Katy Industries - Balance Sheet (in thousands) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011
CURRENT ASSETS:
Cash	$ 621	$ 730
Trade accounts receivable, net of allowances of $38 and $65	9,270	11,759
Inventories, net	12,733	15,911
Other current assets	1,456	4,086
Assets held for sale		2,319
Total current assets	24,080	34,805
OTHER ASSETS:
Goodwill		665
Intangibles, net	375	2,478
Other	1,835	2,032
Total other assets	2,210	5,175
PROPERTY AND EQUIPMENT
Land and improvements	336	336
Buildings and improvements	6,477	8,800
Machinery and equipment	73,833	77,502
	80,646	86,638
Less - Accumulated depreciation	(70,944)	(68,805)
Property and equipment, net	9,702	17,833
Total assets	35,992	57,813
CURRENT LIABILITIES:
Accounts payable	6,172	8,928
Book overdraft	493	946
Accrued compensation	1,423	1,317
Accrued expenses	8,775	8,701
Payable to related party	2,250	1,750
Deferred revenue	688	688
Revolving credit agreement	10,903	14,359
Total current liabilities	30,704	36,689
DEFERRED REVENUE	1,917	2,605
OTHER LIABILITIES	5,964	5,904
Total liabilities	38,585	45,198
STOCKHOLDERS’ (DEFICIT) 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	(2,463)	(2,361)
Accumulated deficit	(123,881)	(108,775)
Treasury stock, at cost, 1,871,128 shares	(21,437)	(21,437)
Total stockholders' (deficit) equity	(2,593)	12,615
Total liabilities and stockholders' (deficit) equity	$ 35,992	$ 57,813