Katy Industries - Balance Sheet (in thousands) (USD $) In Thousands	Sep. 30, 2011	Dec. 31, 2010
CURRENT ASSETS:
Cash	$ 2,077	$ 1,319
Accounts receivable, net	15,469	11,508
Inventories, net	15,165	15,009
Other current assets	753	1,496
Assets held for sale	4,309	4,293
Total current assets	37,773	33,625
OTHER ASSETS:
Goodwill	665	665
Intangibles, net	2,599	2,832
Other	3,045	3,160
Total other assets	6,309	6,657
PROPERTY AND EQUIPMENT
Land and improvements	336	336
Buildings and improvements	9,142	9,031
Machinery and equipment	87,536	89,247
[PropertyPlantAndEquipmentGross]	97,014	98,614
Less - Accumulated depreciation	(77,427)	(76,002)
Property and equipment, net	19,587	22,612
Total assets	63,669	62,894
CURRENT LIABILITIES:
Accounts payable	11,588	10,619
Book overdraft	1,034	1,257
Accrued compensation	1,423	1,492
Accrued expenses	10,919	10,460
Payable to related party	1,625	500
Current maturities of long-term debt	6,362	1,275
Revolving credit agreement	18,504	15,432
Liabilities held for sale	1,650	1,345
Total current liabilities	53,105	42,380
LONG-TERM DEBT, less current maturities		6,169
OTHER LIABILITIES	5,391	5,306
Total liabilities	58,496	53,855
STOCKHOLDERS’ EQUITY
15% Convertible preferred stock, $100 par value; authorized 1,200,000 shares; issued and outstanding 1,131,551 shares; liquidation value $113,155	108,256	108,256
Common stock, $1 par value; authorized 35,000,000 shares; issued 9,822,304 shares	9,822	9,822
Additional paid-in capital	27,110	27,385
Accumulated other comprehensive loss	(1,307)	(1,405)
Accumulated deficit	(117,271)	(113,582)
Treasury stock, at cost, 1,871,128 shares	(21,437)	(21,437)
Total stockholders' equity	5,173	9,039
Total liabilities and stockholders' equity	$ 63,669	$ 62,894