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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Current assets    
Cash and cash equivalents $ 591 $ 1,059
Accounts receivable – trade (after allowance for doubtful accounts of $50.0 thousand and $100.0 thousand in 2015 and 2014, respectively) 5,023 10,019
Inventories 5,461 6,777
Prepaid expenses 480 567
Property available for sale 0 398
Total current assets 11,555 18,820
Net property and equipment 15,537 18,742
Other assets    
Deferred income taxes 97 97
Other non-current assets 251 131
Total other assets 348 228
Total assets 27,440 37,790
Current liabilities    
Current maturities of long-term debt 8,823 15,911
Bank overdrafts 0 79
Accounts payable 3,923 3,315
Income tax payable 22 27
Interest rate swap agreement liability 16 10
Payable to related parties 1,834 1,775
Other current liabilities 413 168
Total current liabilities 15,031 21,285
Long-term liabilities    
Long-term debt, net of current maturities 0 0
Total long-term liabilities 0 0
Shareholders’ equity    
Common stock, $0.0033 par value: 20.0 million shares authorized in 2015 and 2014; 8,049,622 shares issued in 2015 and 2014; 7,968,262 and 7,956,410 shares outstanding in 2015 and 2014, respectively 27 27
Additional paid-in capital 23,443 23,249
Stock warrants outstanding 1,025 1,025
Retained losses (11,953) (7,652)
Accumulated other comprehensive loss (16) (10)
Treasury stock at cost, 81,360 and 93,212 shares in 2015 and 2014, respectively (117) (134)
Total shareholders’ equity 12,409 16,505
Total liabilities and shareholders’ equity $ 27,440 $ 37,790