INCOME TAXES (Tables)

6 Months Ended

Jun. 30, 2016

Income Tax Disclosure [Abstract]

Provision for income

	2016			2015
Current:
Federal		-			186,000
State		23,000			4,000
Prior year (over)/under Accrual
Federal		13,000			-
Total current expense		36,000			190,000
Deferred tax (benefit) expense		(818,000	)		(17,000	)
Total tax (benefit) expense		(782,000	)		173,000

Deferred tax assets

	June 30, 2016			December 31,
	2016			2015
Deferred Tax Assets
Net operating losses		1,182,000			462,000
Bad debts		251,000			336,000
Accounts payable, accrued expenses and reserves		-			8,000
Inventory - 263A adjustment		961,000			919,000
Total current deferred tax assets before valuation allowance		2,394,000			1,725,000
Valuation allowance		-			-
Total current deferred tax assets after valuation allowance		2,394,000			1,725,000
Capitalized engineering costs		427,000			432,000
Deferred rent		412,000			410,000
Deferred gain on sale of real estate		120,000			126,000
Lease impairment		-			-
Stock based compensation - options and restricted stock		104,000			79,000
Intangibles NTW		902,000			789,000
Capital loss carry forwards		-			-
Section 1231 loss carry forward		4,000			4,000
Inventory		727,000			680,000
Other		131,000			257,000
Total non-current deferred tax assets before valuation allowance		2,827,000			2,777,000
Valuation allowance		(4,000	)		(4,000	)
Total non-current deferred tax assets after valuation allowance		2,823,000			2,773,000
Deferred Tax Liabilities
Property and equipment		(2,012,000	)		(2,091,000	)
Amortization - Welding Transaction		(284,000	)		(313,000	)
Amortization - NTW Goodwill		(15,000	)		(13,000	)
Amortization - AMK Goodwill		(25,000	)		(18,000	)
Total non-current deferred tax liabilities		(2,336,000	)		(2,435,000	)
Net non-current deferred tax liabilities		487,000			338,000
Total Net Deferred Tax Assets		2,881,000			2,063,000