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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
CURRENT ASSETS    
Cash and cash equivalents $ 5,639 $ 13,499
Bank acceptance notes 904
Accounts receivable, trade, less allowances for doubtful accounts of $2,163 and $1,725 in 2018 and 2017, respectively 2,261 1,199
Inventories, net 1,808 1,110
Prepaid expenses 501 748
Other current assets 642 767
Total current assets 10,851 18,227
Property, plant and equipment, net 10,887 8,728
Assets held for sale (Note 7) 5,336 6,155
Other long-term assets 75 76
Total assets 27,149 33,186
CURRENT LIABILITIES    
Accounts payable 2,218 971
Accrued liabilities 1,348 2,307
Income taxes payable 900 896
Due to factor 374 454
Total current liabilities 4,840 4,628
Deferred tax liabilities 306 698
Total liabilities 5,146 5,326
COMMITMENTS AND CONTINGENCIES (Note 10)
Stockholders’ equity    
Preferred stock, $0.01 par value, 20,000,000 shares authorized; no shares issued and outstanding
Common stock, $0.01 par value, 200,000,000 shares authorized; 20,153,269 and 20,152,029 issued and outstanding, respectively as of December 31, 2018 and 19,919,529 and 19,918,289 issued and outstanding, respectively as of December 31, 2017 201 195
Treasury stock, 1,240 shares at cost (57) (57)
Additional paid-in capital 232,345 232,149
Accumulated deficit (204,832) (199,072)
Accumulated other comprehensive loss, net of taxes (5,654) (5,355)
Total stockholders’ equity 22,003 27,860
Total liabilities and stockholders’ equity $ 27,149 $ 33,186