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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current Assets    
Cash and Cash Equivalents $ 1,043,000 $ 1,304,000
Accounts Receivable, Net of Allowance for Doubtful Accounts of $672,000 and $756,000, respectively 7,486,000 8,050,000
Inventory 38,132,000 39,851,000
Prepaid Expenses and Other Current Assets 659,000 557,000
Prepaid Taxes 231,000 409,000
Assets Held for Sale, Net 0 6,050,000
Total Current Assets 47,551,000 56,221,000
Property and Equipment, net 11,580,000 12,219,000
Capitalized Engineering Costs - Net of Accumulated Amortization of $5,038,000 and $4,957,000, respectively 1,791,000 1,627,000
Deferred Financing Costs, Net, Deposits 1,372,000 1,096,000
Intangible Assets, net 1,450,000 1,754,000
Goodwill 9,883,000 9,883,000
TOTAL ASSETS 73,627,000 82,800,000
Current Liabilities    
Notes Payable and Capitalized Lease Obligations - Current Portion 26,496,000 32,913,000
Notes Payable - Related Party - Current Portion 1,846,000 1,086,000
Accounts Payable and Accrued Expenses 15,333,000 16,160,000
Deferred Gain on Sale - Current Portion 38,000 38,000
Deferred Revenue 722,000 946,000
Liabilities Directly Associated with Assets Held for Sale 0 2,155,000
Income Taxes Payable 20,000 20,000
Total Current Liabilities 44,455,000 53,318,000
Long Term Liabilities    
Notes Payable and Capitalized Lease Obligations - Net of Current Portion 2,644,000 2,971,000
Deferred Gain on Sale - Net of Current Portion 323,000 333,000
Deferred Rent 1,294,000 1,288,000
TOTAL LIABILITIES 48,716,000 57,910,000
Commitments and Contingencies
Stockholders' Equity    
Preferred Stock - Par Value $.001 - Authorized 3,000,000 shares: Shares Designated as Series A Convertible Preferred Stock, par value $.001, Authorized 2,000,000 shares, 1,247,654 shares and 1,202,548 Shares Issued and Outstanding at March 31, 2017 and December 31, 2016, respectively, Aggregate iquidation preference $12,476,680 and $12,025,480, respectively 1,000 1,000
Common Stock - Par Value $. 001 - Authorized 25,000,000 Shares, 7,650,165 and 7,626,945 Shares Issued and Outstanding as of March 31, 2017 and December 31, 2016, respectively 7,000 7,000
Additional Paid-In Capital 57,038,000 55,862,000
Accumulated Deficit (32,135,000) (30,980,000)
TOTAL STOCKHOLDERS' EQUITY 24,911,000 24,890,000
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 73,627,000 $ 82,800,000