XML 25 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Balance Sheets-Unaudited (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Current Assets:    
Cash and cash equivalents $ 7,824 $ 8,625
Restricted cash (Note D) 1,500 1,500
Accounts receivable, less allowances of $57 and $79, respectively 4,479 4,350
Inventories, net (Note C) 5,460 5,349
Deferred income taxes 1,114 1,114
Prepaid expenses and other current assets 541 665
Total Current Assets 20,918 21,603
Property, Plant and Equipment    
Land 640 640
Buildings and improvements 3,793 3,785
Machinery and equipment 15,787 15,655
Gross property, plant and equipment 20,220 20,080
Less: accumulated depreciation (15,590) (15,373)
Net property, plant, and equipment 4,630 4,707
Deferred income taxes, net 3,021 2,808
Other assets, net 367 475
Total Assets 28,936 29,593
Current Liabilities:    
Note payable to bank (Note D) 1,382 1,249
Accounts payable 1,737 2,452
Accrued compensation and commissions expense 944 1,011
Other accrued expenses 226 209
Current maturities of long-term debt (Note D) 0 58
Total Current Liabilities 4,289 4,979
Long-term debt, net of current portion (Note D) 0 0
Total Liabilities 4,289 4,979
Stockholders' Equity:    
Common stock, $0.01 par value - 10,000,000 shares authorized; 2,656,173 shares issued and 2,605,730 shares outstanding at March 31, 2013, and 2,648,059 shares issued and 2,597,605 shares outstanding at December 31, 2012 26 26
Additional paid-in capital 28,194 28,084
Accumulated deficit (3,202) (3,119)
Treasury stock: 50,443 and 50,454 shares held in treasury at cost at March 31, 2013 and December 31, 2012, respectively (405) (405)
Accumulated other comprehensive income 34 28
Total Stockholders' Equity 24,647 24,614
Total Liabilities and Stockholders' Equity $ 28,936 $ 29,593