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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 1,044 $ 841
Income tax receivable 16 0
Accounts receivable – trade after allowance for doubtful accounts of $60.0 thousand and $60.0 thousand in 2018 and 2017, respectively 4,369 4,220
Receivables and other assets from related parties (Note 8) 91 92
Inventories (Note 1) 6,934 5,106
Prepaid expenses and other current assets 159 112
Total current assets 12,613 10,371
Net property and equipment (Note 1) 9,786 11,212
Other assets    
Deferred income taxes (Note 5) 27 27
Other non-current assets 54 116
Total other assets 81 143
Total assets 22,480 21,726
Current liabilities    
Current maturities of long-term debt (Note 2) 3,909 4,877
Current maturities of long-term debt, related parties (Note 2 and 8) 32 64
Current maturities of capital lease obligations (Note 3) 352 300
Bank overdrafts 0 148
Accounts payable 2,387 1,784
Payable and accrued expenses to related parties (Note 8) 2 173
Income tax payable 0 2
Other current liabilities 566 765
Total current liabilities 7,248 8,113
Long-term liabilities    
Long-term debt, net of current maturities (Note 2) 2,125 0
Long-term debt, net of current maturities, related parties (Note 2 and 8) 1,504 1,536
Capital lease obligations, net of current maturities (Note 3) 589 819
Total long-term liabilities 4,218 2,355
Shareholders’ equity    
Common stock, $0.0033 par value: 20.0 million shares authorized in 2018 and 2017; 8,107,865 and 8,089,129 shares issued and outstanding in 2018 and 2017, respectively 27 27
Additional paid-in capital 24,133 24,028
Stock warrants outstanding 1,025 1,025
Retained losses (14,127) (13,778)
Treasury stock at cost, 30,690 shares in 2018 and 2017 (44) (44)
Total shareholders’ equity 11,014 11,258
Total liabilities and shareholders’ equity $ 22,480 $ 21,726