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CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2012
Dec. 31, 2011
Current Assets:    
Cash and cash equivalents $ 610,000 $ 1,709,000
Restricted cash 0 671,000
Investments in marketable securities 251,000 228,000
Accounts receivable, less allowance for doubtful accounts of $145,000 5,372,000 4,941,000
Inventories 13,271,000 12,550,000
Costs and estimated earnings in excess of billings on uncompleted contracts 875,000 0
Deferred tax asset 447,000 527,000
Other current assets 252,000 250,000
Total current assets 21,078,000 20,876,000
Property and equipment, net 1,099,000 1,014,000
Goodwill 868,000 1,688,000
Deferred tax asset 1,806,000 1,734,000
Other assets 125,000 99,000
Total Assets 24,976,000 25,411,000
Current Liabilities:    
Current portion of long-term debt 33,000 931,000
Notes payable - bank 3,324,000 0
Accounts payable 741,000 804,000
Liability associated with non-renewal of senior officers' contracts 661,000 623,000
Income taxes payable 2,000 30,000
Accrued expenses 1,294,000 1,435,000
Customer advances 88,000 15,000
Total current liabilities 6,143,000 3,838,000
Liability associated with non-renewal of senior officers' contracts, net of current portion 41,000 0
Long-term debt, net of current portion 8,000 2,095,000
Total liabilities 6,192,000 5,933,000
Stockholders' Equity:    
Common stock, $.10 par value, 10,000,000 shares authorized, 5,102,000 shares issued at 2012 and 2011 and 4,515,000 and 4,733,000 shares outstanding at 2012 and 2011, respectively 510,000 510,000
Additional paid-in capital 22,726,000 22,515,000
Treasury stock, at cost, 587,000 and 369,000 shares at 2012 and 2011, respectively (1,700,000) (915,000)
Accumulated other comprehensive loss (3,000) (18,000)
Accumulated deficit (2,749,000) (2,614,000)
Stockholders' equity 18,784,000 19,478,000
Total Liabilities and Stockholders' Equity $ 24,976,000 $ 25,411,000