Katy Industries - Balance Sheet (in thousands) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
CURRENT ASSETS:
Cash	$ 730	$ 1,319
Trade accounts receivable, net of allowances of $65 and $98	11,759	11,508
Inventories, net	17,262	15,009
Other current assets	4,086	1,496
Assets held for sale		4,293
Total current assets	33,837	33,625
OTHER ASSETS:
Goodwill	665	665
Intangibles, net	2,478	2,832
Other	2,032	3,160
Total other assets	5,175	6,657
PROPERTY AND EQUIPMENT
Land and improvements	336	336
Buildings and improvements	9,101	9,031
Machinery and equipment	86,926	89,247
	96,363	98,614
Less - Accumulated depreciation	(77,562)	(76,002)
Property and equipment, net	18,801	22,612
Total assets	57,813	62,894
CURRENT LIABILITIES:
Accounts payable	8,928	10,619
Book overdraft	946	1,257
Accrued compensation	1,317	1,492
Accrued expenses	8,701	10,460
Payable to related party	1,750	500
Deferred revenue	688
Current maturities, long-term debt		1,275
Revolving credit agreement	14,359	15,432
Liabilities held for sale		1,345
Total current liabilities	36,689	42,380
LONG-TERM DEBT, less current maturities		6,169
DEFERRED REVENUE	2,605
OTHER LIABILITIES	5,904	5,306
Total liabilities	45,198	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	(2,361)	(1,405)
Accumulated deficit	(108,775)	(113,582)
Treasury stock, at cost, 1,871,128 shares	(21,437)	(21,437)
Total stockholders' equity	12,615	9,039
Total liabilities and stockholders' equity	$ 57,813	$ 62,894