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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current Assets:    
Cash $ 37,000 $ 111,000
Restricted cash 150,000 150,000
Accounts receivable, net 11,362,000 9,288,000
Inventories, net 15,488,000 15,826,000
Prepaid and other current assets 1,142,000 968,000
Assets related to discontinued operation 1,450,000 1,436,000
Total current assets 29,629,000 27,779,000
Property, plant and equipment, net 7,031,000 7,005,000
Other non-current assets 48,000 48,000
Total Assets 36,708,000 34,832,000
Current Liabilities:    
Line of credit 3,725,000 2,127,000
Current portion of post-retirement obligation 84,000 84,000
Accounts payable 2,737,000 2,413,000
Accrued employee compensation and benefits costs 794,000 705,000
Accrued warranty 337,000 333,000
Other accrued liabilities 851,000 1,170,000
Liabilities related to discontinued operation 23,000 23,000
Total Current Liabilities 8,551,000 6,855,000
Long-Term Liabilities:    
Post-retirement obligation 4,121,000 4,097,000
Post-retirement obligation, current (84,000) (84,000)
Post-retirement obligation, net 4,037,000 4,013,000
Other long-term liabilities 425,000 460,000
Total long-term liabilities 4,462,000 4,473,000
Shareholders' Equity:    
Common stock, par value $0.20; 4,000,000 shares authorized; 2,629,052 shares issued; 2,544,246 shares outstanding (2,537,753 shares outstanding as of December 31, 2024) 526,000 526,000
Capital in excess of par value 14,862,000 14,828,000
Retained earnings 11,459,000 11,331,000
Accumulated other comprehensive loss (2,042,000) (2,059,000)
Treasury stock, at cost 69,020 shares (75,513 shares as of December 31,2024) (1,110,000) (1,122,000)
Total shareholders' equity 23,695,000 23,504,000
Total Liabilities and Shareholders' Equity $ 36,708,000 $ 34,832,000