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Condensed Consolidated Balance Sheets (USD $)
Sep. 30, 2012
Dec. 31, 2011
Sep. 30, 2011
Current assets:      
Cash $ 225,000 $ 221,000 $ 220,000
Accounts receivable, net 6,582,000 6,363,000 6,009,000
Accounts receivable, subcontractor 3,841,000 4,132,000 4,703,000
Inventory 9,334,000 9,109,000 10,358,000
Other current assets 574,000 510,000 752,000
Total current assets 20,556,000 20,335,000 22,042,000
Property, plant & equipment, net 254,000 257,000 302,000
Other assets:      
Deferred tax asset, net 471,000 471,000 177,000
Long Term Note Receivable, net 17,000 0 0
Goodwill 1,329,000 1,329,000 1,329,000
Total other assets 1,817,000 1,800,000 1,506,000
Total assets 22,627,000 22,392,000 23,850,000
Current liabilities:      
Accounts payable 1,872,000 785,000 915,000
Accounts payable, subcontractor 1,781,000 3,687,000 3,570,000
Accrued expenses 1,286,000 1,300,000 1,119,000
Total current liabilities 4,939,000 5,772,000 5,604,000
Long-term liabilities:      
Note payable 2,206,000 1,059,000 2,525,000
Total liabilities 7,145,000 6,831,000 8,129,000
Shareholders' Equity:      
Common stock: authorized 25,000,000 shares $1.00 par value; shares issued and outstanding: 11,666,898 shares as of September 30, 2012 11,602,233 shares as of September 30, 2011 11,594,501 shares as of December 31, 2011 11,667,000 11,595,000 11,602,000
Additional paid-in capital 5,131,000 5,050,000 5,051,000
Accumulated deficit (1,047,000) (889,000) (709,000)
Unearned compensation (269,000) (195,000) (223,000)
Total shareholders' equity 15,482,000 15,561,000 15,721,000
Total liabilities & shareholders' equity $ 22,627,000 $ 22,392,000 $ 23,850,000