XML 12 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 503 $ 526
Income tax receivable 9 14
Accounts receivable – trade after allowance for doubtful accounts of $60.0 thousand and $35.0 thousand in 2017 and 2016, respectively 4,178 3,361
Receivables from related parties 45 150
Inventories 3,863 3,437
Prepaid expenses and other current assets 293 216
Total current assets 8,891 7,704
Net property and equipment 12,547 13,068
Other assets    
Deferred income taxes 27 27
Other non-current assets 188 57
Total other assets 215 84
Total assets 21,653 20,856
Current liabilities    
Current maturities of long-term debt 4,035 2,942
Current maturities of capital lease obligations 254 198
Checks in excess of bank 24 79
Accounts payable 1,823 1,605
Payables and accrued expenses to related parties 433 578
Other current liabilities 567 627
Total current liabilities 7,136 6,029
Long-term liabilities    
Long-term debt, related parties 1,504 1,504
Capital lease obligations, net of current maturities 979 1,050
Total long-term liabilities 2,483 2,554
Shareholders’ equity    
Common stock, $0.0033 par value: 20.0 million shares authorized in 2017 and 2016; 8,105,231 shares issued in 2017 and 2016; 8,074,541 shares outstanding in 2017 and 2016 27 27
Additional paid-in capital 23,944 23,912
Stock warrants outstanding 1,025 1,025
Retained losses (12,918) (12,647)
Treasury stock at cost, 30,690 shares in 2017 and 2016 (44) (44)
Total shareholders’ equity 12,034 12,273
Total liabilities and shareholders’ equity $ 21,653 $ 20,856