XML 46 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (Unaudited) (USD $)
Jun. 30, 2012
Dec. 31, 2011
Dec. 31, 2010
ASSETS      
Cash and Cash Equivalents $ 1,235,000 $ 577,000 $ 537,000
Accounts Receivable, Net of Allowance for Doubtful Accounts of $1,067,000, $950,000 and $523,000 10,544,000 6,042,000 4,381,000
Inventory 26,595,000 22,521,000 21,443,000
Prepaid Expenses and Other Current Assets 188,000 330,000 207,000
Taxes Receivable 0 0 16,000
Deposits - Customers 126,000 2,000 59,000
Total Current Assets 38,688,000 29,472,000 26,643,000
Property and Equipment, net 5,140,000 3,971,000 3,935,000
Capitalized Engineering Costs - net of Accumulated Amortization of $3,101,000, $2,990,000 and $2,410,000 906,000 969,000 1,039,000
Deferred Financing Costs, net, deposit and other assets 586,000 671,000 701,000
Intangible Assets, net 6,498,000 1,607,000 1,775,000
Goodwill 453,000 291,000 291,000
TOTAL ASSETS 52,271,000 36,981,000 34,384,000
LIABILITIES AND STOCKHOLDERS' EQUITY      
Current Portion Notes Payable and Capitalized Lease Obligations 17,297,000 14,055,000 12,940,000
Accounts Payable and Accrued Expenses 8,076,000 7,432,000 5,866,000
Lease Impairment - Current 91,000 85,000 96,000
Deferred Gain on Sale - Current Portion 38,000 38,000 38,000
Income Taxes Payable 626,000 41,000 0
Total Current Liabilities 26,128,000 21,651,000 18,940,000
Long term liabilities      
Notes Payable and Capitalized Lease Obligation - Net of Current Portion 6,766,000 8,992,000 11,536,000
Lease Impairment - Net of Current Portion 167,000 175,000 260,000
Deferred Gain on Sale - Net of Current Portion 504,000 523,000 561,000
Deferred Rent 1,022,000 974,000 800,000
Total Liabilities 34,587,000 32,315,000 32,097,000
Commitments and contingencies         
Stockholders' Equity      
Preferred Stock Par Value $.001-Authorized 8,003,716 shares Designated as Series ""A"" Convertible Preferred - $.001 par Value, 1,000 Shares Authorized 0 Shares issued and outstanding as of June 30, 2012, December 31, 2011 and December 31, 2010, respectively. 0 0 0
Designated as Series ""B"" Convertible Preferred -$.001 Par Value, 4,000,000 shares authorized, 0 and 0 shares issued and outstanding as of June 30, 2012, December 31, 2011 and December 31, 2010, respectively; Liquidation Value, $ 0 0 0 0
Common Stock - $.001 Par, 20,000,000 Shares Authorized, 5,672,760; 3,579,114 and 3,579,114 Shares Issued and Outstanding as of June 30, 2012, December 31, 2011 and December 31, 2010, respectively 6,000 4,000 4,000
Additional Paid-In Capital 38,018,000 26,141,000 26,009,000
Accumulated Deficit (20,340,000) (21,479,000) (23,726,000)
Total Stockholders' Equity 17,684,000 4,666,000 2,287,000
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 52,271,000 $ 36,981,000 $ 34,384,000