Katy Industries - Balance Sheet (in thousands) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2012	Dec. 31, 2011
CURRENT ASSETS:
Cash	$ 618	$ 730
Accounts receivable, net	12,922	11,759
Inventories, net	17,071	17,262
Other current assets	4,115	4,086
Total current assets	34,726	33,837
OTHER ASSETS:
Goodwill	665	665
Intangibles, net	2,350	2,478
Other	1,774	2,032
Total other assets	4,789	5,175
PROPERTY AND EQUIPMENT
Land and improvements	336	336
Buildings and improvements	9,105	9,101
Machinery and equipment	87,550	86,926
	96,991	96,363
Less - Accumulated depreciation	(78,646)	(77,562)
Property and equipment, net	18,345	18,801
Total assets	57,860	57,813
CURRENT LIABILITIES:
Accounts payable	8,675	8,928
Book overdraft	426	946
Accrued compensation	1,425	1,317
Accrued expenses	8,647	8,701
Payable to related party	1,875	1,750
Deferred revenue	688	688
Revolving credit agreement	17,376	14,359
Total current liabilities	39,112	36,689
DEFERRED REVENUE	2,443	2,605
OTHER LIABILITIES	5,902	5,904
Total liabilities	47,457	45,198
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	27,110
Accumulated other comprehensive loss	(2,313)	(2,361)
Accumulated deficit	(111,035)	(108,775)
Treasury stock, at cost, 1,871,128 shares	(21,437)	(21,437)
Total stockholders' equity	10,403	12,615
Total liabilities and stockholders' equity	$ 57,860	$ 57,813