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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash $ 46,000 $ 95,000
Restricted cash 150,000 150,000
Accounts receivable, net 12,598,000 12,065,000
Inventories, net 15,408,000 14,198,000
Prepaid and other current assets 810,000 1,507,000
Assets related to discontinued operation 1,466,000 1,552,000
Total current assets 30,478,000 29,567,000
Property, plant and equipment, net 7,143,000 6,978,000
Other non-current assets 42,000 42,000
Total Assets 37,663,000 36,587,000
Current Liabilities:    
Line of credit 3,169,000 2,103,000
Current portion of post-retirement obligation 97,000 97,000
Accounts payable 2,954,000 2,061,000
Accrued employee compensation and benefits costs 927,000 1,003,000
Accrued warranty 413,000 542,000
Other accrued liabilities 1,046,000 1,909,000
Liabilities related to discontinued operation 27,000 213,000
Total Current Liabilities 8,633,000 7,928,000
Post-retirement obligation 4,210,000 4,165,000
Other long-term liabilities 427,000 0
Total Liabilities 13,270,000 12,093,000
Shareholders' Equity:    
Common stock, par value $0.20; authorized 4,000,000 shares; issued 2,629,052 shares; outstanding 2,527,484 (2,514,775 - 2023) shares 525,000 525,000
Capital in excess of par value 14,796,000 14,617,000
Retained earnings 12,631,000 12,954,000
Accumulated other comprehensive loss (2,331,000) (2,389,000)
Employee stock ownership trust commitment (56,000) (56,000)
Treasury stock, at cost 74,816 (87,525 - 2023) shares (1,172,000) (1,157,000)
Total shareholders' equity 24,393,000 24,494,000
Total Liabilities and Shareholders' Equity $ 37,663,000 $ 36,587,000