Katy Industries - Balance Sheet (in thousands) (USD $) In Thousands, unless otherwise specified	Sep. 28, 2012	Dec. 31, 2011
CURRENT ASSETS:
Cash	$ 937	$ 730
Accounts receivable, net	14,010	11,759
Inventories, net	12,443	15,911
Other current assets	1,358	4,086
Assets held for sale	564	2,655
Total current assets	29,312	35,141
OTHER ASSETS:
Goodwill	329	329
Intangibles, net	2,153	2,478
Other	2,111	2,032
Total other assets	4,593	4,839
PROPERTY AND EQUIPMENT
Land and improvements	336	336
Buildings and improvements	8,546	8,800
Machinery and equipment	76,807	77,502
	85,689	86,638
Less - Accumulated depreciation	(69,989)	(68,805)
Property and equipment, net	15,700	17,833
Total assets	49,605	57,813
CURRENT LIABILITIES:
Accounts payable	8,796	8,928
Book overdraft	730	946
Accrued compensation	1,834	1,317
Accrued expenses	9,735	8,701
Payable to related party	2,125	1,750
Deferred revenue	688	688
Revolving credit agreement	11,271	14,359
Total current liabilities	35,179	36,689
DEFERRED REVENUE	2,064	2,605
OTHER LIABILITIES	5,740	5,904
Total liabilities	42,983	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	(2,300)	(2,361)
Accumulated deficit	(114,829)	(108,775)
Treasury stock, at cost, 1,871,128 shares	(21,437)	(21,437)
Total stockholders' equity	6,622	12,615
Total liabilities and stockholders' equity	$ 49,605	$ 57,813