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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2016
Dec. 31, 2015
Current Assets    
Cash and Cash Equivalents $ 369,000 $ 529,000
Accounts Receivable, Net of Allowance for Doubtful Accounts of $902,000 and $985,000, respectively 9,811,000 13,662,000
Inventory 40,657,000 36,923,000
Deferred Tax Asset 2,356,000 1,725,000
Prepaid Expenses and Other Current Assets 1,444,000 1,583,000
Assets Held for Sale, Net 1,675,000 1,700,000
Total Current Assets 56,312,000 56,122,000
Property and Equipment, net 15,264,000 15,299,000
Capitalized Engineering Costs - Net of Accumulated Amortization of $4,701,000 and $4,595,000, respectively 1,133,000 1,027,000
Deferred Financing Costs, Net, Deposits and Other Assets 963,000 1,094,000
Intangible Assets, net 3,532,000 3,852,000
Deferred Tax Asset, Net 398,000 338,000
Goodwill 10,518,000 10,518,000
TOTAL ASSETS 88,120,000 88,250,000
Current Liabilities    
Notes Payable and Capitalized Lease Obligations - Current Portion 40,865,000 40,893,000
Accounts Payable and Accrued Expenses 12,994,000 12,053,000
Deferred Gain on Sale - Current Portion 38,000 38,000
Deferred revenue 1,310,000 958,000
Income Taxes Payable 24,000 14,000
Total Current Liabilities 55,231,000 53,956,000
Long Term Liabilities    
Notes Payable and Capitalized Lease Obligations - Net of Current Portion 3,917,000 3,912,000
Deferred Gain on Sale - Net of Current Portion 361,000 371,000
Deferred Rent 1,209,000 1,206,000
TOTAL LIABILITIES $ 60,718,000 $ 59,445,000
Commitments and Contingencies
Stockholders' Equity    
Preferred Stock - Par Value $.001 - Authorized 1,000,000 Shares, None Issued and Outstanding at March 31, 2016 and December 31, 2015
Common Stock - Par Value $.001 - Authorized 25,000,000 Shares, 7,560,040 Shares Issued and Outstanding as of March 31, 2016 and December 31, 2015 $ 7,000 $ 7,000
Additional Paid-In Capital 44,182,000 44,155,000
Accumulated Deficit (16,787,000) (15,357,000)
TOTAL STOCKHOLDERS' EQUITY 27,402,000 28,805,000
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 88,120,000 $ 88,250,000