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CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2016
Dec. 31, 2015
Current assets    
Cash and cash equivalents $ 428,000 $ 642,000
Income tax receivable 11,000 14,000
Accounts receivable – trade (after allowance for doubtful accounts of $35.0 thousand in 2016 and 2015, respectively) 2,095,000 1,669,000
Due from Related Parties, Current 63,000 208,000
Inventories 2,826,000 2,410,000
Prepaid expenses and other current assets 168,000 160,000
Total current assets 5,591,000 5,103,000
Net property and equipment 13,602,000 14,152,000
Other assets    
Deferred income taxes 97,000 97,000
Other non-current assets 293,000 82,000
Total other assets 390,000 179,000
Total assets 19,583,000 19,434,000
Current liabilities    
Current maturities of long-term debt 0 20,000
Accounts payable 1,895,000 2,152,000
Payable to related parties 343,000 1,922,000
Other current liabilities 317,000 194,000
Total current liabilities 2,555,000 4,288,000
Long-term liabilities    
Long-term debt, net of current maturities 1,667,000 0
Due to Related Parties, Noncurrent 1,504,000 0
Total long-term liabilities 3,171,000 0
Shareholders’ equity    
Common stock, $0.0033 par value: 20.0 million shares authorized in 2016 and 2015; 8,049,622 shares issued in 2016 and 2015; 8,018,932 shares outstanding in 2016 and 2015 27,000 27,000
Additional paid-in capital 23,691,000 23,555,000
Stock warrants outstanding 1,025,000 1,025,000
Retained losses (10,842,000) (9,417,000)
Treasury stock at cost, 30,690 shares in 2016 and 2015, respectively (44,000) (44,000)
Total shareholders’ equity 13,857,000 15,146,000
Total liabilities and shareholders’ equity $ 19,583,000 $ 19,434,000