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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Current assets    
Cash and cash equivalents $ 550 $ 1,059
Income Taxes Receivable, Current 15 0
Accounts receivable – trade (after allowance for doubtful accounts of $35.0 thousand and $100.0 thousand in 2015 and 2014, respectively) 4,199 10,019
Inventories 4,389 6,777
Prepaid expenses 452 567
Property available for sale 0 398
Total current assets 9,605 18,820
Net property and equipment 14,931 18,742
Other assets    
Deferred income taxes 97 97
Other non-current assets 166 131
Total other assets 263 228
Total assets 24,799 37,790
Current liabilities    
Current maturities of long-term debt 7,664 15,911
Bank overdrafts 0 79
Accounts payable 3,486 3,392
Income tax payable 0 27
Interest rate swap agreement liability 19 10
Payable to related parties 1,805 1,698
Other current liabilities 371 168
Total current liabilities 13,345 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; 8,018,932 and 7,956,410 shares outstanding in 2015 and 2014, respectively 27 27
Additional paid-in capital 23,605 23,249
Stock warrants outstanding 1,025 1,025
Retained losses (13,140) (7,652)
Accumulated other comprehensive loss (19) (10)
Treasury stock at cost, 30,690 and 93,212 shares in 2015 and 2014, respectively (44) (134)
Total shareholders’ equity 11,454 16,505
Total liabilities and shareholders’ equity $ 24,799 $ 37,790