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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 880 $ 841
Income tax receivable 4 0
Accounts receivable – trade after allowance for doubtful accounts of $60.0 thousand in 2018 and 2017 5,343 4,220
Receivables and other assets from related parties (Note 6) 45 92
Inventories (Note 2) 5,504 5,106
Prepaid expenses and other current assets 334 182
Total current assets 12,110 10,441
Net property and equipment 10,795 11,212
Other assets    
Deferred income taxes 27 27
Other non-current assets 247 187
Total other assets 274 214
Total assets 23,179 21,867
Current liabilities    
Current maturities of long-term debt (Note 3) 5,874 5,018
Current maturities of long-term debt, related parties (Notes 3 and 6) 64 64
Current maturities of capital lease obligations (Note 4) 307 300
Checks in excess of bank 40 148
Accounts payable 2,670 1,784
Payables and accrued expenses to related parties (Note 6) 49 173
Income tax payable 0 2
Other current liabilities 612 765
Total current liabilities 9,616 8,254
Long-term liabilities    
Long-term debt, net of current maturities, related parties (Notes 3 and 6) 1,520 1,536
Capital lease obligations, net of current maturities (Note 4) 740 819
Total long-term liabilities 2,260 2,355
Shareholders’ equity    
Common stock, $0.0033 par value: 20.0 million shares authorized in 2018 and 2017; 8,100,529 and 8,089,129 shares issued and outstanding in 2018 and 2017 27 27
Additional paid-in capital 24,037 24,028
Stock warrants outstanding 1,025 1,025
Retained losses (13,742) (13,778)
Treasury stock at cost, 30,690 shares in 2018 and 2017 (44) (44)
Total shareholders’ equity 11,303 11,258
Total liabilities and shareholders’ equity $ 23,179 $ 21,867