XML 13 R3.htm IDEA: XBRL DOCUMENT v2.3.0.15
Condensed Consolidated Balance Sheets (USD $)
Sep. 30, 2011
Dec. 31, 2010
Sep. 30, 2010
Current assets   
Cash$ 220,000$ 29,000$ 221,000
Accounts receivable, net6,009,0004,761,0006,858,000
Accounts receivable, subcontractor4,703,0002,956,0004,507,000
Inventory10,358,0008,600,0008,582,000
Other current assets752,000676,0001,081,000
Total current assets22,042,00017,022,00021,249,000
Property, plant & equipment, net302,000421,000303,000
Other assets:   
Deferred tax asset, net177,000177,000177,000
Goodwill1,329,0001,329,0001,329,000
Total other assets1,506,0001,506,0001,506,000
Total assets23,850,00018,949,00023,058,000
Current liabilities   
Accounts payable915,000878,0001,201,000
Accounts payable, subcontractor3,570,0001,165,0004,057,000
Accrued expenses1,119,000892,0001,361,000
Total current liabilities5,604,0002,935,0006,619,000
Long-term liabilities:   
Note payable2,525,000565,000827,000
Total liabilities8,129,0003,500,0007,446,000
Shareholders' Equity:   
Common stock*: authorized 25,000,000 shares $1.00 par value; shares issued and outstanding: 11,602,233 shares as of September 30, 2011 11,537,630 shares as of September 30, 2010 11,537,630 shares as of December 31, 201011,602,000[1]10,988,000[1]10,988,000[1]
Additional paid-in capital5,051,0005,515,0005,515,000
Accumulated deficit(709,000)(916,000)(737,000)
Unearned compensation(223,000)(138,000)(154,000)
Total shareholders' equity15,721,00015,449,00015,612,000
Total liabilities & shareholders' equity$ 23,850,000$ 18,949,000$ 23,058,000
[1]Common Stock has been adjusted to reflect 5% stock dividend paid on 3/31/2011