0'>Granted</p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:114.8pt'><p align="center" style='margin:0'>26</p></td><td valign="top" style='width:101.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:345.7pt'><p align="center" style='margin:0'>77.05 - 77.05</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:795.95pt'><p style='margin:0'>Expired or canceled</p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:114.8pt'><p align="center" style='margin:0'>1</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:345.7pt'><p align="center" style='margin:0'>58.50 - 77.05</p></td></tr><tr align="left"><td valign="top" style='width:795.95pt'><p style='margin:0'>Exercised</p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:114.8pt'><p align="center" style='margin:0'>8</p></td><td valign="top" style='width:101.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:345.7pt'><p align="center" style='margin:0'>26.52 - 74.64</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:795.95pt'><p style='margin:0'>Total outstanding at December 31</p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:114.8pt'><p align="center" style='margin:0'>69</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:345.7pt'><p align="center" style='margin:0'>26.52 - 77.05</p></td></tr><tr align="left"><td valign="top" style='width:795.95pt'><p style='margin:0'>Total exercisable at December 31</p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:114.8pt'><p align="center" style='margin:0'>33</p></td><td valign="top" style='width:101.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:27.3pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:345.7pt'><p align="center" style='margin:0'>26.52 - 74.64</p></td></tr></table><p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:795.7pt'><p style='margin:0'> </p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:114.45pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Shares(000’s)</p></td><td valign="top" style='width:101.5pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:27.35pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:346.3pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Price Range Per Share</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:795.7pt'><p style='margin:0'><b>2019</b></p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:114.45pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.5pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.35pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:346.3pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'> </p></td></tr><tr align="left"><td valign="top" style='width:795.7pt'><p style='margin:0'>Granted</p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:114.45pt'><p align="center" style='margin:0'>-</p></td><td valign="top" style='width:101.5pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:27.35pt'><p align="right" style='margin:0'>$</p></td><td valign="top" style='width:346.3pt'><p align="center" style='margin:0'>- - -</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:795.7pt'><p style='margin:0'>Expired or canceled</p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:114.45pt'><p align="center" style='margin:0'>2</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.5pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.35pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:346.3pt'><p align="center" style='margin:0'>58.50 - 74.64</p></td></tr><tr align="left"><td valign="top" style='width:795.7pt'><p style='margin:0'>Exercised</p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:114.45pt'><p align="center" style='margin:0'>7</p></td><td valign="top" style='width:101.5pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:27.35pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:346.3pt'><p align="center" style='margin:0'>24.00 - 58.50</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:795.7pt'><p style='margin:0'>Total outstanding at December 31</p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:114.45pt'><p align="center" style='margin:0'>52</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.5pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:27.35pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:346.3pt'><p align="center" style='margin:0'>26.52 - 74.64</p></td></tr><tr align="left"><td valign="top" style='width:795.7pt'><p style='margin:0'>Total exercisable at December 31</p></td><td valign="top" style='width:27.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:114.45pt'><p align="center" style='margin:0'>33</p></td><td valign="top" style='width:101.5pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:27.35pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:346.3pt'><p align="center" style='margin:0'>26.52 - 74.64</p></td></tr></table>
0
- - -
3000
74.64 - 77.05
14000
26.52 - 77.05
52000
33.30 - 77.05
34000
33.30 - 77.05
26000
77.05 - 77.05
1000
58.50 - 77.05
8000
26.52 - 74.64
69000
26.52 - 77.05
33000
26.52 - 74.64
0
- - -
2000
58.50 - 74.64
7000
24.00 - 58.50
52000
26.52 - 74.64
33000
26.52 - 74.64
39000
7000
23000
166000
160000
113000
<p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:775.35pt'><p style='margin:0'> </p></td><td valign="top" style='width:26.6pt'><p align="center" style='margin:0'> </p></td><td colspan="7" valign="top" style='width:610.3pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Years ended December 31,</p></td></tr><tr align="left"><td valign="top" style='width:775.35pt'><p style='margin:0'> </p></td><td valign="top" style='width:26.6pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:139.5pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2021</p></td><td valign="top" style='width:70.95pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:26.6pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:124pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2020</p></td><td valign="top" style='width:86.5pt'><p style='margin:0'> </p></td><td valign="top" style='width:26.6pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:136.15pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2019</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:775.35pt'><p style='margin:0'>Expected dividend amount per quarter</p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.6pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:139.5pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>-</p></td><td valign="top" bgcolor="#CCEEFF" style='width:70.95pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.6pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:124pt'><p align="right" style='margin:0'>0.2943</p></td><td valign="top" bgcolor="#CCEEFF" style='width:86.5pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.6pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:136.15pt'><p align="right" style='margin:0'>-</p></td></tr><tr align="left"><td valign="top" style='width:775.35pt'><p style='margin:0'>Expected stock price volatility</p></td><td valign="top" style='width:26.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:139.5pt'><p align="right" style='margin:0'>-</p></td><td valign="top" style='width:70.95pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:26.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:124pt'><p align="right" style='margin:0'>27.5%</p></td><td valign="top" style='width:86.5pt'><p style='margin:0'> </p></td><td valign="top" style='width:26.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:136.15pt'><p align="right" style='margin:0'>-</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:775.35pt'><p style='margin:0'>Risk-free interest rate</p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:139.5pt'><p align="right" style='margin:0'>-</p></td><td valign="top" bgcolor="#CCEEFF" style='width:70.95pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:124pt'><p align="right" style='margin:0'>.56%</p></td><td valign="top" bgcolor="#CCEEFF" style='width:86.5pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:136.15pt'><p align="right" style='margin:0'>-</p></td></tr><tr align="left"><td valign="top" style='width:775.35pt'><p style='margin:0'>Expected life of options</p></td><td valign="top" style='width:26.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:139.5pt'><p align="right" style='margin:0'>-</p></td><td valign="top" style='width:70.95pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:26.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:124pt'><p align="right" style='margin:0'>5.3 years</p></td><td valign="top" style='width:86.5pt'><p style='margin:0'> </p></td><td valign="top" style='width:26.6pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:136.15pt'><p align="right" style='margin:0'>-</p></td></tr></table>
0.2943
0.2750
0.0056
P5Y3M18D
16.17
286000
172000
P12M
114000
P2Y
<p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:28.1pt'><p style='margin:0'> </p></td><td colspan="3" valign="bottom" style='width:210.4pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:98.8pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:26.95pt'><p align="right" style='margin:0'> </p></td><td colspan="6" valign="bottom" style='width:590.4pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Options Outstanding</p></td><td valign="top" style='width:44.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:26.95pt'><p align="right" style='margin:0'> </p></td><td colspan="4" valign="bottom" style='width:385.9pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Options Exercisable</p></td></tr><tr align="left"><td valign="top" style='width:28.1pt'><p style='margin:0'> </p></td><td colspan="3" valign="bottom" style='width:210.4pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Range of Exercise Prices</p></td><td valign="top" style='width:98.8pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:26.95pt'><p align="right" style='margin:0'> </p></td><td valign="bottom" style='width:157.1pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Number Outstanding</p></td><td valign="top" style='width:47.4pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'> </p></td><td valign="bottom" style='width:157.1pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Weighted Average Remaining Contractual Life (Years)</p></td><td valign="top" style='width:44.75pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:26.95pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'> </p></td><td valign="bottom" style='width:157.1pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Weighted Average Exercise Price</p></td><td valign="top" style='width:44.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:26.95pt'><p align="right" style='margin:0'> </p></td><td valign="bottom" style='width:157.1pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Number Exercisable</p></td><td valign="top" style='width:44.75pt;border-top:0.5pt solid #000000'><p style='margin:0'> </p></td><td valign="top" style='width:26.95pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'> </p></td><td valign="bottom" style='width:157.1pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>Weighted Average Exercise Price</p></td></tr><tr align="left"><td valign="top" style='width:28.1pt'><p style='margin:0'> </p></td><td colspan="3" valign="bottom" style='width:210.4pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:98.8pt'><p> </p></td><td valign="top" style='width:26.95pt'><p align="right" style='margin:0'> </p></td><td valign="bottom" style='width:157.1pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:47.4pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'> </p></td><td valign="bottom" style='width:157.1pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:44.75pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:26.95pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'> </p></td><td valign="bottom" style='width:157.1pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:44.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:26.95pt'><p align="right" style='margin:0'> </p></td><td valign="bottom" style='width:157.1pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:44.75pt;border-top:0.5pt solid #000000'><p style='margin:0'> </p></td><td valign="top" style='width:26.95pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'> </p></td><td valign="bottom" style='width:157.1pt;border-top:0.5pt solid #000000'><p align="center" style='margin:0'> </p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:28.1pt'><p style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:83.05pt'><p align="right" style='margin:0'>33.30</p></td><td valign="top" bgcolor="#CCEEFF" style='width:42.1pt'><p align="center" style='margin:0'>-</p></td><td valign="top" bgcolor="#CCEEFF" style='width:85.25pt'><p style='margin:0'>58.50</p></td><td valign="top" bgcolor="#CCEEFF" style='width:98.8pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.95pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:157.1pt'><p align="right" style='margin:0'>15,024</p></td><td valign="top" bgcolor="#CCEEFF" style='width:47.4pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:157.1pt'><p align="right" style='margin:0'>3.44 </p></td><td valign="top" bgcolor="#CCEEFF" style='width:44.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.95pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:157.1pt'><p align="right" style='margin:0'>52.37</p></td><td valign="top" bgcolor="#CCEEFF" style='width:44.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.95pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:157.1pt'><p align="right" style='margin:0'>15,024</p></td><td valign="top" bgcolor="#CCEEFF" style='width:44.75pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.95pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:157.1pt'><p align="right" style='margin:0'>52.37</p></td></tr><tr align="left"><td valign="top" style='width:28.1pt'><p style='margin:0'> </p></td><td valign="top" style='width:83.05pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>74.64</p></td><td valign="top" style='width:42.1pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>-</p></td><td valign="top" style='width:85.25pt;border-bottom:0.5pt solid #000000'><p style='margin:0'>77.05</p></td><td valign="top" style='width:98.8pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:26.95pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:157.1pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>36,834</p></td><td valign="top" style='width:47.4pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:157.1pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>7.74</p></td><td valign="top" style='width:44.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:26.95pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:157.1pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>76.12</p></td><td valign="top" style='width:44.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:26.95pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:157.1pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>19,263</p></td><td valign="top" style='width:44.75pt'><p style='margin:0'> </p></td><td valign="top" style='width:26.95pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:157.1pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>75.82</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:28.1pt'><p style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:83.05pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>33.30</p></td><td valign="top" bgcolor="#CCEEFF" style='width:42.1pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="center" style='margin:0'>-</p></td><td valign="top" bgcolor="#CCEEFF" style='width:85.25pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p style='margin:0'>77.05</p></td><td valign="top" bgcolor="#CCEEFF" style='width:98.8pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.95pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:157.1pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>51,858</p></td><td valign="top" bgcolor="#CCEEFF" style='width:47.4pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:157.1pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>6.49</p></td><td valign="top" bgcolor="#CCEEFF" style='width:44.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.95pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:157.1pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>69.24</p></td><td valign="top" bgcolor="#CCEEFF" style='width:44.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.95pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:157.1pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>34,287</p></td><td valign="top" bgcolor="#CCEEFF" style='width:44.75pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:26.95pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:157.1pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><p align="right" style='margin:0'>65.55</p></td></tr></table>
33.30
58.50
15024
3.44
52.37
15024
52.37
74.64
77.05
36834
7.74
76.12
19263
75.82
33.30
77.05
51858
6.49
69.24
34287
65.55
591000
371000
354000
1595000
1178000
2553000
<p style='margin:0'><font style='border-bottom:1px solid #000000'>Note 9 – Geographic Information</font></p><p style='margin:0'> </p><p style='margin:0'>The Company had sales in the following geographic areas based on the customer’s country of domicile:</p><p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:560.1pt'><p style='margin:0'> </p></td><td valign="top" style='width:50.95pt'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:101.8pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2021</p></td><td valign="top" style='width:65.2pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:24.45pt'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:101.8pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2020</p></td><td valign="top" style='width:65.2pt'><p style='margin:0'> </p></td><td valign="top" style='width:24.45pt'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:101.8pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2019</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:560.1pt'><p style='margin:0'>United States</p></td><td valign="top" bgcolor="#CCEEFF" style='width:50.95pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>30,659</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.45pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>25,866</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.2pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.45pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>27,493</p></td></tr><tr align="left"><td valign="top" style='width:560.1pt'><p style='margin:0'>Europe</p></td><td valign="top" style='width:50.95pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt'><p align="right" style='margin:0'>7,434</p></td><td valign="top" style='width:65.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:24.45pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt'><p align="right" style='margin:0'>6,399</p></td><td valign="top" style='width:65.2pt'><p style='margin:0'> </p></td><td valign="top" style='width:24.45pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt'><p align="right" style='margin:0'>8,906</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:560.1pt'><p style='margin:0'>Other</p></td><td valign="top" bgcolor="#CCEEFF" style='width:50.95pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt'><p align="right" style='margin:0'>10,961</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.45pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt'><p align="right" style='margin:0'>9,913</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.2pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.45pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt'><p align="right" style='margin:0'>10,505</p></td></tr></table>
<p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:560.1pt'><p style='margin:0'> </p></td><td valign="top" style='width:50.95pt'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:101.8pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2021</p></td><td valign="top" style='width:65.2pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:24.45pt'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:101.8pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2020</p></td><td valign="top" style='width:65.2pt'><p style='margin:0'> </p></td><td valign="top" style='width:24.45pt'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:101.8pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2019</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:560.1pt'><p style='margin:0'>United States</p></td><td valign="top" bgcolor="#CCEEFF" style='width:50.95pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>30,659</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.45pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>25,866</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.2pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.45pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>27,493</p></td></tr><tr align="left"><td valign="top" style='width:560.1pt'><p style='margin:0'>Europe</p></td><td valign="top" style='width:50.95pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt'><p align="right" style='margin:0'>7,434</p></td><td valign="top" style='width:65.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:24.45pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt'><p align="right" style='margin:0'>6,399</p></td><td valign="top" style='width:65.2pt'><p style='margin:0'> </p></td><td valign="top" style='width:24.45pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt'><p align="right" style='margin:0'>8,906</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:560.1pt'><p style='margin:0'>Other</p></td><td valign="top" bgcolor="#CCEEFF" style='width:50.95pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt'><p align="right" style='margin:0'>10,961</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.45pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt'><p align="right" style='margin:0'>9,913</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.2pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.45pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt'><p align="right" style='margin:0'>10,505</p></td></tr></table>
30659000
25866000
27493000
7434000
6399000
8906000
10961000
9913000
10505000
<p style='margin:0'><font style='border-bottom:1px solid #000000'>Note 10 – Long-lived Assets by Geographic Area</font></p><p style='margin:0'> </p><p style='margin:0'>The Company’s long-lived assets by geographic area were as follows:</p><p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:560.1pt'><p style='margin:0'> </p></td><td valign="top" style='width:50.95pt'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:101.8pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2021</p></td><td valign="top" style='width:65.2pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:24.45pt'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:101.8pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2020</p></td><td valign="top" style='width:65.2pt'><p style='margin:0'> </p></td><td valign="top" style='width:24.45pt'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:101.8pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2019</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:560.1pt'><p style='margin:0'>United States</p></td><td valign="top" bgcolor="#CCEEFF" style='width:50.95pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>19,104</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.45pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt'><p align="right" style='margin:0'>23,327</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.2pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.45pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt'><p align="right" style='margin:0'>27,605</p></td></tr><tr align="left"><td valign="top" style='width:560.1pt'><p style='margin:0'>England</p></td><td valign="top" style='width:50.95pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt'><p align="right" style='margin:0'>19,339</p></td><td valign="top" style='width:65.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:24.45pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt'><p align="right" style='margin:0'>21,871</p></td><td valign="top" style='width:65.2pt'><p style='margin:0'> </p></td><td valign="top" style='width:24.45pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt'><p align="right" style='margin:0'>23,548</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:560.1pt'><p style='margin:0'>Ireland</p></td><td valign="top" bgcolor="#CCEEFF" style='width:50.95pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt'><p align="right" style='margin:0'>2,990</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.45pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt'><p align="right" style='margin:0'>3,173</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.2pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.45pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt'><p align="right" style='margin:0'>2,639</p></td></tr><tr align="left"><td valign="top" bgcolor="#FFFFFF" style='width:560.1pt'><p style='margin:0'>Australia</p></td><td valign="top" bgcolor="#FFFFFF" style='width:50.95pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#FFFFFF" style='width:101.8pt'><p align="right" style='margin:0'>392</p></td><td valign="top" bgcolor="#FFFFFF" style='width:65.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#FFFFFF" style='width:24.45pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#FFFFFF" style='width:101.8pt'><p align="right" style='margin:0'>440</p></td><td valign="top" bgcolor="#FFFFFF" style='width:65.2pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#FFFFFF" style='width:24.45pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#FFFFFF" style='width:101.8pt'><p align="right" style='margin:0'>423</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:560.1pt'><p style='margin:0'>Canada</p></td><td valign="top" bgcolor="#CCEEFF" style='width:50.95pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt'><p align="right" style='margin:0'>653</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.45pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt'><p align="right" style='margin:0'>672</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.2pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.45pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt'><p align="right" style='margin:0'>686</p></td></tr><tr align="left"><td valign="top" bgcolor="#FFFFFF" style='width:560.1pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#FFFFFF" style='width:50.95pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#FFFFFF" style='width:101.8pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#FFFFFF" style='width:65.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#FFFFFF" style='width:24.45pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#FFFFFF" style='width:101.8pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#FFFFFF" style='width:65.2pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#FFFFFF" style='width:24.45pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#FFFFFF" style='width:101.8pt'><p align="right" style='margin:0'> </p></td></tr></table>
<p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:560.1pt'><p style='margin:0'> </p></td><td valign="top" style='width:50.95pt'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:101.8pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2021</p></td><td valign="top" style='width:65.2pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:24.45pt'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:101.8pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2020</p></td><td valign="top" style='width:65.2pt'><p style='margin:0'> </p></td><td valign="top" style='width:24.45pt'><p align="center" style='margin:0'> </p></td><td valign="bottom" style='width:101.8pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2019</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:560.1pt'><p style='margin:0'>United States</p></td><td valign="top" bgcolor="#CCEEFF" style='width:50.95pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>19,104</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.45pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt'><p align="right" style='margin:0'>23,327</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.2pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.45pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt'><p align="right" style='margin:0'>27,605</p></td></tr><tr align="left"><td valign="top" style='width:560.1pt'><p style='margin:0'>England</p></td><td valign="top" style='width:50.95pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt'><p align="right" style='margin:0'>19,339</p></td><td valign="top" style='width:65.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:24.45pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt'><p align="right" style='margin:0'>21,871</p></td><td valign="top" style='width:65.2pt'><p style='margin:0'> </p></td><td valign="top" style='width:24.45pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.8pt'><p align="right" style='margin:0'>23,548</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:560.1pt'><p style='margin:0'>Ireland</p></td><td valign="top" bgcolor="#CCEEFF" style='width:50.95pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt'><p align="right" style='margin:0'>2,990</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.45pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt'><p align="right" style='margin:0'>3,173</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.2pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.45pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt'><p align="right" style='margin:0'>2,639</p></td></tr><tr align="left"><td valign="top" bgcolor="#FFFFFF" style='width:560.1pt'><p style='margin:0'>Australia</p></td><td valign="top" bgcolor="#FFFFFF" style='width:50.95pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#FFFFFF" style='width:101.8pt'><p align="right" style='margin:0'>392</p></td><td valign="top" bgcolor="#FFFFFF" style='width:65.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#FFFFFF" style='width:24.45pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#FFFFFF" style='width:101.8pt'><p align="right" style='margin:0'>440</p></td><td valign="top" bgcolor="#FFFFFF" style='width:65.2pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#FFFFFF" style='width:24.45pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#FFFFFF" style='width:101.8pt'><p align="right" style='margin:0'>423</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:560.1pt'><p style='margin:0'>Canada</p></td><td valign="top" bgcolor="#CCEEFF" style='width:50.95pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt'><p align="right" style='margin:0'>653</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.45pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt'><p align="right" style='margin:0'>672</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.2pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.45pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.8pt'><p align="right" style='margin:0'>686</p></td></tr><tr align="left"><td valign="top" bgcolor="#FFFFFF" style='width:560.1pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#FFFFFF" style='width:50.95pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#FFFFFF" style='width:101.8pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#FFFFFF" style='width:65.2pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#FFFFFF" style='width:24.45pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#FFFFFF" style='width:101.8pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#FFFFFF" style='width:65.2pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#FFFFFF" style='width:24.45pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#FFFFFF" style='width:101.8pt'><p align="right" style='margin:0'> </p></td></tr></table>
19104000
23327000
27605000
19339000
21871000
23548000
2990000
3173000
2639000
392000
440000
423000
653000
672000
686000
<p style='margin:0'><font style='border-bottom:1px solid #000000'>Note 11 – Revenues by Product Category and Geographic Region</font></p><p style='margin:0'> </p><p style='margin:0'> </p><p style='margin:0'>Global revenues by product category:</p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:508.15pt'><p style='margin:0'> </p></td><td valign="top" style='width:65.05pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:24.4pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:101.65pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2021</p></td><td valign="top" style='width:65.05pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:24.4pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:101.65pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2020</p></td><td valign="top" style='width:79.35pt'><p style='margin:0'> </p></td><td valign="top" style='width:24.4pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:101.65pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2019</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:508.15pt'><p style='margin:0'>Obstetrics</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.05pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.4pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.65pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>4,675</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.05pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.4pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.65pt'><p align="right" style='margin:0'>4,523</p></td><td valign="top" bgcolor="#CCEEFF" style='width:79.35pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.4pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.65pt'><p align="right" style='margin:0'>5,000</p></td></tr><tr align="left"><td valign="top" style='width:508.15pt'><p style='margin:0'>Gynecology/ Electrosurgery/ Urology</p></td><td valign="top" style='width:65.05pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:24.4pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.65pt'><p align="right" style='margin:0'>21,973</p></td><td valign="top" style='width:65.05pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:24.4pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.65pt'><p align="right" style='margin:0'>20,552</p></td><td valign="top" style='width:79.35pt'><p style='margin:0'> </p></td><td valign="top" style='width:24.4pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.65pt'><p align="right" style='margin:0'>25,354</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:508.15pt'><p style='margin:0'>Neonatal</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.05pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.4pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.65pt'><p align="right" style='margin:0'>6,691</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.05pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.4pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.65pt'><p align="right" style='margin:0'>5,870</p></td><td valign="top" bgcolor="#CCEEFF" style='width:79.35pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.4pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.65pt'><p align="right" style='margin:0'>6,066</p></td></tr><tr align="left"><td valign="top" style='width:508.15pt'><p style='margin:0'>Blood Pressure Monitoring and Accessories</p></td><td valign="top" style='width:65.05pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:24.4pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.65pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>15,715</p></td><td valign="top" style='width:65.05pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:24.4pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.65pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>11,233</p></td><td valign="top" style='width:79.35pt'><p style='margin:0'> </p></td><td valign="top" style='width:24.4pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.65pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>10,484</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:508.15pt'><p style='margin:0'>Total:</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.05pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.4pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.65pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>49,054</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.05pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.4pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.65pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>42,178</p></td><td valign="top" bgcolor="#CCEEFF" style='width:79.35pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.4pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.65pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>46,904</p></td></tr></table><p style='margin:0'> </p><p style='margin:0'>Included in the Global revenues (above) were OUS revenues by product category:</p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:508.15pt'><p style='margin:0'> </p></td><td valign="top" style='width:65.05pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:24.4pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:101.65pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2021</p></td><td valign="top" style='width:65.05pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:24.4pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:101.65pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2020</p></td><td valign="top" style='width:79.35pt'><p style='margin:0'> </p></td><td valign="top" style='width:24.4pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:101.65pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2019</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:508.15pt'><p style='margin:0'>Obstetrics</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.05pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.4pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.65pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>735</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.05pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.4pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.65pt'><p align="right" style='margin:0'>846</p></td><td valign="top" bgcolor="#CCEEFF" style='width:79.35pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.4pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.65pt'><p align="right" style='margin:0'>947</p></td></tr><tr align="left"><td valign="top" style='width:508.15pt'><p style='margin:0'>Gynecology/ Electrosurgery/ Urology</p></td><td valign="top" style='width:65.05pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:24.4pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.65pt'><p align="right" style='margin:0'>11,053</p></td><td valign="top" style='width:65.05pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:24.4pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.65pt'><p align="right" style='margin:0'>9,934</p></td><td valign="top" style='width:79.35pt'><p style='margin:0'> </p></td><td valign="top" style='width:24.4pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.65pt'><p align="right" style='margin:0'>13,731</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:508.15pt'><p style='margin:0'>Neonatal</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.05pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.4pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.65pt'><p align="right" style='margin:0'>1,347</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.05pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.4pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.65pt'><p align="right" style='margin:0'>1,490</p></td><td valign="top" bgcolor="#CCEEFF" style='width:79.35pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.4pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.65pt'><p align="right" style='margin:0'>1,412</p></td></tr><tr align="left"><td valign="top" style='width:508.15pt'><p style='margin:0'>Blood Pressure Monitoring and Accessories</p></td><td valign="top" style='width:65.05pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:24.4pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.65pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>5,260</p></td><td valign="top" style='width:65.05pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:24.4pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.65pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>4,042</p></td><td valign="top" style='width:79.35pt'><p style='margin:0'> </p></td><td valign="top" style='width:24.4pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.65pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>3,321</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:508.15pt'><p style='margin:0'>Total:</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.05pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.4pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.65pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>18,395</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.05pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.4pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.65pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>16,312</p></td><td valign="top" bgcolor="#CCEEFF" style='width:79.35pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.4pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.65pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>19,411</p></td></tr></table><p style='margin:0'> </p>
<p style='margin:0'>Global revenues by product category:</p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:508.15pt'><p style='margin:0'> </p></td><td valign="top" style='width:65.05pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:24.4pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:101.65pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2021</p></td><td valign="top" style='width:65.05pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:24.4pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:101.65pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2020</p></td><td valign="top" style='width:79.35pt'><p style='margin:0'> </p></td><td valign="top" style='width:24.4pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:101.65pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2019</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:508.15pt'><p style='margin:0'>Obstetrics</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.05pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.4pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.65pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>4,675</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.05pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.4pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.65pt'><p align="right" style='margin:0'>4,523</p></td><td valign="top" bgcolor="#CCEEFF" style='width:79.35pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.4pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.65pt'><p align="right" style='margin:0'>5,000</p></td></tr><tr align="left"><td valign="top" style='width:508.15pt'><p style='margin:0'>Gynecology/ Electrosurgery/ Urology</p></td><td valign="top" style='width:65.05pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:24.4pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.65pt'><p align="right" style='margin:0'>21,973</p></td><td valign="top" style='width:65.05pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:24.4pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.65pt'><p align="right" style='margin:0'>20,552</p></td><td valign="top" style='width:79.35pt'><p style='margin:0'> </p></td><td valign="top" style='width:24.4pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.65pt'><p align="right" style='margin:0'>25,354</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:508.15pt'><p style='margin:0'>Neonatal</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.05pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.4pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.65pt'><p align="right" style='margin:0'>6,691</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.05pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.4pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.65pt'><p align="right" style='margin:0'>5,870</p></td><td valign="top" bgcolor="#CCEEFF" style='width:79.35pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.4pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.65pt'><p align="right" style='margin:0'>6,066</p></td></tr><tr align="left"><td valign="top" style='width:508.15pt'><p style='margin:0'>Blood Pressure Monitoring and Accessories</p></td><td valign="top" style='width:65.05pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:24.4pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.65pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>15,715</p></td><td valign="top" style='width:65.05pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:24.4pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.65pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>11,233</p></td><td valign="top" style='width:79.35pt'><p style='margin:0'> </p></td><td valign="top" style='width:24.4pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.65pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>10,484</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:508.15pt'><p style='margin:0'>Total:</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.05pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.4pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.65pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>49,054</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.05pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.4pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.65pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>42,178</p></td><td valign="top" bgcolor="#CCEEFF" style='width:79.35pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.4pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.65pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>46,904</p></td></tr></table>
4675000
4523000
5000000
21973000
20552000
25354000
6691000
5870000
6066000
15715000
11233000
10484000
49054000
42178000
46904000
<p style='margin:0'>Included in the Global revenues (above) were OUS revenues by product category:</p><table style='border-collapse:collapse;width:100%'><tr align="left"><td valign="top" style='width:508.15pt'><p style='margin:0'> </p></td><td valign="top" style='width:65.05pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:24.4pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:101.65pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2021</p></td><td valign="top" style='width:65.05pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:24.4pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:101.65pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2020</p></td><td valign="top" style='width:79.35pt'><p style='margin:0'> </p></td><td valign="top" style='width:24.4pt'><p align="center" style='margin:0'> </p></td><td valign="top" style='width:101.65pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2019</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:508.15pt'><p style='margin:0'>Obstetrics</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.05pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.4pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.65pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>735</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.05pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.4pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.65pt'><p align="right" style='margin:0'>846</p></td><td valign="top" bgcolor="#CCEEFF" style='width:79.35pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.4pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.65pt'><p align="right" style='margin:0'>947</p></td></tr><tr align="left"><td valign="top" style='width:508.15pt'><p style='margin:0'>Gynecology/ Electrosurgery/ Urology</p></td><td valign="top" style='width:65.05pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:24.4pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.65pt'><p align="right" style='margin:0'>11,053</p></td><td valign="top" style='width:65.05pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:24.4pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.65pt'><p align="right" style='margin:0'>9,934</p></td><td valign="top" style='width:79.35pt'><p style='margin:0'> </p></td><td valign="top" style='width:24.4pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.65pt'><p align="right" style='margin:0'>13,731</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:508.15pt'><p style='margin:0'>Neonatal</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.05pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.4pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.65pt'><p align="right" style='margin:0'>1,347</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.05pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.4pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.65pt'><p align="right" style='margin:0'>1,490</p></td><td valign="top" bgcolor="#CCEEFF" style='width:79.35pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.4pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.65pt'><p align="right" style='margin:0'>1,412</p></td></tr><tr align="left"><td valign="top" style='width:508.15pt'><p style='margin:0'>Blood Pressure Monitoring and Accessories</p></td><td valign="top" style='width:65.05pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:24.4pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.65pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>5,260</p></td><td valign="top" style='width:65.05pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:24.4pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.65pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>4,042</p></td><td valign="top" style='width:79.35pt'><p style='margin:0'> </p></td><td valign="top" style='width:24.4pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:101.65pt;border-bottom:0.5pt solid #000000'><p align="right" style='margin:0'>3,321</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:508.15pt'><p style='margin:0'>Total:</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.05pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.4pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.65pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>18,395</p></td><td valign="top" bgcolor="#CCEEFF" style='width:65.05pt'><p align="right" style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.4pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.65pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>16,312</p></td><td valign="top" bgcolor="#CCEEFF" style='width:79.35pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:24.4pt'><p align="right" style='margin:0'>$</p></td><td valign="top" bgcolor="#CCEEFF" style='width:101.65pt;border-top:0.5pt solid #000000'><p align="right" style='margin:0'>19,411</p></td></tr></table>
735000
846000
947000
11053000
9934000
13731000
1347000
1490000
1412000
5260000
4042000
3321000
18395000
16312000
19411000
<p style='margin:0'><font style='border-bottom:1px solid #000000'>Note 12 - Product Sale and Purchase Commitments</font></p><p style='margin:0'> </p><p style='margin:0'>The Company has had license agreements for the rights to develop and market certain products or technologies owned by unrelated parties. The confidential terms of such agreements are unique and varied, depending on many factors relating to the value and stage of development of the technology licensed. Royalties on future product sales are a normal component of such agreements and are included in the Company’s cost of goods sold on an ongoing basis.</p><p style='margin:0'> </p><p style='margin:0'>In 2021, 2020 and 2019, UTMD received royalties of $15, $20 and $6, respectively, for the use of intellectual property. </p><p style='margin:0'> </p><p style='margin:0'>UTMD had $4,891 in operating lease and purchase commitments as of December 31, 2021.</p>
15000
20000
6000
4891000
<p style='margin:0'><font style='border-bottom:1px solid #000000'>Note 13 – Employee Benefit Plans</font></p><p style='margin:0'> </p><p style='margin:0'>The Company sponsors a contributory 401(k) savings plan for U.S. employees, and contributory retirement plans for Ireland, UK, Australia and Canada employees. The Company’s matching contribution is determined annually by the board of directors. Company contributions were approximately $165, $167 and $171 for the years ended December 31, 2021, 2020 and 2019, respectively.</p>
165000
167000
171000
<p style='margin:0'><font style='border-bottom:1px solid #000000'>Note 14 – Leases</font></p><p style='margin:0'> </p><p style='margin:0'>UTMD has operating leases for a portion of its parking lot at its Midvale facility and an automobile at its Ireland facility. The remaining lease term on the parking lot is 10 years and on the automobile it is 30 months. There are no options to extend or terminate the leases. The parking lot lease contains a provision that requires an adjustment every five years to the lease payment based on the change in the Consumer Price Index. This adjustment occurred in 2021 requiring an increase of $87 to the value of the right-of-use asset and lease liabilities. UTMD has no other leases yet to commence. As neither lease contains implicit rates, UTMD’s incremental borrowing rate, based on information available at adoption date, was used to determine the present value of the leases.</p><p style='margin:0'> </p><p style='margin:0'>Operating lease costs for the years ended December 31, 2021, 2020, and 2019 were $63, $61, and $60, respectively.</p><p style='margin:0'> </p><p style='margin:0'>Supplemental balance sheet information related to operating leases was as follows (<i>in thousands</i>):</p><p style='margin:0'> </p><table style='border-collapse:collapse;width:100%'><tr style='height:23.85pt'><td valign="top" style='width:831.4pt'><p style='margin:0'> </p></td><td valign="top" style='width:264.35pt'><p align="right" style='margin:0'>As of December 31, 2021</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:831.4pt'><p style='margin:0'>Operating lease right-of-use assets</p></td><td valign="top" bgcolor="#CCEEFF" style='width:264.35pt'><p align="right" style='margin:0'>$449</p></td></tr><tr align="left"><td valign="top" style='width:831.4pt'><p style='margin:0'>Operating lease liabilities – current (included in Accrued Expenses)</p></td><td valign="top" style='width:264.35pt'><p align="right" style='margin:0'>52</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:831.4pt'><p style='margin:0'>Operating lease liabilities – long term</p></td><td valign="top" bgcolor="#CCEEFF" style='width:264.35pt'><p align="right" style='margin:0'><font style='border-bottom:1px solid #000000'>396</font></p></td></tr><tr align="left"><td valign="top" style='width:831.4pt'><p style='margin:0'>Total operating lease liabilities</p></td><td valign="top" style='width:264.35pt'><p align="right" style='margin:0'>$449</p></td></tr></table><table style='border-collapse:collapse;width:100%'><tr style='height:23.75pt'><td valign="top" style='width:796.35pt'><p style='margin:0'>Maturities of operating lease liabilities at December 31, 2021 were as follows (<i>in thousands</i>):</p></td><td valign="top" style='width:299.4pt'><p align="right" style='margin:0'>As of December 31, 2021</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:796.35pt'><p style='margin:0'>2022</p></td><td valign="top" bgcolor="#CCEEFF" style='width:299.4pt'><p align="right" style='margin:0'>$66</p></td></tr><tr align="left"><td valign="top" style='width:796.35pt'><p style='margin:0'>2023</p></td><td valign="top" style='width:299.4pt'><p align="right" style='margin:0'>66</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:796.35pt'><p style='margin:0'>2024</p></td><td valign="top" bgcolor="#CCEEFF" style='width:299.4pt'><p align="right" style='margin:0'>57</p></td></tr><tr align="left"><td valign="top" style='width:796.35pt'><p style='margin:0'>2025</p></td><td valign="top" style='width:299.4pt'><p align="right" style='margin:0'>49</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:796.35pt'><p style='margin:0'>2026</p></td><td valign="top" bgcolor="#CCEEFF" style='width:299.4pt'><p align="right" style='margin:0'>49</p></td></tr><tr align="left"><td valign="top" style='width:796.35pt'><p style='margin:0'>Thereafter</p></td><td valign="top" style='width:299.4pt'><p align="right" style='margin:0'>227</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:796.35pt'><p style='margin:0'> Total lease payments</p></td><td valign="top" bgcolor="#CCEEFF" style='width:299.4pt'><p align="right" style='margin:0'>$514</p></td></tr><tr align="left"><td valign="top" style='width:796.35pt'><p style='margin:0'> Less: imputed interest</p></td><td valign="top" style='width:299.4pt'><p align="right" style='margin:0'>(65)</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:796.35pt'><p style='margin:0'> Total lease liabilities</p></td><td valign="top" bgcolor="#CCEEFF" style='width:299.4pt'><p align="right" style='margin:0'>$449</p></td></tr><tr align="left"><td valign="top" style='width:796.35pt'><p style='margin:0'> </p></td><td valign="top" style='width:299.4pt'><p align="right" style='margin:0'> </p></td></tr><tr align="left"><td valign="top" style='width:796.35pt'><p style='margin:0'> </p></td><td valign="top" style='width:299.4pt'><p align="right" style='margin:0'> </p></td></tr><tr style='height:23.75pt'><td valign="top" style='width:796.35pt'><p style='margin:0'>The following table provides information on the lease terms and discount rates:</p></td><td valign="top" style='width:299.4pt'><p align="right" style='margin:0'>As of December 31, 2021</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:796.35pt'><p>Weighted average remaining lease term (in years)</p></td><td valign="top" bgcolor="#CCEEFF" style='width:299.4pt'><p align="right" style='margin:0'>9.1 years</p></td></tr><tr align="left"><td valign="top" style='width:796.35pt'><p style='margin:0'>Weighted average discount rate</p></td><td valign="top" style='width:299.4pt'><p align="right" style='margin:0'>3.6%</p></td></tr></table><p style='margin:0'> </p><p style='margin-top:0pt;margin-bottom:10pt'> </p>
P10Y
P30M
87000
63000
61000
60000
<table style='border-collapse:collapse;width:100%'><tr style='height:23.85pt'><td valign="top" style='width:831.4pt'><p style='margin:0'> </p></td><td valign="top" style='width:264.35pt'><p align="right" style='margin:0'>As of December 31, 2021</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:831.4pt'><p style='margin:0'>Operating lease right-of-use assets</p></td><td valign="top" bgcolor="#CCEEFF" style='width:264.35pt'><p align="right" style='margin:0'>$449</p></td></tr><tr align="left"><td valign="top" style='width:831.4pt'><p style='margin:0'>Operating lease liabilities – current (included in Accrued Expenses)</p></td><td valign="top" style='width:264.35pt'><p align="right" style='margin:0'>52</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:831.4pt'><p style='margin:0'>Operating lease liabilities – long term</p></td><td valign="top" bgcolor="#CCEEFF" style='width:264.35pt'><p align="right" style='margin:0'><font style='border-bottom:1px solid #000000'>396</font></p></td></tr><tr align="left"><td valign="top" style='width:831.4pt'><p style='margin:0'>Total operating lease liabilities</p></td><td valign="top" style='width:264.35pt'><p align="right" style='margin:0'>$449</p></td></tr></table>
449000
http://fasb.org/us-gaap/2021-01-31#AccruedLiabilitiesCurrent
52000
396000
<table style='border-collapse:collapse;width:100%'><tr style='height:23.75pt'><td valign="top" style='width:796.35pt'><p style='margin:0'>Maturities of operating lease liabilities at December 31, 2021 were as follows (<i>in thousands</i>):</p></td><td valign="top" style='width:299.4pt'><p align="right" style='margin:0'>As of December 31, 2021</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:796.35pt'><p style='margin:0'>2022</p></td><td valign="top" bgcolor="#CCEEFF" style='width:299.4pt'><p align="right" style='margin:0'>$66</p></td></tr><tr align="left"><td valign="top" style='width:796.35pt'><p style='margin:0'>2023</p></td><td valign="top" style='width:299.4pt'><p align="right" style='margin:0'>66</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:796.35pt'><p style='margin:0'>2024</p></td><td valign="top" bgcolor="#CCEEFF" style='width:299.4pt'><p align="right" style='margin:0'>57</p></td></tr><tr align="left"><td valign="top" style='width:796.35pt'><p style='margin:0'>2025</p></td><td valign="top" style='width:299.4pt'><p align="right" style='margin:0'>49</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:796.35pt'><p style='margin:0'>2026</p></td><td valign="top" bgcolor="#CCEEFF" style='width:299.4pt'><p align="right" style='margin:0'>49</p></td></tr><tr align="left"><td valign="top" style='width:796.35pt'><p style='margin:0'>Thereafter</p></td><td valign="top" style='width:299.4pt'><p align="right" style='margin:0'>227</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:796.35pt'><p style='margin:0'> Total lease payments</p></td><td valign="top" bgcolor="#CCEEFF" style='width:299.4pt'><p align="right" style='margin:0'>$514</p></td></tr><tr align="left"><td valign="top" style='width:796.35pt'><p style='margin:0'> Less: imputed interest</p></td><td valign="top" style='width:299.4pt'><p align="right" style='margin:0'>(65)</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:796.35pt'><p style='margin:0'> Total lease liabilities</p></td><td valign="top" bgcolor="#CCEEFF" style='width:299.4pt'><p align="right" style='margin:0'>$449</p></td></tr><tr align="left"><td valign="top" style='width:796.35pt'><p style='margin:0'> </p></td><td valign="top" style='width:299.4pt'><p align="right" style='margin:0'> </p></td></tr><tr align="left"><td valign="top" style='width:796.35pt'><p style='margin:0'> </p></td><td valign="top" style='width:299.4pt'><p align="right" style='margin:0'> </p></td></tr><tr style='height:23.75pt'><td valign="top" style='width:796.35pt'><p style='margin:0'>The following table provides information on the lease terms and discount rates:</p></td><td valign="top" style='width:299.4pt'><p align="right" style='margin:0'>As of December 31, 2021</p></td></tr><tr align="left"><td valign="top" bgcolor="#CCEEFF" style='width:796.35pt'><p>Weighted average remaining lease term (in years)</p></td><td valign="top" bgcolor="#CCEEFF" style='width:299.4pt'><p align="right" style='margin:0'>9.1 years</p></td></tr><tr align="left"><td valign="top" style='width:796.35pt'><p style='margin:0'>Weighted average discount rate</p></td><td valign="top" style='width:299.4pt'><p align="right" style='margin:0'>3.6%</p></td></tr></table><p style='margin:0'> </p>
66000
66000
57000
49000
49000
227000
514000
65000
449000
P9Y1M6D
0.0360
<p style='margin:0'><font style='border-bottom:1px solid #000000'>Note 15 – Distribution Agreement Purchase</font></p><p style='margin:0'> </p><p style='margin:0'>UTMD completed the purchase of exclusive U.S. distribution rights for the Filshie Clip System from CooperSurgical, Inc. (CSI) on February 1, 2019, after which CSI will no longer sell the FILSHIE Clip System and UTMD will distribute the FILSHIE Clip System directly to clinical facilities in the U.S. The $21,000 purchase price represents an identifiable intangible asset which will be straight-line amortized and recognized as part of G&A expenses over the 4.75 year remaining life of the prior CSI distribution agreement with Femcare. As part of the agreement, UTMD also purchased the remaining CSI inventory for approximately $2,100.</p><p style='margin:0'> </p>
21000000
4.75
<p style='margin:0'><font style='border-bottom:1px solid #000000'>Note 16 – Earnings Per Share</font></p><p style='margin:0'> </p><p style='margin:0'>Basic earnings per share is calculated by dividing net income attributable to the common stockholders of the company by the weighted average number of common shares outstanding during the period. Diluted earnings per share is calculated by assuming the exercise of stock options at the closing price of stock at the end of 2021.</p><p style='margin:0'> </p><p style='margin:0'> </p><p style='margin:0'>The following table reconciles the numerator and the denominator used to calculate basic and diluted earnings per share:</p><table style='border-collapse:collapse;width:100%'><tr style='height:12.5pt'><td colspan="6" valign="top" style='width:1095.75pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'> </p></td></tr><tr style='height:12.5pt'><td colspan="6" valign="top" style='width:1095.75pt;padding-left:5.75pt;padding-right:5.75pt'><p align="center" style='margin:0'> </p></td></tr><tr style='height:12.5pt'><td valign="top" style='width:434.95pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'> </p></td><td valign="middle" style='width:184.95pt;padding-left:5.75pt;padding-right:5.75pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2021</p></td><td valign="top" style='width:53pt;padding-left:5.75pt;padding-right:5.75pt'><p align="center" style='margin:0'> </p></td><td valign="middle" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2020</p></td><td valign="top" style='width:52.15pt;padding-left:5.75pt;padding-right:5.75pt'><p align="center" style='margin:0'> </p></td><td valign="middle" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2019</p></td></tr><tr style='height:12.5pt'><td valign="top" bgcolor="#CCEEFF" style='width:434.95pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'><b>Numerator </b><i>(in thousands)</i></p></td><td valign="top" bgcolor="#CCEEFF" style='width:184.95pt;padding-left:5.75pt;padding-right:5.75pt;border-top:0.5pt solid #000000'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:53pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt;border-top:0.5pt solid #000000'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:52.15pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt;border-top:0.5pt solid #000000'><p style='margin:0'> </p></td></tr><tr style='height:11.2pt'><td valign="top" style='width:434.95pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'>Net income</p></td><td valign="middle" style='width:184.95pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'>14,788</p></td><td valign="top" style='width:53pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'> </p></td><td valign="middle" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'>10,798</p></td><td valign="top" style='width:52.15pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'> </p></td><td valign="middle" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'>14,727</p></td></tr><tr style='height:12.5pt'><td valign="top" bgcolor="#CCEEFF" style='width:434.95pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:184.95pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:53pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:52.15pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'> </p></td></tr><tr style='height:12pt'><td valign="top" style='width:434.95pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'><b>Denominator</b></p></td><td valign="top" style='width:184.95pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'> </p></td><td valign="top" style='width:53pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'> </p></td><td valign="top" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'> </p></td><td valign="top" style='width:52.15pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'> </p></td><td valign="top" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'> </p></td></tr><tr style='height:12.5pt'><td valign="top" bgcolor="#CCEEFF" style='width:434.95pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'>Weighted average shares, basic</p></td><td valign="middle" bgcolor="#CCEEFF" style='width:184.95pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'>3,647</p></td><td valign="top" bgcolor="#CCEEFF" style='width:53pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'> </p></td><td valign="middle" bgcolor="#CCEEFF" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'>3,658</p></td><td valign="top" bgcolor="#CCEEFF" style='width:52.15pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'> </p></td><td valign="middle" bgcolor="#CCEEFF" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'>3,721</p></td></tr><tr style='height:12.5pt'><td valign="top" style='width:434.95pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'>Dilutive effect of stock options</p></td><td valign="middle" style='width:184.95pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'>13</p></td><td valign="top" style='width:53pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'> </p></td><td valign="middle" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'>14</p></td><td valign="top" style='width:52.15pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'> </p></td><td valign="middle" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'>18</p></td></tr><tr style='height:12.5pt'><td valign="top" bgcolor="#CCEEFF" style='width:434.95pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'>Diluted shares</p></td><td valign="middle" bgcolor="#CCEEFF" style='width:184.95pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'>3,660</p></td><td valign="top" bgcolor="#CCEEFF" style='width:53pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'> </p></td><td valign="middle" bgcolor="#CCEEFF" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'>3,672</p></td><td valign="top" bgcolor="#CCEEFF" style='width:52.15pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'> </p></td><td valign="middle" bgcolor="#CCEEFF" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'>3,739</p></td></tr><tr style='height:12.5pt'><td valign="top" style='width:434.95pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'> </p></td><td valign="middle" style='width:184.95pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:53pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'> </p></td><td valign="middle" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:52.15pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'> </p></td><td valign="middle" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'> </p></td></tr><tr style='height:12.5pt'><td valign="top" bgcolor="#CCEEFF" style='width:434.95pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'>Earnings per share, basic</p></td><td valign="middle" bgcolor="#CCEEFF" style='width:184.95pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'>4.05</p></td><td valign="top" bgcolor="#CCEEFF" style='width:53pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'> </p></td><td valign="middle" bgcolor="#CCEEFF" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'>2.95</p></td><td valign="top" bgcolor="#CCEEFF" style='width:52.15pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'> </p></td><td valign="middle" bgcolor="#CCEEFF" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'>3.96</p></td></tr><tr style='height:12.5pt'><td valign="top" style='width:434.95pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'>Earnings per share, diluted</p></td><td valign="middle" style='width:184.95pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'>4.04</p></td><td valign="top" style='width:53pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'> </p></td><td valign="middle" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'>2.94</p></td><td valign="top" style='width:52.15pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'> </p></td><td valign="middle" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'>3.94</p></td></tr></table><p style='margin:0'> </p>
<p style='margin:0'> </p><p style='margin:0'>The following table reconciles the numerator and the denominator used to calculate basic and diluted earnings per share:</p><table style='border-collapse:collapse;width:100%'><tr style='height:12.5pt'><td colspan="6" valign="top" style='width:1095.75pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'> </p></td></tr><tr style='height:12.5pt'><td colspan="6" valign="top" style='width:1095.75pt;padding-left:5.75pt;padding-right:5.75pt'><p align="center" style='margin:0'> </p></td></tr><tr style='height:12.5pt'><td valign="top" style='width:434.95pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'> </p></td><td valign="middle" style='width:184.95pt;padding-left:5.75pt;padding-right:5.75pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2021</p></td><td valign="top" style='width:53pt;padding-left:5.75pt;padding-right:5.75pt'><p align="center" style='margin:0'> </p></td><td valign="middle" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2020</p></td><td valign="top" style='width:52.15pt;padding-left:5.75pt;padding-right:5.75pt'><p align="center" style='margin:0'> </p></td><td valign="middle" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt;border-bottom:0.5pt solid #000000'><p align="center" style='margin:0'>2019</p></td></tr><tr style='height:12.5pt'><td valign="top" bgcolor="#CCEEFF" style='width:434.95pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'><b>Numerator </b><i>(in thousands)</i></p></td><td valign="top" bgcolor="#CCEEFF" style='width:184.95pt;padding-left:5.75pt;padding-right:5.75pt;border-top:0.5pt solid #000000'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:53pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt;border-top:0.5pt solid #000000'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:52.15pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt;border-top:0.5pt solid #000000'><p style='margin:0'> </p></td></tr><tr style='height:11.2pt'><td valign="top" style='width:434.95pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'>Net income</p></td><td valign="middle" style='width:184.95pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'>14,788</p></td><td valign="top" style='width:53pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'> </p></td><td valign="middle" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'>10,798</p></td><td valign="top" style='width:52.15pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'> </p></td><td valign="middle" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'>14,727</p></td></tr><tr style='height:12.5pt'><td valign="top" bgcolor="#CCEEFF" style='width:434.95pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:184.95pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:53pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:52.15pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'> </p></td><td valign="top" bgcolor="#CCEEFF" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'> </p></td></tr><tr style='height:12pt'><td valign="top" style='width:434.95pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'><b>Denominator</b></p></td><td valign="top" style='width:184.95pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'> </p></td><td valign="top" style='width:53pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'> </p></td><td valign="top" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'> </p></td><td valign="top" style='width:52.15pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'> </p></td><td valign="top" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'> </p></td></tr><tr style='height:12.5pt'><td valign="top" bgcolor="#CCEEFF" style='width:434.95pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'>Weighted average shares, basic</p></td><td valign="middle" bgcolor="#CCEEFF" style='width:184.95pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'>3,647</p></td><td valign="top" bgcolor="#CCEEFF" style='width:53pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'> </p></td><td valign="middle" bgcolor="#CCEEFF" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'>3,658</p></td><td valign="top" bgcolor="#CCEEFF" style='width:52.15pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'> </p></td><td valign="middle" bgcolor="#CCEEFF" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'>3,721</p></td></tr><tr style='height:12.5pt'><td valign="top" style='width:434.95pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'>Dilutive effect of stock options</p></td><td valign="middle" style='width:184.95pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'>13</p></td><td valign="top" style='width:53pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'> </p></td><td valign="middle" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'>14</p></td><td valign="top" style='width:52.15pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'> </p></td><td valign="middle" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'>18</p></td></tr><tr style='height:12.5pt'><td valign="top" bgcolor="#CCEEFF" style='width:434.95pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'>Diluted shares</p></td><td valign="middle" bgcolor="#CCEEFF" style='width:184.95pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'>3,660</p></td><td valign="top" bgcolor="#CCEEFF" style='width:53pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'> </p></td><td valign="middle" bgcolor="#CCEEFF" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'>3,672</p></td><td valign="top" bgcolor="#CCEEFF" style='width:52.15pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'> </p></td><td valign="middle" bgcolor="#CCEEFF" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'>3,739</p></td></tr><tr style='height:12.5pt'><td valign="top" style='width:434.95pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'> </p></td><td valign="middle" style='width:184.95pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:53pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'> </p></td><td valign="middle" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'> </p></td><td valign="top" style='width:52.15pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'> </p></td><td valign="middle" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'> </p></td></tr><tr style='height:12.5pt'><td valign="top" bgcolor="#CCEEFF" style='width:434.95pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'>Earnings per share, basic</p></td><td valign="middle" bgcolor="#CCEEFF" style='width:184.95pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'>4.05</p></td><td valign="top" bgcolor="#CCEEFF" style='width:53pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'> </p></td><td valign="middle" bgcolor="#CCEEFF" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'>2.95</p></td><td valign="top" bgcolor="#CCEEFF" style='width:52.15pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'> </p></td><td valign="middle" bgcolor="#CCEEFF" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'>3.96</p></td></tr><tr style='height:12.5pt'><td valign="top" style='width:434.95pt;padding-left:5.75pt;padding-right:5.75pt'><p style='margin:0'>Earnings per share, diluted</p></td><td valign="middle" style='width:184.95pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'>4.04</p></td><td valign="top" style='width:53pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'> </p></td><td valign="middle" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'>2.94</p></td><td valign="top" style='width:52.15pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'> </p></td><td valign="middle" style='width:185.35pt;padding-left:5.75pt;padding-right:5.75pt'><p align="right" style='margin:0'>3.94</p></td></tr></table><p style='margin:0'> </p>
14788000
10798000
14727000
3647000
3658000
3721000
13000
14000
18000
3660000
3672000
3739000
4.05
2.95
3.96
4.04
2.94
3.94
<p style='margin:0'><font style='border-bottom:1px solid #000000'>Note 17 – Recent Accounting Pronouncements</font></p><p style='margin:0'> </p><p style='margin:0'>The Company has determined that other recently issued accounting standards will either have no material impact on its consolidated financial position, results of operations or cash flows, or will not apply to its operations.</p>
<p style='margin:0'>The Company has determined that other recently issued accounting standards will either have no material impact on its consolidated financial position, results of operations or cash flows, or will not apply to its operations.</p>
<p style='margin:0'><font style='border-bottom:1px solid #000000'>Note 18 – Subsequent Events</font></p><p style='margin:0'> </p><p style='margin:0'>The Company evaluated its December 31, 2021 financial statements for subsequent events through the date the financial statements were issued. The Company is not aware of any subsequent events which would require recognition or disclosure in the financial statements. </p><p style='margin:0'> </p>
0000706698
2021-01-01
2021-12-31
0000706698
2021-12-31
0000706698
2021-06-30
0000706698
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