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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current assets    
Cash and cash equivalents $ 415 $ 642
Income tax receivable 9 14
Accounts receivable – trade (after allowance for doubtful accounts of $0.0 thousand and $35.0 thousand in 2016 and 2015, respectively) 3,452 1,669
Receivables from related parties 144 208
Inventories 3,182 2,410
Prepaid expenses and other current assets 80 160
Total current assets 7,282 5,103
Net property and equipment 14,318 14,152
Other assets    
Deferred income taxes 62 97
Other non-current assets 250 82
Total other assets 312 179
Total assets 21,912 19,434
Current liabilities    
Current maturities of long-term debt 0 20
Current maturities of capital lease obligations 91 0
Bank overdrafts 140 0
Accounts payable 1,726 2,152
Payable and accrued expenses to related parties 491 1,922
Other current liabilities 325 194
Total current liabilities 2,773 4,288
Long-term liabilities    
Long-term debt, net of current maturities 3,020 0
Long-term debt, net of current maturities, related parties 1,504 0
Capital lease obligations, net of current maturities 1,185 0
Total long-term liabilities 5,709 0
Shareholders’ equity    
Common stock, $0.0033 par value: 20.0 million shares authorized in 2016 and 2015; 8,068,971 and 8,049,622 shares issued in 2016 and 2015; 8,038,281 and 8,018,932 shares outstanding in 2016 and 2015 27 27
Additional paid-in capital 23,891 23,555
Stock warrants outstanding 1,025 1,025
Retained losses (11,469) (9,417)
Treasury stock at cost, 30,690 shares in 2016 and 2015 (44) (44)
Total shareholders’ equity 13,430 15,146
Total liabilities and shareholders’ equity $ 21,912 $ 19,434