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Consolidated Statements of Cash Flows (Unaudited) (USD $)
6 Months Ended 12 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Dec. 31, 2011
Dec. 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES        
Net Income (Loss) $ 1,139,000 $ 860,000 $ 2,247,000 $ (2,909,000)
Adjustments to Reconcile Net Income (Loss) to Net Cash provided by Operating Activities        
Depreciation of property and equipment 715,000 791,000 1,503,000 1,767,000
Amortization of intangible assets 84,000 84,000 168,000 168,000
Amortization of capitalized engineering costs 225,000 360,000 580,000 992,000
Bad debt expense 241,000 188,000 427,000 346,000
Non-cash compenstion expense 43,000 60,000 131,000 368,000
Non-cash interest expense including amortization of debt discounts 0 0 0 1,323,000
Amortization of deferred financing costs 27,000 88,000 136,000 279,000
Gain on sale of real estate (19,000) (19,000) (38,000) (38,000)
Adjustments to Lease Impairment 53,000 0 0 0
(Increase) Decrease in Operating Assets:        
Accounts Receivable (3,680,000) (1,177,000) (2,088,000) 848,000
Assets Held for Sale     0 188,000
Inventory 1,280,000 (303,000) (1,078,000) 125,000
Prepaid Expenses and Other Current Assets 143,000 33,000 (123,000) 61,000
Income Taxes Receivable     0 33,000
Deposits (124,000) 50,000 57,000 35,000
Other Assets 57,000 3,000 (87,000) (198,000)
Increase (Decrease) in Operating Liabilities:        
Accounts payable and accrued expenses (735,000) 813,000 1,567,000 236,000
Deferred Rent 47,000 95,000 174,000 190,000
Income Taxes payable 586,000 25,000 57,000 0
Liabilities Held For Sale     0 (914,000)
NET CASH PROVIDED BY OPERATING ACTIVITIES 82,000 1,951,000 3,633,000 2,900,000
CASH FLOWS FROM INVESTING ACTIVITIES        
Cash paid for acquisition (11,400,000) 0    
Capitalized engineering costs (162,000) (296,000) (510,000) (343,000)
Purchase of property and equipment (243,000) (288,000) (778,000) (770,000)
Deposit for new property and equipment (116,000) 0    
NET CASH USED IN INVESTING ACTIVITIES (11,921,000) (584,000) (1,288,000) (1,113,000)
CASH FLOWS FROM FINANCING ACTIVITIES        
Proceeds from Private Placement 6,885,000 0    
Payment of Issuance costs for Private Placement (553,000) 0    
Notes payable - Sellers (295,000) (210,000) (377,000) (285,000)
Capital lease obligations (282,000) (195,000) (398,000) (368,000)
Notes payable-Jr. Subordinated Debt     (130,000) (50,000)
Notes payable - SFFC     0 (4,460,000)
Notes payable - Revolver 3,397,000 (677,000) (284,000) 849,000
Notes payable - Term Loan PNC 3,400,000 (500,000) (1,000,000) 3,000,000
Cash paid for deferred financing costs 0 (20,000) (20,000) (175,000)
Payments related to Lease Impairment (55,000) (50,000) (96,000) (223,000)
NET CASH USED IN FINANCING ACTIVITIES 12,497,000 (1,652,000) (2,305,000) (1,712,000)
NET INCREASE IN CASH AND CASH EQUIVALENTS 658,000 (285,000) 40,000 75,000
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 577,000 537,000 537,000 462,000
CASH AND CASH EQUIVALENTS AT END OF YEAR 1,235,000 252,000 577,000 537,000
Supplemental cash flow information:        
Cash paid during the year for interest 860,000 944,000 1,895,000 2,345,000
Cash paid during the year for income taxes 64,000 0 0 0
Supplemental schedule of non-cash investing and financing activities:        
Junior Subordinated Debt Converted to Common Stock 5,204,000      
Property and equipment acquired under capital leases 0 827,000 827,000 0
Non-cash dividends on Series B Preferred Stock     0 1,436,000
Purchase of substantially all assets of Nassau Tool Works, Inc and assumption of liabilities in the acquisition as follows:        
Fair Value of Tangible Assets acquired (7,941,000)      
Intangible assets, subject to amortization (4,975,000)      
Goodwill (162,000)      
Liabilities assumed (660,000)      
Due to Seller (718,000)      
Common Stock (300,000)      
Cash paid for acquisition $ 11,400,000