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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets    
Cash and cash equivalents $ 526 $ 642
Income tax receivable 14 14
Accounts receivable – trade after allowance for doubtful accounts of $35.0 thousand in 2016 and 2015 3,361 1,669
Receivables from related parties (Note 10) 150 208
Inventories (Note 1) 3,437 2,410
Prepaid expenses and other current assets 216 160
Total current assets 7,704 5,103
Net property and equipment (Note 1) 13,068 14,152
Other assets    
Deferred income taxes (Note 7) 27 97
Other non-current assets 57 82
Total other assets 84 179
Total assets 20,856 19,434
Current liabilities    
Current maturities of long-term debt (Note 3) 2,942 20
Current maturities of capital lease obligations (Note 4) 198 0
Bank overdrafts 79 0
Accounts payable 1,605 2,152
Payable and accrued expenses to related parties (Note 10) 578 1,922
Other current liabilities 627 194
Total current liabilities 6,029 4,288
Long-term liabilities    
Long-term debt, related parties (Note 3 and 10) 1,504 0
Capital lease obligations, net of current maturities (Note 4) 1,050 0
Total long-term liabilities 2,554 0
Shareholders’ equity    
Common stock, $0.0033 par value: 20.0 million shares authorized in 2016 and 2015; 8,105,231 and 8,049,622 shares issued in 2016 and 2015, respectively; 8,074,541 and 8,018,932 shares outstanding in 2016 and 2015, respectively 27 27
Additional paid-in capital 23,912 23,555
Stock warrants outstanding 1,025 1,025
Retained losses (12,647) (9,417)
Treasury stock at cost, 30,690 shares in 2016 and 2015 (44) (44)
Total shareholders’ equity 12,273 15,146
Total liabilities and shareholders’ equity $ 20,856 $ 19,434